1Q20 EARNINGS

Riverstone “continues to be a laggard play in the glove sector, as it is trading at a 49% discount to its Malaysia-listed peers,” says CGS-CIMB analyst Ong Khang Chuen.

Earnings of Malaysia-based glove and face mask manufacturer Riverstone Holdings soared 54.3% to RM46.6 million ($15.2 million) in 1Q20, from RM30.2 million a year ago, reinforcing that protective health gear are now the hottest investment property.

Frasers Property reported 2Q20 earnings of $74.5 million from a year ago, bringing 1H20 earnings to $233.8 million, 12.1% lower than a year ago.

Oversea-Chinese Banking Corporation (OCBC) posted a 43% y-o-y fall in core earnings to $698 million for the 1Q2020 ended March, from $1.23 billion a year ago.