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Broker's Calls
DBS maintains ‘fully valued’ on Sarine Technologies at reduced target price amid dimmer outlook
DBS analysts think it is premature to conclude that diamond markets are recovering, but continue to watch for signs of recovery.
November 23, 2023
Insider moves
Sarine reverses into the red in 3Q; launches equal access share buyback
The equal access offer is the 'first step' in the company’s strategy to realise this substantial value.
November 22, 2023
Offer
Sarine Technologies offers 34 cents per share in off-market equal access share buyback offer
The company reported a loss of just under US$1 mil for the 3QFY2023 amid ongoing challenges.
November 20, 2023
Billion Dollar Club 2023
Civmec is overall winner; Sarine and Micro-Mechanics share honours
Civmec is eyeing new businesses from the green energy sectors
November 09, 2023
Insider moves
Sin Heng Heavy Machinery and Sarine Tech maintain respective share buybacks
Ytd, Sin Heng's share price has reached a 52-week-high but still at a big discount off its book value
October 11, 2023
Insider moves
Sarine Technologies starts buybacks; Fund raises stake in UOL Group
The sale of the hotel at Kitchener Road will lift UOL's NTA as at Dec 31, 2022 from $12.55 per share to $13.08
September 20, 2023
Broker's Calls
Sarine losing shine as demand softens, DBS downgrades to 'fully valued' with lower TP of 33 cents
The softness in diamond end markets could trickle down to the midstream, which could dampen Sarine’s revenue.
March 02, 2023
Deals, joint ventures & alliances
Sarine signs strategic cooperation agreement with Delgatto Diamond Finance Fund to enable rough diamond financing
Named Del Gatto 360, Powered by Sarine, interested parties will now be able to finance the rough diamonds they have.
January 16, 2023
M&A
Sarine signs MOU to acquire majority stake in Gem Certification & Assurance Lab
The purchase is subject to due diligence reviews, as well as reaching and executing a definitive agreement.
January 12, 2023
Insider moves
Boustead Singapore raises stake in subsidiary; Sarine Technologies continues buybacks
Since the start of FY2023, Boustead has secured around $320 million in new contracts, bringing its order book to $452 million.
December 14, 2022