Riverstone Holdings' Healthcare Gloves Segment Faces Headwinds -- Market Talk

Dow Jones2022-08-19

0401 GMT - Riverstone Holdings' healthcare gloves segment faces headwinds as additional supply begins to come online, UOB Kay Hian analysts say in a research report as they lower the stock's target price to S$0.67 from S$0.80 with an unchanged hold rating. Average selling prices, or ASPs, of healthcare gloves fell roughly 10% on quarter in 2Q to around $28/1,000 pieces as demand normalized, and management said 3Q ASPs are likely to drop to prepandemic levels at $25/1,000 pieces, the analysts note. Together with weakening demand, more supply from China is expected to come on line in 3Q-4Q, creating downward pressure on ASPs, the analysts say. Shares are 0.7% higher at S$0.71. (ronnie.harui@wsj.com)

$(END)$ Dow Jones Newswires

August 19, 2022 00:03 ET (04:03 GMT)

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Comments

KingCrab
2022-09-05
KingCrab
I'm still bullish with this stock. China's supply comes online? Disruption of supply chain occurs each time China has a military drill around Taiwan. Besides, just wait for the next pandemic and this stock will sky-rocket again.
Take courage
2022-09-05
Take courage
Sound like end of helmday.....Trade with cautious

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Average selling prices, or ASPs, of healthcare gloves fell roughly 10% on quarter in 2Q to around $28/1,000 pieces as demand normalized, and management said 3Q ASPs are likely to drop to prepandemic levels at $25/1,000 pieces, the analysts note. Together with weakening demand, more supply from China is expected to come on line in 3Q-4Q, creating downward pressure on ASPs, the analysts say. Shares are 0.7% higher at S$0.71. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  August 19, 2022 00:03 ET (04:03 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Riverstone Holdings' Healthcare Gloves Segment Faces Headwinds -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRiverstone Holdings' Healthcare Gloves Segment Faces Headwinds -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-19 12:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0401 GMT - Riverstone Holdings' healthcare gloves segment faces headwinds as additional supply begins to come online, UOB Kay Hian analysts say in a research report as they lower the stock's target ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AP4.SI","symbol_name":"立合斯顿","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2260170399","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2260170399","pubTimestamp":1660881780,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0401 GMT - Riverstone Holdings' healthcare gloves segment faces headwinds as additional supply begin","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AP4.SI":"立合斯顿","BK6103":"医疗保健用品","BK6511":"医疗保健服务概念"},"translate_title":"Riverstone Holdings医疗手套业务面临逆风--市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"END":1,"AP4.SI":0.9},"content_text":"0401 GMT - Riverstone Holdings' healthcare gloves segment faces headwinds as additional supply begins to come online, UOB Kay Hian analysts say in a research report as they lower the stock's target price to S$0.67 from S$0.80 with an unchanged hold rating. 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(ronnie.harui@wsj.com) \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  August 19, 2022 00:03 ET (04:03 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9931048709,"gmtCreate":1662369048601,"gmtModify":1676537047156,"author":{"id":"3562115684410726","authorId":"3562115684410726","name":"KingCrab","avatar":"https://static.tigerbbs.com/405b64f3c681fc35136b02e8b5a53c12","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3562115684410726","idStr":"3562115684410726"},"htmlText":"I'm still bullish with this stock. China's supply comes online? Disruption of supply chain occurs each time China has a military drill around Taiwan. Besides, just wait for the next pandemic and this stock will sky-rocket again.","listText":"I'm still bullish with this stock. China's supply comes online? Disruption of supply chain occurs each time China has a military drill around Taiwan. Besides, just wait for the next pandemic and this stock will sky-rocket again.","text":"I'm still bullish with this stock. China's supply comes online? Disruption of supply chain occurs each time China has a military drill around Taiwan. Besides, just wait for the next pandemic and this stock will sky-rocket again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9931048709","repostId":2260170399,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9933478626,"gmtCreate":1662340760865,"gmtModify":1676537039716,"author":{"id":"3577010098993443","authorId":"3577010098993443","name":"Take courage","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3577010098993443","idStr":"3577010098993443"},"htmlText":"Sound like end of helmday.....Trade with cautious","listText":"Sound like end of helmday.....Trade with cautious","text":"Sound like end of helmday.....Trade with cautious","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9933478626","repostId":2260170399,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":3,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2260170399"}