Singapore Technologies Engineering (ST Engineering)

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 ...
Where to invest in 2018?
SINGAPORE (Dec 25): From the en bloc craze to meteoric spikes in tech stocks, 2017 has been coloured by significant asset price gains. Driven by the rally in blue chips, the Straits Times Index is up 18.5% in the year to Dec 18, a notable improvement from its 0.7% dip in 2016. With a recovery in commodity prices seemingly underway and persistent bullish sentiment in spite of geopolitical risks, ...
ST Aerospace wins 15-year contract for aircraft component support for Gulf Air
SINGAPORE (Nov 20): ST Aerospace, the aerospace arm of ST Engineering, has won a 15-year contract for Boeing 787 aircraft component support by Gulf Air. Under the agreement, ST Aerospace will provide comprehensive component Maintenance-By-the-Hour (MBH) support covering component exchange, repair, overhaul, modification, reliability monitoring and logistics services for Gulf Air’s new fleet ...
ST Aerospace wins contracts worth $530 mil in 3Q
SINGAPORE (Oct 23): ST Engineering says its aerospace arm, ST Aerospace, has secured new contracts worth about $530 million in 3Q17. The contracts included services ranging from heavy airframe and engine maintenance, component repair and overhaul to cabin retrofit. The heavy airframe maintenance contracts included long-term agreements to support a range of aircraft platforms from MD-11, ...
ST Electronics in MOU to advance aviation training in Oman
SINGAPORE (Oct 4): Singapore Technologies Electronics (ST Electronics), the electronics arm of ST Engineering, has signed a memorandum of understanding with Omani aviation training and consultancy firm Sky Seven. The companies will collaborate to promote a simulation-based learning system for the aviation industry in the Sultanate of Oman. The MOU was signed by Chan Hua Tek, executive vice ...
ST Engineering downgraded as growth runs out of firepower
SINGAPORE (Aug 14): DBS Group Research has downgraded Singapore Technologies Engineering (ST Engineering) to “hold” with a lower target price of $3.80, from “buy” with a $4.12 target previously, on the lack of near term growth momentum. “While we had previously expected the high orderbook, smart city leverage, as well as a turnaround at the Land Systems segment to help STE push past ...
ST Engineering's electronics arm reports contracts worth $464 mil in 1Q
SINGAPORE (April 18): Singapore Technologies Engineering (ST Engineering) announced Tuesday that its electronics arm has secured some $464 million worth of contracts in the first quarter of 2017. ST Electronics’ Advanced Electronics & Information Communications Technologies (ICT) solutions segment won contracts worth about $318 million. To be completed progressively till 2023, these ...
ST Engineering awarded MINDEF contract for Next Generation Armoured Fighting Vehicle
SINGAPORE (March 22): ST Engineering's land systems arm, ST Kinetics, has been awarded a contract by the Singapore Ministry of Defence (MINDEF) for the production and supply of the Next Generation Armoured Fighting Vehicle (AFV). The new AFV will replace the ageing ULTRA M113 AFV, which has been in service since the early 70s, MINDEF said in a press release on Wednesday. The 29-tonne tank, ...
5 large cap alpha stock picks by CIMB to survive a ‘rocky’ 2017
SINGAPORE (Dec 7): CIMB says uncertainty is the new name of the game in 2017 on the back of upcoming events. These include an expected US Fed rate hike, the Brexit Article 50 trigger timeline, Donald Trump’s presidency, multiple elections in Europe, and whether OPEC remains committed to its production cuts. “The path to a new status quo is likely to be a rocky one,” says CIMB analyst ...