Sarine Technologies

SP: U77

SGD134.4m market cap

SGD0.38 last close

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.

Investment summary

Sarine continued to experience more muted midstream demand in Q418, both in terms of capital equipment sales and recurring revenues. At the same time, it has kept its operating expenses under control, which allowed it to post a 6.3% y-o-y improvement in operating profit in FY18. As sales and marketing initiatives intensify in 2019 while industry challenges persist, the company has decided to temporarily reduce its dividend policy to one US cent every six months (from 2 US cents before), which still translates into a solid dividend yield at c 5% on an annualised basis.

Share price graph
Price performance
Actual (7.3) (24.0) (66.4)
Relative* (5.5) (28.0) (63.3)
52-week high/low S$1.2/S$0.4
*% relative to local index
Key management
Daniel Gilnert Chairman
David Block CEO
Bill Kessler CFO