Singapore’s manufacturing output up by 17.9% in November - THE EDGE SINGAPORE

Singapore economy

Singapore’s manufacturing output up by 17.9% in November

Singapore’s manufacturing output expanded by 17.9% y-o-y in November 2020, according to figures released by EDB Singapore on Dec 24.


ST Engineering reports contract wins worth more than $1.6 bil for aerospace, electronics arms in 1Q

SINGAPORE (Apr 20): Singapore Technologies Engineering (ST Engineering) has announced new contracts worth about $1.6 billion won by its aerospace and electronics sectors in 1Q2020.

Aviation & Engineering

United Technologies, Raytheon to combine as defense giant

NEW YORK (June 10): United Technologies Corp. agreed to buy Raytheon Co.

Deals, joint ventures & alliances

ST Engineering expands MRO presence to Vietnam with $5.3 mil JVCo

SINGAPORE (June 6): ST Engineering’s Aerospace unit and Vietnam Airlines Engineering Company (VAECO), a subsidiary of Vietnam Airlines, have formed a 49:51 joint venture (JV) entity in Vietnam foll

Broker's Calls

ST Engineering to see a revival of profit growth in the near term: RHB

SINGAPORE (Jan 15): RHB is maintaining its “buy” call on ST Engineering (STE) with a $3.97 target price, which implies 4% yield.

Aviation & Engineering

ST Engineering partners City of Pensacola to build $290 mil MRO complex in the US

SINGAPORE (Oct 29): ST Engineering has agreed to jointly develop a 655,000 sf airframe maintenance, repair and overhaul (MRO) complex at the Pensacola International Airport as part of the group’s c


ST Engineering wins $590 mil of aerospace contracts in 3Q

SINGAPORE (Oct 15): ST Engineering’s aerospace business sector has secured new contracts totalling $590 million in value in 3Q18 for services ranging from airframe, engine and component maintenance

Global Markets

Global institutional investors brace for volatlity, asset bubbles in 2018: Natixis

SINGAPORE (Dec 7): As allocations to passive strategies register a decline for the third consecutive year, institutional investors are preparing for volatility, asset bubbles and fragile markets ah

Broker's Calls

ST Engineering kept at 'hold' as marine sector continues to drag on prospects

SINGAPORE (Nov 10): OCBC Investment Research is maintaining its “hold” call on Singapore Technologies Engineering with a fair value estimate of $3.41 following the group’s latest announcement of it

Broker's Calls

Long-term growth prospects remain intact for ST Engineering

SINGAPORE (May 15): UOB Kay Hian has downgraded ST Engineering from “buy” to “hold” even as it raised its target price to $3.90 from $3.70 previously.