Welcome!
Singapore Technologies Engineering (ST Engineering)
Broker's Calls
Citi keeps 'sell' on ST Engineering as FY2023 expectations deemed as ‘overly bullish’
Citi has, however, raised its TP to $3.35 after rolling over its earnings base to FY2023.
April 13, 2023
Investing ideas
Slew of new contracts seen to lift ST Engineering's order book to new peak
“We see ST Engineering as a unique play with a defensive yield and upside from strong growth in 2023 to 2025.”
March 30, 2023
Broker's Calls
CGS-CIMB sees $25 bil order book for ST Engineering with MINDEF, Taiwan rail contracts
This is up from an order book of $23 billion as at end-December 2022.
March 28, 2023
Contracts
ST Engineering subsidiary wins MINDEF contract for six combat vessels
The six vessels are expected to be delivered progressively from 2028 onwards.
March 27, 2023
Broker's Calls
ST Engineering set for continued growth in and beyond FY2023 as air travel begins full recovery: analysts
Analysts from DBS, CGS-CIMB, OCBC, Maybank and RHB have maintained their "add" or "buy" calls for ST Engineering.
February 28, 2023
New appointments
ST Engineering's chairman and independent director Kwa Chong Seng to step down as part of board renewal process
Teo Ming Kian, the group’s deputy chairman, will replace Kwa as chairman.
February 24, 2023
Results
ST Engineering reports 2HFY2022 earnings of $255.0 mil, down 7.1% y-o-y
A final dividend of 4.0 cents has been proposed, bringing FY2022's total dividend to 16 cents per share.
February 24, 2023
Offshore & Marine
ST Engineering acquires shipyard site and assets from Keppel FELS for $95 mil
The site is for the group’s commercial ship repair business.
February 02, 2023
Broker's Calls
ST Engineering to benefit from Chinese aviation traffic recovery, RHB maintains 'buy'
RHB is still positive on ST Engineering’s growth outlook and steady dividends.
January 20, 2023
Broker's Calls
DBS positive on ST Engineering’s growth prospects despite interest rate and recession risks
The analysts think that the negatives for ST Engineering are priced in already, and the stock is "attractive"
December 06, 2022