riverstone holdings

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Brokers' ' take: RHB upgrades Riverstone to '' neutral ', calls existing evaluation reasonable

RHB on Thursday (Feb 24) updated Riverstone to “neutral” from “market” and also elevated its target rate to S$ 0.74 from S$ 0.65, while keeping in mind that the handwear cover manufacturer’s existing evaluation is reasonable. Riverstone is trading at 16 times the brokerage firm’s price quotes for FY2023 profits, according to its historic standard and also pre-pandemic 5-year mean,…