Singapore Stock Market News
Sarin Tech - Commendable results
StockFanatic
Publish date: Tue, 05 Nov 2013, 12:02 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Sarin's results were in line with our
expectations despite the difficult
quarter faced by the Indian economy.
It continues to gain traction with new
customers and product launches. We
maintain Outperform but raise our
target price (forecasts unchanged;
EPS decline reflects reissuance of
treasury shares) as we roll over to
CY15 earnings (based on 16x P/E, 0.5
s.d. above its 5-year average). Catalyst
is further penetration of Galaxy
machines.
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