(Stocks Discussion) SGX: Sarine Tech (SGX: U77)? - Seedly
Seedly logo
Seedly logo
 

Investments

SGX

Stocks Investing

Gabriel Tham

Asked on 11 Dec 2019

(Stocks Discussion) SGX: Sarine Tech (SGX: U77)?

Discuss anything about share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell this stock on the SGX Singapore markets. Do take note that the answers given by our members are just your opinions, so please do your own due diligence before making an investment

0 comments

3 answers

Answer Now

Answers (3)

Sort By

Bibiana

Bibiana

Level 7. Grand Master

Answered on 12 Dec 2019

Might be some disruptions looming ahead as there are some synethic diamonds which are getting popular! Will it affect their business?

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post
Wallace Chai

Wallace Chai

Level 9. God of Wisdom

Answered on 11 Dec 2019

A company that got to do with diamonds. Diamond seems to be high quality but this company doesn't seem to..

Revenue keeps declining year on year. Inconsistent margins.

Not too sure if it is sustainable for them to payout more than 100% of their earnings for dividends. With low margins and revenue, think this wouldn't last long. Eventually their own cash in the company will be depleted.

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post

Sarine Business is in the selling of Gem mapping equipments. Their machines are mainly used to grade the quality of Natural mined DIamonds. Recently they started mvoign to other gemstones such as Ruby and Synthtetic Diamonds. Their main customers are the polish diamond parties in India.

However recently revenue has been falling because the demand for natural diamonds has fllane because of synthetic diamond competition. To compound it, India's banking system is cutting down credit to the middle men diamond polishers. This has resulted in suppliers being unable to buy too much of Sarine Tech Galaxy equipment.

The company has proven during good times, it has wonderful cash flow ability. This is because they are the only few legit diamond mapping company; although there has been imitation trying to copy their program.

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post