Against this backdrop, ST Engineering scored the highest weighted return on equity of 22.47% in the multi-industry sector. In addition, the company scored highly in the ESG category: It chalked up 22.88 points, just a whisker below sector winner Sembcorp Industries’ 23.22 points. With a strong showing on these two scores, ST Engineering has once again been named the overall winner in the multi-industry sector for The Edge Singapore Billion Dollar Club.
SINGAPORE (Sept 16): Even as international markets and companies are falling prey to rising volatility, Singapore Technologies Engineering is powering through the macroeconomic uncertainties — not unlike one of its new Hunter Armoured Fighting Vehicles.
Backed by a strong track record, the company, 51.97%-owned by Temasek Holdings, is able to win a steady stream of new defence projects and maintenance contracts. It is also moving big into new growth areas such as the internet of things (IOT), winning not just new businesses but also delivering returns for shareholders.
