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ST Engineering
Investing ideas
Slew of new contracts seen to lift ST Engineering's order book to new peak
“We see ST Engineering as a unique play with a defensive yield and upside from strong growth in 2023 to 2025.”
March 30, 2023
Broker's Calls
CGS-CIMB estimates ST Engineering's navy contract to be worth at least $1.5 bil, maintains 'buy' call
CGS-CIMB estimates that ST Engineering's order book has hit $25 billion
March 28, 2023
Broker's Calls
CGS-CIMB sees $25 bil order book for ST Engineering with MINDEF, Taiwan rail contracts
This is up from an order book of $23 billion as at end-December 2022.
March 28, 2023
Contracts
ST Engineering subsidiary wins MINDEF contract for six combat vessels
The six vessels are expected to be delivered progressively from 2028 onwards.
March 27, 2023
Broker's Calls
ST Engineering, SIA Engineering 'flying under investors' radars' at attractive entry points: DBS
“With several tailwinds in play, we are confident that the sector will deliver strong earnings growth over the next few years.”
March 14, 2023
Broker's Calls
Morningstar includes ST Engineering as a top pick among Asian industrial stocks
Morningstar sees ST Engineering’s earnings per share to grow at a 5-year CAGR of 12.3%
February 07, 2023
Broker's Calls
ST Engineering order book reaches new high despite US divestment, analysts divided
ST Engineering could refinance a portion of its short-term loans in FY2023 by issuing fixed coupon bonds with a lower yield.
November 30, 2022
Billion Dollar Club 2022
ST Engineering makes clean sweep of all award categories; record order book to help sustain earnings growth
ST Engineering is constantly looking for acquisition targets that will be a good strategic fit
November 10, 2022
Insider moves
Wilmar chairman Kuok scoops up shares; ST Engineering in monthly share buybacks
Wilmar on Oct 28 reported record earnings
November 09, 2022
Corporate moves
ST Engineering exits US marine business
ST Engineering has disposed of its entire US marine business to Bollinger for $21 mil.
November 07, 2022