ST Engineering

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.

ST Engineering acquires satcom company Newtec for $383 mil

SINGAPORE (Mar 28): ST Engineering is acquiring Newtec Group NV, a Belgium-based satellite communications (satcom) company, for 250 million euros ($383 million).

In a Wednesday filing, ST Engineering says the acquisition is complementary and synergistic as it currently offers a suite of satcom solutions to provide seamless global network and bandwidth management with end-to-end integration that addresses the growing needs of enterprise, government, mobility and defence market globally.

ST Engineering partners BYD for new autonomous bus platform

SINGAPORE (Mar 21): ST Engineering has signed a memorandum of understanding (MoU) with BYD to include the Chinese automobile manufacturer’s electric buses in its Land Systems arm’s portfolio of autonomous bus platforms.

This comes as part of ST Engineering’s plans to form a consortium, in response to the Land Transport Authority (LTA) and the Singapore Economic Development Board (EDB)’s call for collaboration (CFC) for a pilot deployment of autonomous buses in Punggol, Tengah and the Jurong Innovation District. 

Despite FY18 earnings miss, ST Engineering still on the right track for future growth

SINGAPORE (Feb 22): Analysts are maintaining a positive stance on ST Engineering, despite a drop in the group’s 4Q18 and FY18 earnings.

ST Engineering recorded a 26% y-o-y drop in its 4Q18 earnings to $124.5 million, bringing FY18 earnings to $494.2 million, 2% lower y-o-y.

Revenue for the quarter was 5% higher y-o-y at $1.77 billion, while profit before tax dropped 7% y-o-y to $160.5 million.

See: ST Engineering reports 2% fall in FY18 earnings to $494 mil

ST Engineering and DSO set up JV for satellite analytics and new space technologies

SINGAPORE (Feb 14): ST Engineering’s electronics arm has signed an agreement with DSO National Laboratories (DSO), Singapore’s national defence research and development (R&D) organisation, to set up a joint venture company.

The JVCo, to be named ST Engineering Geo-Insights, will offer analytics, information products and value-added services based on satellite imagery to address growing global demand for timely insights that enable better and faster business decisions.

SATS, ST Engineering named UOB's top aviation picks this earnings season

SINGAPORE (Jan 31): UOB Kay Hian is maintaining “overweight” on Singapore’s aviation sector with expectations of Singapore Airlines and ST Engineering to surprise on the downside in the ongoing earnings reporting season.

The research house’s top picks are SATS and ST Engineering, both of which are rated “buy” with the respective price targets of $5.60 and $4.06.

3 defensive plays to tide investors over a volatile 2019: RHB

SINGAPORE (Jan 23): RHB Research has an “overweight” rating on banks for the sector’s strong growth and high yields; the consumer and industrial space as defensive sector picks; as well as REITs that are beneficiaries of improving economic activity, and/or with strong balance sheets.

ST Engineering's electronics arm secures $351 mil contract wins in 4Q18

SINGAPORE (Jan 21): ST Engineering announced that its electronics arm has secured $351 million worth of contracts in 4Q18, bringing the total amount of contract wins in 2018 to $2.19 billion.

These contracts were for its solutions in mobility, satellite communications, Internet of Things (IoT), and cybersecurity, as well as defence.

The group secured contracts to supply a Passenger Information System for Shanghai Metro Line 14, and Platform Screen Doors for Bangkok’s MRT line.

ST Engineering's marine arm secures $560 mil new contracts in 4Q18

SINGAPORE (Jan 14): ST Engineering says that its marine arm has secured $560 million worth of new contracts in 4Q18.

The group was awarded a contract by the Ministry of Home Affairs for the design, construction and maintenance of Fast Patrol Boats for the Singapore Police Coast Guard. Construction of the boats is expected to commence in mid-2019.

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