Singapore Technologies Engineering (ST Engineering)

Results

ST Engineering expects FY2020 revenue to be 'close to midpoint' of 5% to 15% lower than year before in business update

During the quarter, its Aerospace and Electronics sectors secured a total of $1.7 billion worth of new orders.
ST Engineering and Montran Corporation sign MOU to focus on digital financial services in Asia Pacific - THE EDGE SINGAPORE

Deals, joint ventures & alliances

ST Engineering and Montran Corporation sign MOU to focus on digital financial services in Asia Pacific

As at 12.16pm, shares in ST Engineering are trading 2 cents higher or 0.5% up at $3.66.

Disruption and Digitalisation

ST Engineering and NUS collaborate on $9 mil advanced digital technologies research programme

The programme will focus on technologies related to smart city, as well as smart maintenance, repairs and overhaul (MRO).

Disruption and Digitalisation

ST Engineering and NTU launch Singapore's first barrier-free smart car park

NTU and ST Engineering has made parking convenient with ticketless and barrier-free systems.

Disruption and Digitalisation

New study by ST Engineering reveals prevalent, weak data cultures in organisations in Asia

ST Engineering’s Sensemaking Maturity Index reveals organisations in Asia and Middle East lack ability to interpret and collaborate over data despite recognising value.

Results

ST Engineering earnings dip 4% in 1H20 to $257.4 mil

Vincent Chong, president and CEO of ST Engineering says the group is maintaining its guidance for FY20 revenue to come in between 5-15% lower than 1H19.

Leadership

ST Engineering appoints new COO and Aerospace President

Singapore Technologies Engineering (ST Engineering) has announced the appointment of Lim Ser Ghee as their new Chief Operating Officer, and Jeffery Lam as their new President (Aerospace).

Aviation & Engineering

ST Engineering and Israel Aerospace Industries to market and sell advanced naval missile systems in Singapore

The JV, named Proteus Advanced Systems, will market and sell advanced naval missile systems, including a next generation anti-ship missile system.

Broker's Calls

ST Engineering should continue to 'outperform the STI' apart from potential second wave of infections: RHB

Despite the overall decline on profit owing to the weaker demand in 2020, RHB analyst Shekhar Jaiswal believes the reopening of the economy following the circuit breaker measures should bring profits again for 2021F.

Tech

ST Engineering advances Singapore’s Smart City transformation with wins at IDC Smart City Asia Pacific Awards

Singapore Technologies Engineering (ST Engineering) announced Wednesday that its smart lighting solution and on-demand autonomous buses have been recognised as winning solutions for its customers at the IDC Smart City Asia Pacific Awards (SCAPA) 2020.
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