Singapore Technologies Engineering (ST Engineering)

ST Engineering's aerospace arm secures $450 mil worth of contracts in 4Q18
SINGAPORE (Jan 15): ST Engineering announced that its aerospace arm has secured about $450 million worth of new contracts in 4Q18 for services including maintenance and modification for wide-ranging aircraft parts from the airframe to components. This bring the total worth of new contracts secured in FY18 to $2.06 billion. During the quarter, a number of new contracts secured were for ...
Singapore's transport sector is stuck in a jam: DBS
SINGAPORE (Dec 21): DBS has a “neutral” rating on Singapore’s transport sector in 2019, with hopes that a better-than-expected economic growth and activity globally would help improve demand volume and pricing for the transport sector. This in turn should help improve ROEs, which have been under pressure for the past few years. The research house has ComfortDelGro and ST Engineering ...
9 undervalued stocks to watch in the MSCI Singapore Index: KGI
SINGAPORE (Dec 18): KGI Securities has highlighted nine stocks in the MSCI Singapore Index that are currently undervalued, even as they each offer a FY18 dividend yield of more than 3.5%. According to KGI, the nine stocks – ComfortDelGro Corporation, United Overseas Bank (UOB), Keppel Corporation, Singapore Technologies Engineering (ST Engineering), Singapore Exchange (SGX), Oversea-Chinese ...
Looking beyond quarterly fluctuations in ST Engineering's growth story
SINGAPORE (Nov 17): ST Engineering’s latest third-quarter results have shown improvements in profitability in three of its four key business units of aerospace, electronics, land systems and marine. In addition to the main four, there is an “others” unit, which lumps together shared services, new ventures and other related activities. It reported a loss of $7.3 million. ST ...
Analysts keep ST Engineering at 'buy' on strong order book; potential earnings upgrade
SINGAPORE (Nov 15): OCBC Investment Research and RHB Research are maintaining ST Engineering at “buy” with target prices of $3.95 and $3.97 respectively. ST Engineering reported a 1% y-o-y rise in revenue to $1.6 billion and a 5.3% increase in net profit to $134.6 million in 3Q18, bringing 9M18 net profit to $369.8 million. Both revenue and net profit for aerospace grew 13% y-o-y to ...
ST Engineering posts 5% increase in 3Q earnings to $135 mil
SINGAPORE (Nov 14): ST Engineering reported a 5.3% increase in 3Q18 earnings to $134.6 million, compared to $127.8 million in 3Q17. This brings 9M18 earnings to $369.8 million, 10.5% higher than $334.5 million in 9M17. During the quarter, revenue rose 1% to $1.63 billion from $1.61 billion last year, mainly due to higher contributions from the group’s Aerospace and Electronics sector, but ...
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, to engine wash. A number of the contracts are multi-year agreements, including a four-year ATR 72 landing gear overhaul agreement from an Asian airline; a five-year contract extension to maintain ...
ST Engineering reports 10% rise in 2Q earnings to $117.5 mil
SINGAPORE (Aug 9): Singapore Technologies Engineering (ST Engineering) saw its earnings grow 10% to $117.5 million for the 2Q ended June, from $106.8 million a year ago. This was largely attributable to higher profitability from the Aerospace and Electronics sectors, which saw 2Q18 net profit rise by 26% and 22%, respectively. The improved performance from Aerospace was largely due to the ...
Sky's the limit for ST Engineering
SINGAPORE (Jan 18): CIMB is maintaining its “add” recommendation on ST Engineering with a target price of $3.85. This came on the back of the group announcing on Wednesday that its aerospace arm secured $510 million in new contracts for 4Q17, bringing FY17 contract wins to $2.8 billion, an 8% increase y-o-y. See: ST Engineering's aerospace arm secures $510 mil in contracts for ...
ST Engineering's aerospace arm secures $510 mil in contracts for 4Q17
SINGAPORE (Jan 17): ST Engineering says its aerospace arm, ST Aerospace, has secured new contracts worth about $510 million in 4Q17, which brings the total to $2.8 billion for FY17. The contracts are for ST Aerospace’s services that range from maintenance and landing gears repair to pilot training. The airframe maintenance contracts include multi-year agreements to provide A- and C-checks ...