SINGAPORE (Sept 19): DBS Vickers Securities is initiating coverage on Procurri at “buy” with a target price of 67 cents.
In a Friday report, analyst Sachin Mittal hails the provider of data centre equipment as a “promising player in a high growth sector”, being able to supply pre-owned hardware in over 80 countries and as one of the few players offering both hardware resale and independent maintenance services.
(See Procurri opens at 54 cents, 2 cents below IPO price)
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