China's glove products face stringent US quality checks, so which competitors benefit?

Riverstone also produces gloves for cleanrooms. This is recovering faster than their healthcare gloves. Its net profit bottomed in 4Q2022 and has been increasing ever since.

UOB KH raised its tp for Riverstone from 1.12 to 1.14, pegged to 20x 2025F PE. Riverstone is trading at a deep 40% discount to its Malaysian peers' trading multiple of 47x 2025F PE despite the group's higher margins and ROE vs peers.