ST Engineering tops sector again, reorganises for better agility in capturing new growth

Singapore Technologies Engineering, a regular top winner at the Billion Dollar Club, has made its mark again. The engineering conglomerate has been named top for weighted return on equity, as well as overall sector winner for the category. Yangzijiang Shipbuilding (Holdings), meanwhile, is the sector winner for growth in profit after tax, and Sri Trang Agro-Industry Public Company was top for returns to shareholders.

ST Engineering can be divided into four major operating units: aerospace, electronics, land systems and marine sectors, and each unit generates its fair share of both military and commercial contracts.

In recent years, it has been pushing actively into smart city projects requiring capabilities in smart mobility, smart security and smart environment solutions, with more than 700 such contracts across 130 cities to date. The company has a total headcount of around 23,000 — the majority is in engineering — in more than 40 cities in around 20 countries from Asia and Europe to the US and the Middle East.

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