The Business Times
business-time-50

DBS Research sees Sarine Tech as 'fully valued' amid industry headwinds

google-preferred-sourceAdd BT as a preferred source
Vivienne Tay

Vivienne Tay

Published Fri, Mar 11, 2022 · 09:50 PM

Singapore

DBS Group Research on Friday (Mar 11) initiated coverage on diamond technology company Sarine Technologies with "fully valued" and a target price of S$0.45.

The research team expects industry headwinds to dull the sparkle for the stock, as a rise in rough prices relative to polished prices would likely weigh on Sarine Tech's revenue.

sarine techBrokers' Take

TRENDING NOW

The hiring push comes as Singapore’s banks expand their wealth franchises across Asia.

Singapore banks’ battle for wealth talent goes beyond private bankers

The income upgrade has rendered the Philippines “too wealthy” to qualify for the concessional foreign aid and development loans.

Philippines’ income upgrade hides grim reality for most Filipinos

Transport Minister and Second Minister for Finance Jeffrey Siow announced the second tranche of assistance measures in response to the Middle East situation on Jul 29.

Extra S$300 in CDC Vouchers, U-Save rebates for households as part of S$900 million support package

Workers preparing for the Asean Summit opening ceremony in May. Non-member dialogue partners at the events this week include the US, China, India and Russia.

World powers are courting Asean. Can the region capitalise on that?

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More