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.

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.
Nintendo Switch (Bloomberg)

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 
Samsung Galaxy Note 7

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.

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.
Rodrigo Duterte

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.

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.

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

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.

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.
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