Singapore Stock Market News

Riverstone Holdings - Favourable trends

StockFanatic
Publish date: Thu, 18 Jun 2015, 10:00 AM
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â–  USD has appreciated 12.7% YoY / 0.7% QoQ against MYR in 2Q15. MERS-induced demand could provide upside to healthcare-glove ASPs.

â–  EPS impact of 10.3% gas-price hike in 3Q15 limited to less than 2%

â–  Maintain BUY & EPS. Raise TP to SGD2.05 from SGD1.78 after rollover to FY16, still based on 18x P/E. Catalysts expected from faster-than-scheduled expansion.
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