Following its 1H20 results posted on August 14, analysts are mixed on the prospects of Singapore Technologies Engineering (ST Engineering) mainly due to the hit the group took in its aerospace segment.

CGS-CIMB Research analyst Lim Siew Khee said ST Engineering’s 1H20 net profit of $257 million was in line with estimates, at 51% of her FY20 forecast. The group also maintained its interim distribution per share (DPS) of 5 cents, which is a “good sign” as Singapore corporates have cut their dividends for the period.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook