In a report released on February 24, Khang Chuen Ong from CGS-CIMB maintained a Hold rating on Riverstone Holdings (REVSF – Research Report), with a price target of S$0.60.
According to TipRanks, Chuen Ong is a 2-star analyst with an average return of -1.1% and a 33.33% success rate. Chuen Ong covers the Industrial Goods sector, focusing on stocks such as Hong Leong Asia, Boustead Singapore, and Comfortdelgro.
The analyst consensus on Riverstone Holdings is currently a Hold rating.
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REVSF market cap is currently $692.5M and has a P/E ratio of 6.35.
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Riverstone Holdings Ltd is a Singapore-based company which is a latex medical examination gloves manufacturer and global supplier of cleanroom and healthcare gloves. It is a nitrile glove manufacturer specialize in the production of cleanroom gloves and healthcare gloves, fingercots, face masks and packaging bags. The group’s products are widely qualified and used in the Hard Disk Drive, semiconductor and healthcare industries. The company has operations in Malaysia, Thailand, and China. The majority of the company’s revenue is generated from Malaysia.
