Riverstone Holdings Set to Benefit From Likely Recovery in Glove Demand -- Market Talk

Dow Jones01-30

0243 GMT - Riverstone Holdings stands to benefit from a likely recovery in glove demand, UOB Kay Hian analysts say in a research note as they raise the stock's rating to buy from hold and the target price to S$0.82 from S$0.67. With global market intelligence provider IDC forecasting semiconductor sales market to recover at 20% growth rate in 2024, management expects demand for the company's cleanroom gloves to rebound this year, the analysts note. The Singapore-listed cleanroom products manufacturer is also demolishing its 10-year-old production lines to build newer lines for customized products, which has enabled it to expand its gross margin significantly, the analysts add. Shares are 0.7% lower at S$0.685. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 29, 2024 21:44 ET (02:44 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2407404820?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-01-30 10:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2407404820","market":"sh","top_or_hot":-1,"title":"Riverstone Holdings Set to Benefit From Likely Recovery in Glove Demand -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0243 GMT - Riverstone Holdings stands to benefit from a likely recovery in glove demand, UOB Kay Hian analysts say in a research note as they raise the stock's rating to buy from hold and the target price to S$0.82 from S$0.67. With global market intelligence provider IDC forecasting semiconductor sales market to recover at 20% growth rate in 2024, management expects demand for the company's cleanroom gloves to rebound this year, the analysts note. The Singapore-listed cleanroom products manufacturer is also demolishing its 10-year-old production lines to build newer lines for customized products, which has enabled it to expand its gross margin significantly, the analysts add. Shares are 0.7% lower at S$0.685. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2024 21:44 ET (02:44 GMT)\n</p>\n<p>\n  Copyright (c) 2024 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 Set to Benefit From Likely Recovery in Glove Demand -- 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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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 Set to Benefit From Likely Recovery in Glove Demand -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-30 10:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://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>0243 GMT - Riverstone Holdings stands to benefit from a likely recovery in glove demand, UOB Kay Hian analysts say in a research note as they raise the stock's rating to buy from hold and the target ...</p>\n\n<a href=\"https://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":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2407404820","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2407404820","pubTimestamp":1706582640,"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":"0243 GMT - Riverstone Holdings stands to benefit from a likely recovery in glove demand, UOB Kay Hian analysts say in a research note as they raise the stock's rating to buy from hold and the target price to S$0.82 from S$0.67. With global market intelligence provider IDC forecasting semiconductor sales market to recover at 20% growth rate in 2024, management expects demand for the company's cleanroom gloves to rebound this year, the analysts note. The Singapore-listed cleanroom products manufacturer is also demolishing its 10-year-old production lines to build newer lines for customized products, which has enabled it to expand its gross margin significantly, the analysts add. Shares are 0.7% lower at S$0.685. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AP4.SI":"立合斯顿"},"translate_title":"Riverstone Holdings将受益于手套需求的可能复苏——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AP4.SI":1},"content_text":"0243 GMT - Riverstone Holdings stands to benefit from a likely recovery in glove demand, UOB Kay Hian analysts say in a research note as they raise the stock's rating to buy from hold and the target price to S$0.82 from S$0.67. With global market intelligence provider IDC forecasting semiconductor sales market to recover at 20% growth rate in 2024, management expects demand for the company's cleanroom gloves to rebound this year, the analysts note. The Singapore-listed cleanroom products manufacturer is also demolishing its 10-year-old production lines to build newer lines for customized products, which has enabled it to expand its gross margin significantly, the analysts add. Shares are 0.7% lower at S$0.685. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 29, 2024 21:44 ET (02:44 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"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":"4.22.4","shortVersion":"4.22.4","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/2407404820"}