ST Engineering

Re: ST Engineering

Postby winston » Thu Mar 22, 2012 8:50 am

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ST Engineering's land systems arm, ST Kinetics, said an Indian court has asked the firm to file a fresh legal challenge against the decision by the Ministry of Defence to bar it from business dealings with Ordinance Factory Board.

ST Kinetics said it intends to clear its name and defend its reputation.

Source: Reuters
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Re: ST Engineering

Postby winston » Tue Apr 10, 2012 8:44 am

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Singapore Technologies Engineering Ltd may be in focus after announcing its marine arm had won a contract worth about S$880 million ($699 million) to design and build four patrol vessels for Oman's navy.

Source: Reuters
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Re: ST Engineering

Postby winston » Thu May 10, 2012 3:12 pm

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ST Engineering up after results Shares of Singapore Technologies Engineering Ltd (ST Engineering) gained as much as 2.7 percent after the company reported a 21 percent rise in quarterly profit.

"Our confidence in STE's earnings growth remains despite a choppy global outlook, thanks to its impressive S$1.8 billion orders year to date," brokerage CIMB said in a report and retained its outperforming rating with a S$3.49 price target.

ST Engineering shares were up 2.4 percent at S$3.04 in a broader market <.FTSTI> down 0.3 percent. The shares have risen around 13 percent so far this year, outperforming the market.

"ST Engineering has a solid business model underpinned by defence contracts, with earnings visibility continually provided by its growing orderbook," Maybank Kim Eng Research said and maintained its buy rating and a price target of S$3.60.

Source: Reuters
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Re: ST Engineering

Postby winston » Thu Jul 12, 2012 1:25 pm

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NEWS SINGAPORE-UOB ups ST Engineering target price

UOB Kay Hian raised its target price for Singapore Technologies Engineering to S$3.78 from S$3.34 and kept its 'buy' rating, citing continued order wins.

By 0425 GMT, ST Engineering shares were 1.8 percent lower at S$3.21 and have gained 19.3 percent since the start of the year, compared to the Straits Times Index's <.FTSTI> 12.5 percent rise.

In the second quarter, ST Engineering secured S$1.5 billion worth of new contracts, 100 percent higher than the previous quarter, suggesting its order book in April-June will likely surpass S$12.3 billion, which was achieved at end-2011.

Despite this, ST Engineering is trading at 0.81 times its orderbook, a discount to its 5-year average of 0.88 times, said UOB.


Source: Dow Jones Newswire
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Re: ST Engineering

Postby winston » Thu Nov 08, 2012 8:25 am

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ST Engineering said its third quarter net profit rose 9 percent from a year ago to S$146.4 million, helped by strong earnings from its land systems sector.

Source: Reuters
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Re: ST Engineering

Postby winston » Sun Feb 17, 2013 5:51 am

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ST Engineering's net profit climbs 9% By Lee Meixian

ST Engineering on Friday posted a 9 per cent increase in profit attributable to shareholders of S$576.2 million for the full year ended Dec 31, 2012.

It did not provide separate figures for its fourth quarter.

Full-year revenue climbed 6 per cent over FY2011 to S$6.4 billion, as all sectors reported higher revenue except for its land systems sector which registered comparable revenue.

The fourth quarter saw group revenue increase 12 per cent quarter-on-quarter to S$1.7 billion, as revenue contribution from all sectors rose between 6 per cent and 28 per cent, it said.


Source: Business Times
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Re: ST Engineering

Postby winston » Mon Feb 18, 2013 8:26 am

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ST Engineering said on Friday the total dividend for the full year rose 8 percent to 16.8 Singapore cents per share compared to a year earlier, helped by broad-based growth in revenue in all sectors.

Source: Reuters
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Re: ST Engineering

Postby winston » Fri May 13, 2016 9:16 am

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ST Engineering: Headwinds in 1Q16 earnings

Singapore Technologies Engineering (STE) reported its 1Q16 results this morning.

Revenue of S$1,627.1m (+8% YoY) was in line with our forecast (meeting 25% of FY16 estimate);

STE saw higher revenue from Aerospace (+27%) and Electronics (+28%), but mitigated by lower revenue from Land Systems (-18%) and Marine (-24%).

However, PBT slipped 13% to S$130.4m and PATMI dropped 15% to S$110.2m, both meeting 21% of our full-year forecasts, hence slightly weaker than expected;

PBT for Aerospace was comparable and Electronics +13%, but Land Systems dropped 28% and Marine tumbled 85%.

Nevertheless, management has kept its FY16 guidance unchanged, with revenue likely to be higher and PBT to be comparable to FY15; this likely supported by its healthy S$11.5b order book and cash balance of S$1.5b.

We will have more after the analyst briefing later. For now, we keep our HOLD rating but place our S$3.24 FV under review.

Source: OCBC
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Re: ST Engineering

Postby winston » Sat Nov 19, 2016 12:06 pm

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ST Engineering

, as about 25% of the company’s revenue accrues from the US.

The engineering unit of ST Corporation would benefit from foreign exchange (forex) gains as every 1% rise in the US$ against the Singapore dollar would lead to about a $1 million increase in profit before tax, says Chow.

Lower US corporate tax rates will also translate into more savings for the company, he adds.

Source: The Edge
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Re: ST Engineering

Postby behappyalways » Thu Feb 16, 2017 6:16 pm

ST Engineering's FY16 earnings dip 8% to $484.5 mil on one-off charge
http://sgx.i3investor.com/servlets/fdnews/66364.jsp
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