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Sarine Tech
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hotelgrand
Master |
31-Aug-2021 20:25
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Well done... last day of August | ||||
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dot123
Senior |
24-Aug-2021 17:06
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good closing tho 
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hotelgrand
Master |
24-Aug-2021 16:59
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No interest today
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hotelgrand
Master |
23-Aug-2021 11:09
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Sold off at 76 previously bought back today at 68.5crs..better buy than isdn | ||||
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PQTPQK
Supreme |
23-Aug-2021 10:49
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can buy ??
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PQTPQK
Supreme |
11-Aug-2021 15:41
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drop alot from the high this 2 days...
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pcxiao2008
Master |
11-Aug-2021 13:54
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ex d on 13 aug...pushing down the price... | ||||
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PhillipTan
Supreme |
11-Aug-2021 02:40
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Maybank Kim Eng ups Sarine Tech' s TP to 94 cents on topline growthMaybank Kim Eng analyst Eric Ong is positive on Sarine Technologies as it posted its best results in the 1HFY2021 ended June since 2014.He has also increased his target price to 94 cents from 70 cents previously as he rolls forward his valuation on the counter to FY2022. Sarine Tech' s net profit of US$12.6 million ($17.0 million), which surged 972.4% y-o-y, exceeded the FY2021 estimates forecasted by the brokerage as well as the consensus. The higher figures were driven by the recovery of manufacturing activities amid robust demand for diamond jewellery after the reopening of retail activities in the company' s key markets. As buoyant industry conditions drive topline growth, Ong expects Sarine Tech' s new business comprising rough and polished diamond wholesale and retail-related revenues to continue growing with broader commercial adoption. For the 1HFY2021, the business stood at slightly under 6% of the company' s total turnover. Ong has also increased his earnings per share (EPS) estimates for the FY2021, FY2022 and FY2023 by 57%, 36% and 22% given the better-than-expected sales and operating leverage. Sarine Tech' s technologies, which span the entire value chain due to its full suite of equipment for diamond and gemstone production is a dominant player in the market, says Ong. " Its Galaxy&trade system is the first commercially-available technology that automates inclusion mapping, helping clients maximise yields of their rough diamonds," he notes. Sarine has also introduced " new technologies for polished diamonds that could help retailers and wholesalers enhance differentiation of polished diamonds, potentially setting a new industry standard," he adds. Furthermore, the company is in an industry where there are strong barriers to entry given a technological lead that is hard to replicate. Sarine also has an established customer base, which adds to its value proposition. Upside factors to the counter include the further penetration of its Galaxy family of machines, especially for the Solaris, Meteor and Meteorite new models. Other re-rating catalysts include Sarine' s Light, Loupe and Profile technologies becoming widely adopted as an industry standard by retailers and gem labs. In addition, the commercial rollout of its e-Gradin offering in the 2HFY2021 should drive higher recurring income and margins. On the other hand, the resurgence of the pandemic, which could disrupt the global diamond value chain, economic uncertainties, as well as an infringement of the group' s intellectual property rights have been identified as potential downside risks. Shares in Sarine closed 2 cents lower or 2.4% down at 80.5 cents on Aug 10, or 2.9 times P/B, according to Maybank Kim Eng' s estimates. |
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Omega88
Senior |
10-Aug-2021 17:07
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Thanks for the info! | ||||
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philiptang
Member |
06-Aug-2021 17:02
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Sarine Technologies deducts 20% of dividend at source. The announcement was made in July 2020? https://links.sgx.com/FileOpen/Announcement_re_Dividend_Taxation_7_July_2020.ashx?App=Announcement& FileID=622971 To claim back some percentage of the 20% you have to provide a very long list of items. In my opinion it' s not worth it for a share with PE Ratio = 90.3!
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Joelton
Supreme |
06-Aug-2021 10:18
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Sarine Tech H1 profit surges to US$12.6m on robust manufacturing and retail activity
DIAMOND systems manufacturer Sarine Technologies Sarine Tech: U77 +10% posted a net profit of US$12.6 million for the fiscal first half, more than 10 times the US$1.2 million from a year ago thanks to a resurgence of manufacturing and retail activity, the company said on Thursday.
