Singapore Technologies Engineering (ST Engineering)

Global Economy

Briefs: former OCBC rep charged, ST Engineering enters MOU for road, rail and EV cooperation

Also in the news: Singapore’s core inflation hits 10-year high at 2.4% in Jan

Contracts

ST Engineering to build second icebreaker vessel under US Navy contract

ST Engineering has a contract to build up to three icebreaker vessels for the US Coast Guard.

Broker's Calls

ST Engineering's defensive business model positive for the counter: RHB

Shares in ST Engineering closed 1 cent lower or 0.26% down at $3.84 on Nov 29.

Company in the news

Briefs: ST Engineering eyes revenue target of over $11 bil for FY2026; SPH shareholders likely to favour Cuscaden offer

"I wish I did." — Alphabet CEO Sundar Pichai when asked if he holds any cryptocurrency.
CGS-CIMB keeps “add” on ST Engineering on the back of strong order win momentum - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB keeps 'add' on ST Engineering on the back of strong order win momentum

ST Engineering’s order book reached a record high of $18.2 billion in 3Q21
ST Engineering secures more than $1.82 bil contracts in 3Q21; order book at $18.2 bil - THE EDGE SINGAPORE

Results

ST Engineering secures more than $1.82 bil contracts in 3Q21; order book at $18.2 bil

In its 3Q21 market update, ST Engineering says it is on target to achieve $180 million in cost savings for FY2021.
ST Engineering secures maintenance contract with JAL - THE EDGE SINGAPORE

Aviation & Engineering

ST Engineering secures maintenance contract with JAL

The value of the contract was not disclosed, but it will last for five years.
ST Engineering wins contract to provide integrated component support to Japan Airlines' Boeing 787 fleet - THE EDGE SINGAPORE

Contracts

ST Engineering wins contract to provide integrated component support to Japan Airlines' Boeing 787 fleet

The latest contract adds to an ongoing Boeing 737-800 component MBH programme that the group has with JAL.

Deals, joint ventures & alliances

ST Engineering and MSI Global to jointly bring Singapore's rail expertise to global markets

MSI Global is a wholly-owned subsidiary of the Land Transport Authority (LTA).

Broker's Calls

Broker's Digest: ST Engineering, Food Empire, China Aviation Oil, Hutchison Port Holdings Trust

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