Sarine Technologies (U77)

Business description

Sarine is the leading provider of equipment and services for the diamond manufacturing industry. These help to automate planning and maximise yield. It has also developed products that allow it to enter the much larger and more profitable wholesale and retail segments of the industry.

Stock data

Market cap.S$403.2m
Last closeS$1.14
High / Low (52 weeks)S$2.0 / S$0.9
Stock market listingSP
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual(0.9)21.3(37.7)
Relative *0.917.6(44.5)

* % Relative to local index

Other companies in sector Show

Company news

Is It Too Late To Buy Sarine Technologies Ltd (SGX:U77) At Its January Price?

Tue, 16 Jan 2018 03:33:45 GMT

Why Has Sarine Technologies Ltd Fallen By 24% Today?

Mon, 13 Apr 2015 04:17:57 GMT

Sarine Technologies Ltd's Latest Earnings: A Strong Recovery Seen

Mon, 09 May 2016 07:39:45 GMT

Sarine Technologies Ltd's Shares Are Up 15.3% in 1 Year: Here's What Happened

Fri, 30 Dec 2016 01:57:04 GMT

Does Sarine Technologies Ltd's (SGX:U77) -30.2% Earnings Decline Reflect A ...

Fri, 22 Dec 2017 00:00:00 GMT

Investment summary

Sarine’s ytd (Jan to Sep) profitability was relatively subdued, with lower equipment sales due to excess midstream inventories in Q2 and Q3, as well as the illicit actions of competitors. Simultaneously, Sarine incurred considerable R&D costs related to the development of Clarity and Colour grading technology and Sarine Profile. This was further exacerbated by the strengthening of the Israeli shekel. However, downstream demand remains strong (according to the company), while new products and lower R&D expenses should support earnings going forward. Sarine trades on a P/E of 16.3x FY17e, a 35% discount to the peer group.

Last updated on 22/11/2017

Key management

Daniel Gilnert, Chairman
David Block, CEO
Bill Kessler, CFO

Company address

4, Ha-Kharash
HOD HASHARON
4524075
Israel
View website