Singapore Stock Market News

Riverstone Holdings - Good project execution

StockFanatic
Publish date: Mon, 12 Oct 2015, 02:28 PM
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■ Riverstone's production capacity would expand 24% to 5.2bn pieces p.a. upon the completion of phase II expansion by end-15 (end-14: 4.2bn).

■ Group-level capacity utilisation rate is at optimal level of c.90%. Phase III expansion (additional 1bn capacity) is slated to commence operations in 3Q16.

■ The cleanroom segment would benefit from strengthened US$ and low raw material costs, while the healthcare segment would pass benefits on to customers.

Upgrade Riverstone from Hold to Add, with higher target price of S$1.92
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