Singapore Stock Market News

Riverstone Holdings - Positive trends

StockFanatic
Publish date: Tue, 16 Dec 2014, 09:42 AM
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■ 70-80% of revenue & 40-50% of cost of sales in USD. Strengthening USD/MYR to benefit Riverstone.

■ Cheaper crude & natural rubber to keep input prices in check. Benefits passed on but raise EPS by 1-2% for higher cleanroom glove volume.

Maintain BUY & SGD1.21 TP, at 15x FY15E EPS. Catalysts from higher-than-expected cleanroom glove volume.
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