Stock Name: Sarin
Company Name: SARIN TECHNOLOGIES LTD
Kim Eng Research in a Sept 29 research report says: "Sarin launched its Light Performance Technology (LPT) system, the Sarin D-LightTM, last week at the Hong Kong Jewellery & Gem Fair 2011. This is a first step towards rolling out LPT as the next revenue driver, after the successful GalaxyTM system.
"While there are uncertainties in the near term, we remain positive on its long-term prospects. We see no compelling reason to change our revenue forecast for now but we present a sensitivity analysis of our forecast relative to a fall in equipment sales.
"A 40% drop in equipment sales, for example, would result in our target price falling to $0.96, based on 16x PER. Target price adjusted to $1.42, purely for USD/SGD exchange rate changes. MAINTAIN BUY."
Company Name: SARIN TECHNOLOGIES LTD
| Research House: Kim Eng | Price Call: BUY | Target Price: 1.42 |
Kim Eng Research in a Sept 29 research report says: "Sarin launched its Light Performance Technology (LPT) system, the Sarin D-LightTM, last week at the Hong Kong Jewellery & Gem Fair 2011. This is a first step towards rolling out LPT as the next revenue driver, after the successful GalaxyTM system.
"While there are uncertainties in the near term, we remain positive on its long-term prospects. We see no compelling reason to change our revenue forecast for now but we present a sensitivity analysis of our forecast relative to a fall in equipment sales.
"A 40% drop in equipment sales, for example, would result in our target price falling to $0.96, based on 16x PER. Target price adjusted to $1.42, purely for USD/SGD exchange rate changes. MAINTAIN BUY."
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