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electronics
Results
ST Engineering’s FY16 earnings dip 8% to $484.5 mil on one-off charge
SINGAPORE (Feb 16): ST Engineering posted $484.5 million in earnings for the full year ended Dec 2016, 8% down from its profit of $529 million a year ago.
February 16, 2017
Broker's Calls
This engineering company’s new contracts in 4Q were a record high
SINGAPORE (Jan 19): ST Engineering’s aerospace and electronics business segments had jointly reported a record high in new contracts for 4Q16 of $1.54 billion. This came on top of the $138 million in new contracts from the marine segment.
January 19, 2017
Tech
Nintendo takes big gamble with Switch’s split personality
TOKYO (Jan 16): Nintendo Co.’s new Switch gaming console won’t be in stores until March 3, but the machine is fully baked and ready to play. The press got a chance to try out the new machine at an event in Tokyo last week, and events will be held
January 16, 2017
Tech
Samsung Electronics forecasts fourth-quarter profit at over three-year high
SEOUL (Jan 6): Samsung Electronics Co Ltd said on Friday its fourth-quarter profit likely leapt 50% from a year earlier to its highest level in more than three years, beating expectations on strong chip sales and a smartphone rebound.
January 06, 2017
From brick-and-mortar to ‘click-and-mortar’
SINGAPORE (Nov 18): It doesn’t take a rocket scientist to understand that Singapore’s consumer habits are evolving as we know it.
November 18, 2016
Global Markets
Duterte outbursts start scaring US companies, industry says
MANILA (Nov 14): Signs of investor discontent with Rodrigo Duterte’s outbursts against the US are multiplying with American companies starting to hold off investing in the Philippines, the nation’s electronics and semiconductor industry said.
November 14, 2016
Results
ST Engineering’s 3Q earnings fall 42% to $76.7 mil on one-off impairment charge
SINGAPORE (Nov 10): ST Engineering, the engineering solutions provider, posted a 42% decline in 3Q16 earnings to $76.7 million from $133.3 million a year ago.
November 10, 2016
Broker's Calls
ST Engineering new CEO's laser-focus a good thing
SINGAPORE (Oct 14): CIMB has maintained its “add” call on ST Engineering with a target price of $3.60 as new CEO Vincent Chong seeks to divest non-performing businesses at a faster pace but remains focus on engineering, defence and electronics as its
October 14, 2016
Singapore’s 3Q GDP up 0.6% on year in advance estimates
SINGAPORE (Oct 14): Singapore’s economy expanded by 0.6% in 2Q16 from a year ago, based on advance estimates by the Ministry of Trade and Industry (MTI), easing significantly from the 2% growth registered in the previous quarter.
October 14, 2016
Singapore economy treading on thin ice
SINGAPORE (Aug 18): Two-thirds of Singapore’s economy is already in technical recession and the worst is yet to come, says DBS Group Research.
August 18, 2016