Sarine Technologies Ltd *Official* (SGX: U77)

[tokyodrift]

..........

 

[lushiris]

Why Has Sarine Technologies Ltd Dropped By 20% In Less Than 2 Weeks?

 

[winorlose]

So illiquid and speculative.. Should have drop long ago

 

[wahkao3]

So illiquid and speculative.. Should have drop long ago

y u say speculative leh?

 

[Shion]

https://factsetpdf.maybank-ke.com/PDF/36097_CN__2708e32ea8ad4303aab546d161aa6ce7.pdf

 

[Mancunian2]

paging for wahkao to provide FATA analysis

 

[Shion]

Sarine Tech set to sail on diamond industry recovery

Sarine Tech set to sail on diamond industry recovery

http://www.theedgemarkets.com.sg/article/sarine-tech-set-sail-diamond-industry-recovery

SINGAPORE (April 7): Earnings at Sarine Technologies are improving on the back of an economic recovery, and the company could do even better this year as demand for its diamond analysis tools grows.

The company’s Galaxy suite of inclusion mapping systems is used by diamond manufacturers to decide on the optimal cut for a diamond. Orders for these tools have picked up as the demand for polished diamonds increases.

Daniel Glinert, Sarine’s chairman, says the industry experienced a “good” Christmas shopping season last year in the US — a market that accounts for 40% of the world’s polished diamond market.

Asia-Pacific, which accounts for another 40% of demand, also did better, thanks to growing demand in China. In Hong Kong, diamond jewellery and luxury sales rose for the first time in two years last December.

After a two-year downturn, in which the margins of diamond manufacturers were squeezed because of low demand and high costs, pricing conditions are improving.

Prices of polished diamonds have held “steady”, Glinert says.

As a result, Sarine recorded y-o-y growth in all four quarters last year. For 4QFY2016 ended Dec 31, earnings grew 3.4 times y-o-y to US$4.9 million ($6.9 million) and revenue climbed 52.6% y-o-y to US$18.9 million.

“All the macroeconomic data indicates that 2017 should be a very good year for the diamond trade. This year should complete the recovery from the downturn in 2015,” Glinert says.

Citi Research forecasts, however, that the retail diamond market will grow only 2% this year.

Although the US and China are showing strong demand, the Indian market is expected to decline 10%. Citi also warns that the diamond industry could be in worse shape in late 2017.

Shares in Sarine have advanced 15.1% in the last 12 months. Based on its April 4 close of $1.865, it is trading at 23.2 times earnings.

Will it be able to continue to shine?

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...530000-in-q3-on-surplus-of-diamonds-in-market
Sarine falls to net loss of US$530,000 in Q3 on surplus of diamonds in market
Tue, Nov 14, 2017 - 8:28 AM Rachel Mui rachmui@sph.com.sg

MAINBOARD-listed Sarine Technologies registered a net loss of US$530,000 for the quarter ended Sept 30, down from a year-ago net profit of US$3.99 million as sales decreased.
Revenue for the Israeli diamond specialist technology firm fell 35 per cent for the quarter to US$11.3 million. This was mainly due to a "buildup of higher than normal inventories of polished diamonds in the midstream", driving manufacturers to slow production and hold off capital expenditures, the company said in a Singapore Exchange filing on Monday night.
In addition, Sarine alleged that ongoing illicit operations of parties infringing on their intellectual properties and "uncertainties stemming from litigations pertaining to these issues" further affected their sales of capital equipment.
Nonetheless, the group noted that it did not experience a significant drop in the number of stones processed by its installed base, and that recurring revenues accounted for over 46 per cent of the group's revenue.
Loss per share for the quarter was 0.15 US cent, down from an earnings per share of 1.14 US cents a year ago.
No dividend has been recommended for the current financial period, similar to the corresponding period in the previous year.

** price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=U77.SI

 

[kingpartner]

this one waking up big time soon

 

[Perisher]

this one waking up big time soon

2 months back fall, rise in diamond supplies, now you say waking up?

 

[kingpartner]

bro mod.. wait and see la. got slow news recently.. and results soon.

1 nice set of year end diamonds (peak season), plus hot market, $1.2, 1.3 not impossible

2 months back fall, rise in diamond supplies, now you say waking up?

 

[kingpartner]

half time score today.. touched 1.09 recent high, 2/3 buy up, 1/3 sell. seems like ppl still eager for $1.2, 1.3

 

[kingpartner]

nobody believe... 1.17

 

[kingpartner]

1.23 liao.. seems like 1.3 sooner than i thought

 

[Shion]

9 months ended 30 Sept 19

https://links.sgx.com/FileOpen/Appe...l 10Nov19.ashx?App=Announcement&FileID=585124

 

[sohguanh]

This is a $1 stock now dwelling in their 20+ cents. Me vested recently before they announce they will do a off-market equal access share buyback at 34 cents. This is first time I hear of off-market equal access wonder how it works. Hmmm.... anyone still vested in this stock?

Edit: I actually buy becuz of the recent 7 Oct 2023 incident hehe....