Sarine Technologies

SINGAPORE (May 13): Sarine Technologies, the manufacturer of equipment for grading diamonds and gems, reversed into a 1Q net loss of US$1.4 million ($1.9 million) from earnings of US$3.1 million a year ago.

SINGAPORE (Aug 20): Sarine Technologies has entered into an agreement with Clara Diamond Solutions, a subsidiary of Vancouver-based diamond mining producer Lucara Diamond.

SINGAPORE (May 15): CGS-CIMB Securities expects equipment sales at Sarine Technologies to continue rising, helping the company stay on the recovery course.

SINGAPORE (May 14): Sarine Technologies, the manufacturer of equipment for the evaluation of diamonds and gemstones, reported a 27% rise in 1Q18 earnings ended March to US$3.1 million ($4.1 million) from a year ago on higher sales and operating expenses.

SINGAPORE (Feb 27): CIMB is sticking to its "add" call on Sarine Technologies after the company sold 11 Galaxy family systems in 4Q17, bringing the total installed base to 345 Galaxy family systems as at December.

SINGAPORE (Feb 6): CIMB is upgrading its call on Sarine Technologies to “add” from “hold” previously, with a lowered target price of $1.56.

SINGAPORE (Jan 4): Sarine Technologies and its wholly-owned subsidiary, Galatea, are taking legal action against an unnamed manufacturer in Surat, India, for the deliberate under-reporting of rough stone weights and underpayment of amounts owed to Galatea

(Nov 27): The Straits Times Index has continued to rally this year. It added 0.7% over the period from Nov 14 to 21 to close at 3,423.38 points, extending its year-to-date gains to 18.8%. Since the inception of the Singapore Market Portfolio on Jan 4, the

(Oct 23): As another reporting season approaches, market sentiment towards some of our holdings is riding high. Strong earnings reports for 3QFY2017 could quickly push some of these stocks higher, but any disappointment could lead to an ugly sell-off.

SINGAPORE (Oct 10): Sarine Technologies on Tuesday warned it is likely to post “a minimal operating loss of several hundred thousand dollars” for the 3Q17 ended August.