Singapore Technologies Engineering (ST Engineering)

Aviation & Engineering

Analysts cheer ST Engineering’s revenue visibility, but Citi is not so sure

Despite 9 out of 11 analysts calling "buy" on STE, find out why Citi is calling "sell" and lowering its target price on STE.

Results

ST Engineering reports 3QFY2022 revenue of $2.2 bil, up 22.2% y-o-y

As at Sept 30, the group’s order book stood at $25.0 billion.
With Transcore contract win, it's ST Engineering’s way, on the highway  - THE EDGE SINGAPORE

Broker's Calls

With Transcore contract win, it's ST Engineering’s way, on the highway

Analysts are positive on STE after a $1.07 billion contract win by subsidiary Transcore.

Broker's Calls

Maybank lowers ST Engineering's TP, net profit forecasts amid rising interest rates

ST Engineering's TP is lowered to $4.20 from $4.50 previously as Maybank ups ST Engineering’s risk-free rate and cost of debt.

Broker's Calls

RHB keeps 'buy' on ST Engineering citing it as a “long-term defensive pick”

RHB keeps 'buy' on ST Engineering with lowered target price of $4.10 from $4.60.
RHB notes potential earnings miss for ST Eng in 2HFY2022, but still maintains ‘buy’ - THE EDGE SINGAPORE

Broker's Calls

RHB notes potential earnings miss for ST Eng in 2HFY2022, but still maintains ‘buy’

RHB has maintained its 'buy' call despite saying that the share price is 'underperforming'.

Broker's Calls

A buying opportunity for ST Eng as it gets on track for further growth with rail contract

Find out why the analysts from RHB and CGS-CIMB think that it’s a good time to buy ST Engineering.

Contracts

ST Engineering secures $1.4 bil turnkey rail contract for new Kaohsiung MRT Yellow line

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

Funds

ST Engineering's US$3 bil US commercial paper programme to include STE TransCore Holdings as issuer

The proceeds from the notes under the programme will continue to be used for general working purposes.
×