Glove-maker Riverstone to benefit from recovering semiconductor sales, US-China tariffs: RHB

The global recovery of semiconductor sales, along with “improving market dynamics” within the healthcare gloves industry, is keeping RHB Bank Singapore analysts “positive” on nitrile glove producer Riverstone Holdings (SGX:AP4) ’ 2HFY2024 outlook. 

In an Oct 7 note, RHB analysts highlight that semiconductor sales spiked 19% y-o-y in July. The current industry operating dynamics remain in favour of the local gloves manufacturers as customers are more receptive to the average selling price (ASP) increase.