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DBS Research sees Sarine Tech as 'fully valued' amid industry headwinds
Published Sat, Mar 12, 2022 · 05:50 AM
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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.
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