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Maybank Kim Eng initiates 'buy' on Sarine Technologies on cyclical earnings uplift

Vivian Yee
Vivian Yee6/1/2021 02:28 PM GMT+08  • 2 min read
Maybank Kim Eng initiates 'buy' on Sarine Technologies on cyclical earnings uplift
Maybank Kim Eng Research analyst Eric Ong has started “buy” on Sarine Technologies with a target price of 70 cents.
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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.”

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