Singapore Stock Market News

Riverstone Holdings - Ready for competition

StockFanatic
Publish date: Wed, 28 Jan 2015, 12:26 PM
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■ Healthcare-glove competition heating up due to incoming capacity. Riverstone's healthcare gloves are differentiated. Only 34% contribution to FY15E gross profit.

■ Any ASP & margin pressure to be buffered by strong USD and cheaper raw materials.

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