These, it said, were coupled with strong, sustained demand for diamond jewellery in key global markets in the absence of alternatives for luxury spending, such as travel. The company also said it saw stronger than expected end-of-year holiday season demand in the US, as well as a strong Chinese New Year season in the Asia-Pacific market. These, it noted, translated to " meaningfully higher sales" .
This recovery, the company added, withstood the challenges and uncertainties stemming from the resurgence of the Covid-19 virus in India for much of April and May 2021.
" In fact, due to these uncertainties, the seasonal May summer vacation shutdown in India, which typically lasts two to three weeks, was cancelled by many of the midstream manufacturers fearing imminent lockdowns, thus actually allowing near continuous work throughout May and June 2021," the company said in its regulatory filing on Thursday.
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Omega88
Senior |
06-Aug-2021 09:21
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Hi, just to check. Let' s say I have 100k shares, will i get the full USD$1.5k or we only get 80% of the dividend? Anyone knows what this means? " Any shareholder of the Company who is a resident of a country which is a party to a treaty for the avoidance of double taxation with Israel (An " Eligible State" ) and who has an equitable right to receive such dividend from the Company (an " Applicant" ), may apply to the Tax Trustee, within 30 days from the date of the dividend payment, and request that the tax rate which shall apply to such payment shall be lower than 20% (the " Application" )"
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bluetoes
Member |
05-Aug-2021 16:25
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Dividend USD0.015 per share. ex-date 13/Aug |
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SgYuan
Supreme |
05-Aug-2021 14:16
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sarine tech day
rechart w5 835 px hit see next fib 845 855 |
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f16force
Senior |
05-Aug-2021 11:48
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Hopefully the dual listing in Israel will give it the " Push" momentum...... 😂 😂 😂
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Omega88
Senior |
05-Aug-2021 10:14
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Their business model is a game-changer - 3D scanning, inclusion mapping, online e-Grading system. It' s like how 3D printing technology is going to disrupt conventional manufacturing approach. Can read up more here. https://research.sginvestors.io/2021/06/sarine-technologies-maybank-kim-eng-research-2021-05-28.html |
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PhillipTan
Supreme |
05-Aug-2021 09:18
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Sarine Tech H1 profit surges to US$12.6m on robust manufacturing and retail activityDiamond systems manufacturer Sarine Technologies posted a net profit of US$12.6 million for the fiscal first half, more than 10 times the US$1.2 million from a year ago thanks to a resurgence of manufacturing and retail activity, the company said on Thursday.These, it said, were coupled with strong, sustained demand for diamond jewellery in key global markets in the absence of alternatives for luxury spending, such as travel. The company also said it saw stronger than expected end-of-year holiday season demand in the US, as well as a strong Chinese New Year season in the Asia-Pacific market. Net profit for the six months ended June 30, 2021 translates to earnings per share of 3.6 US cents, against earnings per share of 0.33 cents a year ago. Revenue was up 60.5 per cent to US$36.0 million, compared with US$22.4 million over the year-ago period. Sarine' s board said it has paid out a final dividend of 0.5 US cent per share. Shares of Sarine Technologies closed on Wednesday at S$0.75, up S$0.01 or 1.4 per cent. |
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vezted
Member |
05-Aug-2021 09:15
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THIS GEM IS GOING TO FLY! Sarine posted amazing 1H21. The disclosure by management littered with positive sentiments, such as " Best half since 2014" . Interested for a more in-depth look into Sarine result: https://blog.vezted.com/sarine-tech-sgx-u77-1h21-result-analysis/ I feel that prices will continue to soar further, price might spike up today. Why i think share price will continue to rise in future: 1. Increase in business activity in diamond industry 2. Launching of Sarine Journey and e-Grading solution which will be starting to generate revenue in late 2021 or 2022. 3. Valuation metrics is very undervalue now for a company with such potential 4. Clean and healthy balance sheet 5. Commitment to research and development, enhancing company' s competitiveness. |
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f16force
Senior |
05-Aug-2021 07:32
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Sarine' s 1H result is outstanding.......hope it will reclaim its glorious days of trading above $1.... 😂 😂 😂 |
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PQTPQK
Supreme |
03-Aug-2021 09:16
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action start ?? | ||||
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