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It's raining gloves and Riverstone is looking at higher revenue in the next three years: UOB Kay Hian

Amala Balakrishner
Amala Balakrishner • 3 min read
It's raining gloves and Riverstone is looking at higher revenue in the next three years: UOB Kay Hian
Riverstone is a key company to lookout for
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The second wave of Covid-19 infections occurring in several countries has increased the Average Selling Prices (ASPs) of healthcare and cleanroom gloves by around 15% month-on-month for November.

This translates to around US$60 ($81.55) per 1,000 pieces of gloves, and is higher than the 10% month-on-month average increase in ASPs between August and October.

This spells good news for glove and face mask manufacturer Riverstone Holdings, who has been having strong demand for its healthcare and cleanroom gloves due to Covid-19 and the tech boom.

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