ST Engineering

ST Engineering powers ahead on synergies across divisions

SINGAPORE (Nov 15): ST Engineering has often claimed that its business units are synergistic across the board.

The Temasek-owned conglomerate, which has interests in the aerospace, electronics, land systems and marine sectors, has maintained that the various divisions are able to tap on each other’s expertise.

A common example often cited is how its aerospace and marine arms could tap on its electronics division’s data analytics and Internet of Things (IoT) solutions for their repair and building work.

ST Engineering Aerospace moves up value chain with MRAS acquisition

SINGAPORE (Nov 18): ST Engineering sees its aerospace arm’s acquisition of US-based nacelle manufacturer Middle River Aerostructure Systems (MRAS) as a key step in its move to go upstream in the aerospace value chain.

ST Engineering Aerospace has a formidable reputation as a maintenance, repair and overhaul (MRO) player, but as competition in the market stiffens, it is trying to gain a foothold in the original equipment manufacturer (OEM) space.

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ST Engineering sees 3Q earnings edge up 3% as most divisions face drag

SINGAPORE (Nov 11): ST Engineering’s 3QFY2019 results ended Sept 30 saw revenue up 27% to $2.07 billion as all divisions posted revenue increases across the board.

However, earnings grew just 3% to $139.1 million, dragged by most divisions except for aerospace and others, which posted y-o-y increases.

Revenue for the aerospace division saw the biggest increase, up 53% to $1.1 billion, driven by the new income stream from the MRAS acquisition and revenue recognised from various end-of-life programmes.

ST Engineering expected to soar above peers with latest acquisitions

SINGAPORE (Oct 14): Analysts are bullish on ST Engineering on the back of future trends of its satcom business and recent acquisitions, which are expected to contribute positively to this segment’s growth.

To recap, the group on Sept 17 announced that its US subsidiary iDirect Government has acquired 100% ownership in Glowlink Communications Technology for a consideration of US$20 million ($28 million).

ST Engineering's strategic growth plan means more acquisitions, higher dividends: Maybank

SINGAPORE (Oct 9): Maybank Kim Eng Research is upgrading ST Engineering (STE) to a “buy” recommendation, from “hold” previously, and raising its target price by 4.7% to $4.50.

The technology, defence and engineering conglomerate has seen its share price slide more than 9% since closing at a multi-year peak of $4.32 at the end of July. But Maybank analyst Neel Sinha believes the recent de-rating has been “unwarranted”.

According to the analyst, the group’s various strategic and growth initiatives appear to be on track.

Watch out for these high yielding blue chip stocks

SINGAPORE (Oct 7): Property group Hongkong Land has climbed into KGI Securities' high dividend watchlist after a recent sell-off, as the research house made "key changes" to its watchlist.

“[Hongkong Land’s] current price is too cheap to ignore,” says analyst Joel Ng in a report on Monday. “HKL offers a 4.1% forward dividend yield and trades at a massive 66% discount to its book value, the cheapest valuation it has traded at in more than 10 years.”

 

ST Engineering boosts satcom anti-jamming capabilities with $28 mil acquisition

SINGAPORE (Sept 17): ST Engineering is adding satellite communications (satcom) anti-jamming capabilities to its growing arsenal of defence technology.

Its US subsidiary iDirect Government has acquired 100% ownership in Glowlink Communications Technology, Inc.

Based in Mountain View, California, the United States, Glowlink delivers innovative solutions that mitigate satellite interferences and improve the quality of satcom.

The aggregate purchase consideration was US$20 million ($28 million) on a cash-free and debt-free basis.

Sentosa autonomous shuttle trial to start from Aug 26 to Nov 15

SINGAPORE (Aug 20): Singapore’s first on-demand autonomous shuttle public trial at Sentosa was officially launched today.

The public trial will run from Aug 26 to Nov 15 this year and will see four autonomous vehicles (AVs) – two minibuses and two smaller shuttles – deployed for the trial.

Air New Zealand teams up with ST Engineering to trial use of drones for aircraft inspection

SINGAPORE (June 17): Air New Zealand will use drones to carry out inspection checks of its aircraft when they undergo heavy maintenance checks at its facility near Changi Airport – with some help from ST Engineering’s Aerospace.

DroScan, an unmanned drone system developed by ST Engineering, will deploy a drone take a planned route around the outside of an aircraft to inspect its surface and produce high definition images.

Singapore offers buffet of attractive yield plays amid the easing policy environment, says UOB

SINGAPORE (April 1): UOB Kay Hian is recommending a wide variety of yield plays offered by Singapore ranging from aviation and banks, to developers and REITs as central banks around the world continue to ease their monetary policies.   

In a particular, the research house is expecting dovish dispositions at both the Federal Reserve (Fed) and the European Central Bank (ECB) to rekindle general investor interest in yield plays, as an abundance of liquidity make their recurrent dividends more attractive.

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