ST Engineering

[winston]

Not vested

Singapore Technologies Eng ST: below its lower Bollinger band <STEG.SI>

Click here to see our chart:
http://www.tradingcentral.com/chart/STE ... 012851.gif

Our pivot point stands at 3.21.

Our preference: the downside prevails as long as 3.21 is resistance.

Alternative scenario: above 3.21, look for 3.28 and 3.32.

Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look forbullish divergence in this case).

The MACD is below its signal line andnegative. The configuration is negative. Moreover, the stock is trading underboth its 20 and 50 day MA (standing respectively at 3.22 and 3.23).
Finally,Singapore Technologies Eng has penetrated its lower daily Bollinger band (3.13).

Supports and resistances: 3.28 *3.21 ** 3.18 3.12 last 3.03 2.99 **2.94 *


Source: Reuters

[winston]

Not vested

RESEARCH ALERT-OCBC raises ST Engineering to "buy", ups price

SINGAPORE, Sept 20 (Reuters) - OCBC Investment Research has upgraded its rating for Singapore Technologies Engineering , the world's largest aircraft repair firm, to "buy" from "hold" and raised its target price to S$3.66 from S$3.28.

OCBC Investment Research said it has raised its forecasts for ST Engineering's 2010-11 financial years to factor in its more optimistic view about the firm.

The brokerage said ST Engineering has been replenishing its order book with new contracts since its second quarter results, signalling the firm's strong market position and ability to deliver reliable solutions.

OCBC also said that ST Engineering may benefit from the return of capacity to the passenger and freight markets, noting that 11.9 percent of capacity has been added to the air freight market in July.

Shares of ST Engineering were down 0.6 percent to S$3.30 at 0111 GMT, with 122,000 shares changing hands. However, the stock has risen 1.5 percent so far this year.


Source: Reuters

[winston]

Not vested

RESEARCH ALERT-Phillip ups ST Engineering target to S$3.69

SINGAPORE, Sept 21 (Reuters) - Phillip Securities has raised its target price for Singapore Technologies Engineering to S$3.69 from S$3.64 and kept its "buy" rating.

The total value of contracts announced by ST Engineering so far this year, S$2.27 billion, has surpassed that of the whole of 2009, Phillip said.

"Under the current low interest rate environment, we believe that ST Engineering offers healthy earnings yield at the current price," said the broker in a report.

It added that a rebound for the global aerospace industry would be positive for ST Engineering.

Shares of ST Engineering have risen 1.2 percent so far this year to S$3.29 on Monday.


Source: Reuters

[winston]

Not vested

Singapore Technologies Eng ST: the upside prevails as long as 3.21 is support <STEG.SI>

Click here to see our chart:
http://www.tradingcentral.com/chart/STE ... 020418.gif

3.21 is our pivot point.

Our preference: the upside prevails as long as 3.21 is support.

Alternative scenario: the downside breakout of 3.21 would call for 3.15 and 3.11.

Comment: the RSI is above 50. The MACD is above its signal line and positive.

The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (standing respectively at 3.26 and 3.23). Singapore Technologies Eng is currently trading near its 52 week high reached at 3.34 on 05/07/10.

Supports and resistances: 3.46 *3.43 **3.39 3.29 last 3.23 3.21 **3.15 *

Source: Reuters

[winston]

Not vested

Singapore Technologies Engineering may be in focus after it said on Tuesday its unit has been awarded a contract to buy aircraft and equipment worth S$543 million ($411.4 million).

Source: Reuters

[winston]

Not vested.

PE 23; No EPS Growth ?

From Kim Eng:-

ST Engineering (STE SP, $3.37, HOLD, TP $3.15)

With the US dollar at an all‐time low, we reiterate that the weak currency is negative for ST Engineering’s earnings.

The recovery of the aerospace market has also been relatively muted. Its latest contract to supply trainer aircraft and ground solutions to the Singapore air force for $543m is expected to have thinner margins due to the high equipment content.

With STE’s dividend yield still attractive at 3.9%, we reiterate our HOLD recommendation and target price of $3.15.

http://www.remisiers.org/cms_images/SSU30092010KE.pdf

[winston]

Not vested

Singapore Technologies Eng ST: the upside prevails as long as 3.32 is support <STEG.SI>

Click here to see our chart:
http://www.tradingcentral.com/chart/STE ... 020349.gif

Our pivot point stands at 3.32.

Our preference: the upside prevails as long as 3.32 is support.

Alternative scenario: the downside breakout of 3.32 would call for 3.26 and 3.22.

Comment: the RSI is above 50. The MACD is positive and above its signal line.

The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (standing respectively at 3.32 and 3.25). SingaporeTechnologies Eng is currently trading near its 52 week high reached at 3.43 on 30/09/10.

Supports and resistances: 3.56 *3.53 **3.49 3.4 last 3.35 3.32 **3.26 *


Source: Reuters

[winston]

Not vested

Singapore Technologies Engineering said on Monday its aerospace arm secured about S$370 million ($287.7 million) worth of new airframe heavy maintenance contracts in the third quarter of 2010.


Source: Reuters

[winston]

Not vested

Singapore Technologies Engineering, the city-state's main defence contractor, posted on Tuesday an 8.3 percent rise in third-quarter net profit, helped by higher earnings from its electronics and marine units.


Source: Reuters

[winston]

Not vested

RESEARCH ALERT-UOB ups ST Engineering target to S$3.20

SINGAPORE, Nov 10 (Reuters) - UOB Kay Hian has raised its target price for defence contractor Singapore Technologies Engineering to S$3.20 from S$2.98 and kept its "hold" rating.

STATEMENT: UOB has raised its 2010 net profit estimate for ST Engineering by 5.4 percent after the firm reported its third quarter net profit rose eight percent.

ST Engineering reported its net profit for the July-September period was S$130.2 million, up from S$120.3 million a year ago, helped by higher earnings from its electronics and marine units.

[ID:nSGE6A80JX] UOB noted that ST Engineering is likely to see minimal impact from the weaker U.S. dollar as it is negotiating with customers to price contracts in Singapore dollars.

ST Engineering shares fell 0.58 percent to S$3.45 at 0328 GMT but have gained 6.2 percent so far this year.

Source: Reuters

Source: Reuters