Singapore Technologies Engineering (ST Engineering)

: RHB continues to like ST Engineering following D’Crypt acquisition - THE EDGE SINGAPORE

Broker's Calls

RHB continues to like ST Engineering following D’Crypt acquisition

ST Engineering announces plans to fully acquire cryptography firm D'Crypt for an initial consideration of $67 million.

M&A

ST Engineering acquires StarHub’s D’Crypt for $67.5 mil to boost cyber capabilities

The transaction is expected to be completed in the first quarter of 2024.

Broker's Calls

Brokers’ Digest: StarHub, Nanofilm, ST Engineering, FHT, Sats

See what the analysts have to say this week.
ST Engineering signs MOU with Elevandi to support fintech start-ups on cybersecurity - THE EDGE SINGAPORE

Fintech

ST Engineering signs MOU with Elevandi to support fintech start-ups in cybersecurity

The collaboration will first focus on organisations based in Southeast Asia and Australia.

Results

ST Engineering reports 3QFY2023 revenue of $2.4 bil, 9% higher y-o-y

For the 3QFY2023, the group declared an interim dividend of 4.0 cents per share.

Contracts

ST Engineering secures contract to build Abu Dhabi’s first multimodal Intelligent Transportation Central Platform

The contract was awarded to ST Engineering’s urban solutions subsidiary as part of a consortium.

Broker's Calls

Brokers' Digest: UMS Holdings, HRnetGroup, ST Engineering

See what the analysts have to say this week.

News

Enhancing video analytics with generative AI

ST Engineering's AGIL Vision allows searches to be conducted in natural language and supports a range of search permutations.

Company in the news

ST Engineering gains $32.4 mil after post-closing adjustments from divestment of US marine business

The post-closing adjustments and gain on disposal will not have a material impact on ST Engineering’s earnings for FY2023.

Broker's Calls

Analysts optimistic on ST Engineering, most keep ‘buy’ at raised target prices

Analysts have maintained their positive views on ST Engineering, citing the group's improving results.
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