Singapore Stock Market News
Sarine Tech - Warns of 3Q loss
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Publish date: Tue, 06 Oct 2015, 02:46 PM
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■ Warns of operating loss of US$1.5m in 3Q15. Expects subdued 4Q15 due to Diwali holiday in India.
■ FY15 a write-off year. Expects pick-up in FY16 as new products will be launched in 4Q15.
■ Expects further improvement in industry conditions in FY16.
■ Risk of no dividend or a lower dividend when FY15 results are announced. We currently assume a DPS of 1.5 UScts when FY15 results are announced.
■ Need to wait till 1Q16 results to have better sense of earnings normalisation.
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