Singapore Stock Market News

Sarine Technologies Ltd - Litmus test in FY16

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Publish date: Wed, 11 Nov 2015, 12:17 PM
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■ 3Q15's net loss was 47% lower than expected as operating expenses fell 50% yoy.

■ 50% of 9M15's sales was from recurring business. We expect gross margin to pick up once sales return (3Q15's gross margin was 63.2%).

■ Continues to execute as planned on new product and services introduction.

■ Still maintaining a net cash balance sheet.

Re-rating possible in 1H16 if industry conditions normalise.
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