Maybank Kim Eng is looking after its “hold” approach Riverstone Holdings with an objective cost of 92 pennies, saying the late revision to its stock cost has been overcompensated.
Shares of Riverstone and also other Malaysian glove makers have slid around 3% this week after Malaysia reported measures obliging exporters to repatriate 75% of their outside money continues.
“We trust the offering is overcompensated as the move limitedly affects Riverstone’s income,” says examiner John Cheong in a Thursday report.
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