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

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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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KingCrab
·2022-09-05
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.
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Take courage
·2022-09-05
Sound like end of helmday.....Trade with cautious
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(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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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":9,"crmLevelSwitch":1},"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"}],"hasMoreComments":true,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}