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Riverstone Holdings (RSTON SP) - Entry remains attractive despite recent rally


Here is a link to the report: Riverstone Holdings (Published 25 Jan 2020)

Have not been updating lately so I decided to look at another company for practice and to learn about more industries.

Riverstone is an interesting company that produces mainly nitrile gloves for cleanrooms and healthcare environments. It was trading at SGD0.93 just a week ago, unfortunately the coronavirus situation escalated, which prompted a rally for glovemakers such as Riverstone, Kossan, Topglove etc due to investors pricing in higher demand for gloves in healthcare.

Still, at the current price of SGD1.02, I believe this is a potentially attractive stock given its defensive nature (low beta, industrial staple) amidst the high equity valuation environment we have today.






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