Home Billion-dollar-club Billion Dollar Club 2020

ST Engineering tops sector again, reorganises for better agility in capturing new growth

The Edge Singapore
The Edge Singapore12/11/2020 07:00 AM GMT+08  • 3 min read
ST Engineering tops sector again, reorganises for better agility in capturing new growth
Singapore Technologies Engineering, a regular top winner at the Billion Dollar Club, has made its mark again.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Singapore Technologies Engineering, a regular top winner at the Billion Dollar Club, has made its mark again. The engineering conglomerate has been named top for weighted return on equity, as well as overall sector winner for the category. Yangzijiang Shipbuilding (Holdings), meanwhile, is the sector winner for growth in profit after tax, and Sri Trang Agro-Industry Public Company was top for returns to shareholders.

ST Engineering can be divided into four major operating units: aerospace, electronics, land systems and marine sectors, and each unit generates its fair share of both military and commercial contracts.

In recent years, it has been pushing actively into smart city projects requiring capabilities in smart mobility, smart security and smart environment solutions, with more than 700 such contracts across 130 cities to date. The company has a total headcount of around 23,000 — the majority is in engineering — in more than 40 cities in around 20 countries from Asia and Europe to the US and the Middle East.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.