Singapore Stock Market News

Riverstone Holdings - Diamond In The Rough

StockFanatic
Publish date: Mon, 04 Nov 2013, 02:49 PM
StockFanatic
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A hidden gem, Riverstone is a nitrile glove maker set to be the next big thing. This river stone is ready to be polished into a true jewel as:

i) booming demand and expanding capacity make for exciting growth,

ii) a wide investment moat protecting its niche, and

iii) solid financials and management.

We initiate coverage with a BUY and SGD1.05 TP, based on a 16.3x industry average blended forward FY13/14 P/E.
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