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

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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

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