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Will ST Engineering retain its 'buy'?

Zavier Ong
Zavier Ong8/15/2016 12:01 PM GMT+08  • 2 min read
Will ST Engineering retain its 'buy'?
SINGAPORE (Aug 15): UOB is placing its “buy” call for ST Engineering (STE) under review, pending further updates from an analyst briefing later on Monday.
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SINGAPORE (Aug 15): UOB is placing its “buy” call for ST Engineering (STE) under review, pending further updates from an analyst briefing later on Monday.

Overall, UOB has lowered its 2016 PBT forecast from comparable to lower.

This comes as ST Kinetics recognised $10 million in gains from the disposal of a Chinese subsidiary. Excluding that, STE’s 2Q16 earnings would have declined by 6.5% y-o-y.

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