Singapore Stock Market News

Sarine Technologies - Another glittering quarter

StockFanatic
Publish date: Mon, 12 May 2014, 02:06 PM
StockFanatic
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■ Record 1Q14 net profit of USD9.1m (+12.6% YoY, +103.5% QoQ) in line with our expectations.

■ Strong GalaxyTM sales with 15 units delivered in 1Q14, bringing installed base to 157.

■ Maintain BUY with unchanged DCF-based TP of SGD3.09.
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