ST Engineering (STE)

SINGAPORE (Apr 24): ST Engineering has won a contract from the US Department to build a polar icebreaking cutter through its US-based shipbuilder VT Halter Marine.

SINAPORE (Apr 15): For the period from January to February, Singapore visitor arrivals grew 2% y-o-y, continuing the growth slowdown trend, as the arrivals increased by 2.4% in 4Q18.

SINGAPORE (Apr 5): The $9 billion investment to renew and refresh Singapore’s two integrated resorts (IRs) could provide some vibrancy to the domestic economy in the next few years and whip up some optimism in the city-state, says CGS-CIMB Research.

SINGAPORE (Feb 26): ST Engineering’s aerospace division became the first in Singapore to receive authorisation from the Civil Aviation Authority of Singapore (CAAS) to conduct Beyond Visual Line of Sight (BVLOS) trials over the Lower Seletar reservoir.

SINGAPORE (Feb 21): ST Engineering reported a 26% drop in 4Q18 earnings to $124.5 million from a year ago.

SINGAPORE (Jan 15): Singapore’s aviation services-related stocks have been weighed down by a slowdown in Chinese visitor arrivals in 4Q18.

SINGAPORE (Jan 15): RHB is maintaining its “buy” call on ST Engineering (STE) with a $3.97 target price, which implies 4% yield.

SINGAPORE (Oct 31): ST Engineering says its marine arm has secured $431 million worth of new contracts for 3Q18. This is the first time in almost two years that the group is providing information on orders for its marine segment. 

SINGAPORE (Oct 8): CGS-CIMB Securities continues to rate Singapore conglomerates as “overweight” as limited organic growth has forced them to go beyond their existing turf.

SINGAPORE (Oct 1): Sales from ST Engineering’s newly acquired Middle River Aircraft Systems (MRAS) is expected to rise by 10% in FY19 ending June.