Singapore Technologies Engineering (ST Engineering)

Aviation & Engineering

ST Engineering reports order book of $16.3 bil, projects lower FY20 revenue in 1Q market update

The company is expecting a 5-15% slide in its FY2020 revenue compared to its FY2019 revenue, it said in its 1Q market update on Friday.

Broker's Calls

Brokers Digest 908

CSE Global

Contracts

ST Engineering secures $1.8 bil worth of contracts in 3Q

SINGAPORE (Oct 21): Singapore Technologies Engineering (ST Engineering) says that its Aerospace and Electronics sectors have secured new contracts worth a total of $1.8 billion for 3Q19.

Multi-industry

ST Engineering, Haw Par, Hotel Properties win top spots for second year running

SINGAPORE (Sept 16): Even as international markets and companies are falling prey to rising volatility, Singapore Technologies Engineering is powering through the macroeconomic uncertainties — not unlike one of its new Hunter Armoured Fighting Vehicles.

Deals, joint ventures & alliances

ST Engineering and Rheinmetall of Leopard tank fame sign cooperation MOU

SINGAPORE (Sept 10): ST Engineering and Germany's Rheinmetall will collaboratively pursue business opportunities for development and sales of defence products, systems and solutions.

Markets

'Blizzard' strikes North America; Yangzijiang plunges, KrisEnergy seeks bankruptcy protection

SINGAPORE (Aug 19): On Wednesday, US markets plunged on recession fears after the yield on the 10-year US Treasury Note broke below the two-year rate, producing an inverted curve, an indicator of economic recession.

Results

New acquisition boosts ST Engineering's 2Q earnings to $138 mil as order book hits record high

SINGAPORE (Aug 14): ST Engineering, the technology, defence and engineering conglomerate, powered to earnings of $138.2 million, or 4.43 cents per share, for the 2Q19 ended June, some 18% higher than earnings of $117.5 million a year ago.

Contracts

ST Engineering wins another $1.5 bil worth of new aerospace, electronics contracts in 2Q

SINGAPORE (July 25): Technology, defence and engineering conglomerate Singapore Technologies Engineering announced Thursday that its Aerospace and Electronics businesses have secured new contracts worth a total of $1.5 billion in 2Q19.

Investing ideas

Contract wins, acquisitions lift ST Engineering shares to multi-year high

SINGAPORE (July 5): It has been a busy couple of months for Singapore Technologies Engineering.
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