Sarine Technologies

[holymage]

Maybe some scuttlebutt at the jewelers would help understanding the market's desire.

[cyclone]

Sarine Technologies Preliminary Update for Q3 2019

Current indications are that our revenues for the third quarter will be some 20% better than those of the second quarter, approximately US$14 million. Our expenses continue to be restrained, with sequential slight reductions in research and development and general and administrative expenses, the latter due to our having concluded the current trial phase of our IP litigation in India, offset by a slight increase in sales and marketing, as we continue to leverage the increased interest in our various offerings for polished diamond retail sales, primarily the Sarine LightTM and Sarine JourneyTM. We thus expect that we will record a nominal net profit this quarter. The full report of our financials for Q3 2019 is expected to be released on 10 November 2019.

More details in https://links.sgx.com/FileOpen/Press%20R...eID=582148

[crabcrab]

Sarine Tech ($0.325) - The worst may be over for Sarine Tech. Seems it’s heavily research investment may hv finally reaped fruits with recent collaboration announcements with Tiffany & Co and the world largest raw diamonds producer.

7 Nov 2019 - ALROSA Enhances Clients Experience by Implementing Sarine’s Digital Technologies for Their Rough Diamond Trade
https://links.sgx.com/FileOpen/Press%20R...eID=584901

29 Oct 2019 - Sarine to Adapt Automated 4Cs Grading to Tiffany & Co. Requirements
https://links.sgx.com/FileOpen/Press%20R...eID=583469

[crabcrab]

Sarine Tech ($0.375) - Release of Q3 19 results. In line with expectation, however notably prospect looks good and demand for their new products seems encouraging.

https://links.sgx.com/FileOpen/Press%20R...Nov19.ashx?

https://links.sgx.com/FileOpen/Appendix%...eID=585124

[¯|_(ツ)_/¯]

Sarine Technologies
Response to SGX Query
The following may have contributed to the trading witnessed on the date in question and, in fact, to that of the entire preceding week:

a. On 07 January 2021 the Company announced on the SGXNet that its Digital Tenders technology was continuing to gain significant traction and was evolving as the preferred platform for rough trading online.

b. On 14 January 2021 the Company participated in the 23rd Annual Needham Virtual Growth Conference in New York, as was previously announced on the SGXNet on 22 December 2020. At said conference a presentation was used, which was duly posted on the SGXNet on 06 January 2021. In said presentation we presented various business updates, including the significant recovery of the midstream manufacturing sector in Q4 2020, as evidenced by scanning of diamonds through our systems on a pay-per-carat basis at a run rate which, if continued into 2021, would represent 50% growth over 2019. We also reiterated old information on our potential growth drivers going forward and the market segments and sizes they address.

c. On 19 January 2021 there were various announcements, also quoted on Bloomberg and RapNet amongst others, relating to the fact that DeBeers and Alrosa, the suppliers of roughly 75% of the global supply in rough diamonds, are raising rough diamond prices by 5-8% due to the "diamond industry recovering after complete freeze last year".

d. There have also been multiple public announcements by various significant companies in the diamond industry, particularly leading players in the retail segment, such as Tiffany & Co. and Chow Tai Fook, pertaining to positive developments in the fourth quarter holiday season of 2020 (e.g., Chow Tai Fook's 18% increase in sales y-o-y) and expectations for a positive Chinese New Year buying period during the first quarter of 2021. Similar announcements related to the significant reduction of inventories of polished diamonds as a result of these robust retail sales. All these seemingly bolster the understanding that there are positive developments in the basic market demand and supply parameters, which serve as the underpinning for a recovery in the midstream polishing sector, from whence we derive over 90% of our revenues

e. Local news media in Surat, India, reported on Friday, 22 January 2021, that on the preceding day, 21 January 2021, the Indian tax authorities executed a raid on Diyora Bhanderi Company (DBC), the entity we allege is infringing our patent/copyright protected technologies (hardware and software) for the internal inclusion scanning of rough diamonds. This may have come to some investors' attention.
https://links.sgx.com/FileOpen/Response%...eID=645983

Stay home and stay healthy, everyone.

[¯|_(ツ)_/¯]

Sarine Tech @ 74
Sarine’s Dual Listing on Tel-Aviv Stock Exchange Approved - Trading to Start on 5 July 2021 under the symbol SARN.
https://links.sgx.com/FileOpen/Press%20R...eID=672546

Stay home and stay safe, everyone.

[¯|_(ツ)_/¯]

Sarine@75
1HFY2021 Result with US1.5cents dividend:
https://links.sgx.com/FileOpen/Appendix%...eID=677369


https://drive.google.com/open?id=10rA4KE...C0oNp3Idbq

Stay home and stay safe, everyone.

[¯|_(ツ)_/¯]

Sarine@82
https://links.sgx.com/FileOpen/Announcem...eID=677828
Div declared subject to 20% withholding tax.
Shareholders need to declare citizenship for reduced tax.


https://drive.google.com/open?id=14QaWyo...2VujH-ST6L

Stay home and stay safe, everyone.

[weii]

May I know what is the applicable withholding tax rate for Singaporeans who invest in Sarine if we submit the application for withholding tax refund?

[ghchua]

May I know what is the applicable withholding tax rate for Singaporeans who invest in Sarine if we submit the application for withholding tax refund?

It will be 10% if you hold less than 10% of the company.