SINGAPORE (Feb 27): CIMB is sticking to its "add" call on Sarine Technologies after the company sold 11 Galaxy family systems in 4Q17, bringing the total installed base to 345 Galaxy family systems as at December.
Compared to the sale of just two machines in 3Q17, CIMB views this as an improvement and possible recovery in growth.
"Management believes there is still upside to sales of higher-value Galaxy machines this year, and the newly launched Meteorite systems could drive equipment sales ahead," says analyst Colin Tan in a Monday report.
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