Sarine: (S$1.60) Path to normalcy
- De Beers just concluded its fourth Sight of the year with provisional rough diamond sales showing a sequential improvement.
- Further in the polished diamond space, US CPI data for jewellery showed improvement, lifting optimism in the industry.
- The series of positive data points support Maybank KE's view that Sarine could be on its path to normalcy in 2016.
- House maintains its Buy and DCF-based TP of $1.94 for recovery growth in the short-term and the adoption of its technologies in the long-term.
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