Maybank Kim Eng Research analyst Eric Ong has started “buy” on Sarine Technologies with a target price of 70 cents, representing a 19% upside on the stock as at his report dated May 28.
Ong’s “intrinsic value implies 17.9 times FY2021 price earnings (P/E) and 14.4 times FY2022 P/E, compared to over 20 times during the previous upcycle.”
For more stories about where the money flows, click here for our Capital section
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
