ST Engineering

[millionairemind]

July 6, 2009, 3.46 pm (Singapore time)

ST Engineering aims to issue US$1.2b notes

SINGAPORE - Singapore Technologies Engineering (STE) said on Monday it aims to raise US$1.2 billion worth of medium term notes in various currencies to fund future investments, including acquisitions and debt refinancing. The engineering conglomerate, 49-per cent owned by state investor Temasek Holdings, did not specify the timeframe for the issuance of the notes or details of the spending in its statement.

Its wholly-owned subsidiary, ST Engineering Financial I Ltd (STEF-1) will be the entity to issue the notes, which will be 'unconditionally and irrevocably guaranteed by ST Engineering'.

STE said last month it aimed to increase its order book in 2009 as it hoped to secure projects in China, Europe and Middle East. -- REUTERS

[millionairemind]

July 10, 2009, 7.43 am (Singapore time)

ST Engineering to issue US$500m notes

SINGAPORE - Singapore Technologies Engineering said on Friday it will, through a wholly-owned unit, issue US$500 million worth of notes that will mature in 2019.

The notes, which carry a coupon of 4.8 per cent, come under its US$1.2 billion Multicurrency Medium Term Note Programme that was set up earlier this month.

ST Engineering is a unit of Singapore state investor Temasek Holdings. -- REUTERS

[winston]

SINGAPORE TECHNOLOGIES ENGINEERING - JP Morgan raised the target price for ST Engineering to S$2.05 from S$1.80, but maintained its underweight rating as the brokerage expected the stocks to continue underperforming the overall market.

ST Engineering, also the world's largest aircraft repair firm, posted on Tuesday a smaller-than expected 9 percent fall in second quarter net profit, and said it expects a better second half.

Source: Reuters

[Aspellian]

SINGAPORE TECHNOLOGIES ENGINEERING - JP Morgan raised the target price for ST Engineering to S$2.05 from S$1.80, but maintained its underweight rating as the brokerage expected the stocks to continue underperforming the overall market.

ST Engineering, also the world's largest aircraft repair firm, posted on Tuesday a smaller-than expected 9 percent fall in second quarter net profit, and said it expects a better second half.

ST Engineering just like SPH is a super low Beta / defensive stock - just consistently earning and no major losses/surprises and doesnt gyrate with market with wild swings.
personally i wont touch such stocks - prefer high growth with high potential.

[Musicwhiz]

STEng is majority owned by Temasek Holdings, so I guess they have good "backing". It will always be a bellweather blue chip stock which provides decent yield, but capital appreciation may not be overtly obvious.

Thus, I would say it's probably a company more suitable to be owned by retirees (who cannot afford to risk their capital on high-growth companies) or people with a generally-lower risk appetite.

[Aspellian]

Agree - companies like SPH, ST Engineering, SPH, SMRT, Comfort Delgro, VICOM, can prob be a true-blue "buy-and-hold" company if you buy during a bear market. the dividends will be fat-fat for years to come and highly sustainable!

[winston]

RESEARCH ALERT-Nomura upgrades ST Engineering to 'Buy'

SINGAPORE, Oct 2 (Reuters) - Nomura upgraded on Friday its recommendation on Singapore Technologies Engineering , the world's largest aircraft repair firm, to "Buy" from "Neutral", on optimism about its aerospace business in the second half.

Nomura, which also raised the target price for ST Engineering shares to S$3.22 ($2.28) from S$2.72, said in a research report that the recovery in the aerospace business was expected to continue more firmly into next year.

Source: Harry Suhartono, Reuters

[winston]

Not vested. From DBS:-

ST Engineering has won S$710m 5-yr contract from the US Army. This contract will further boost the performance of the Land Systems sector in FY10 and FY11. STE is a laggard stock, its current 9% valuation premium to STI is much lower than historical premiums of 40%. Upgrade to BUY, TP revised up to S$3.10 (Prev S$ 2.60).

[kennynah]

oh...this company is still around ah....

[Aspellian]

oh...this company is still around ah....

it will be around for as long as there's man.

man likes to compete, fight and conquer. either you fight to conquer or you fight to preserve.

what will happen when world's population keeps on expanding - when there's limited resources and limited land, water and space...

i hope that day will never come.