gloves

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.

SINGAPORE (May 14): RHB is reiterating its “buy” call on UG Healthcare with a target price of 32 cents.

SINGAPORE (Feb 26): Glove manufacturer Riverstone Holdings announced 4Q17 earnings dropped 5% to RM34.2 million ($11.5 million) from RM36.0 million in 4Q16.

SINGAPORE (Nov 9): Riverstone Holdings has reported earnings of RM20.8 million ($6.8 million) for 3QFY16, a 15.6% decrease from the earnings of RM35.3 million in 3QFY15.

SINGAPORE (Aug 29): Maybank Kim Eng is downgrading UG Healthcare to a “hold” with a lower target price of 37 cents from 52 cents previously, on lower second-half core growth and earnings expectations.