Sarin Tech

Sarin Tech: Sarin's customer Dharmanandan Diamonds, one of the leading global diamond manufacturing companies with more than 25 years of experience in the industry that is headquartered in Mumbai, purchased additional Galaxy and Solaris systems, making them the first customer to-date to have a total of 10 Galaxy and Solaris systems in-house. We reiterate Maybank-KE's key investment case for Sarin remains predicated on the group’s ability to bring about disruptive change in diamond cutting, where market opportunities are still in its infancy stages. The vote of confidence from a reputable industry player definitely supports the quality and technology of Sarin's products, as the group continues to make further headway into the industry. Latest broker ratings as follows: Maybank-KE maintains Buy with TP $1.89 Macquarie has an Outperform with TP $2.91 CIMB reiterates Outperform with TP $1.98