ST Engineering

SINGAPORE (Feb 7): CIMB Research is keeping its STI target of 3,600 intact for now, with expectations of 8% earnings per share (EPS) growth for 2018, along with more earnings upgrades ahead in the non-REIT earnings season.

SINGAPORE (Feb 7): OCBC is upgrading ST Engineering to "buy" given its recent contract wins and exposure to high-growth areas like Smart Nation initiatives, aerospace engine maintenance contracts and improved outlook for the marine sector.

SINGAPORE (Feb 6): ST Engineering’s subsidiary, ST Electronics, has signed a joint venture agreement with UK-based antenna chip manufacturer SatixFy UK.

SINGAPORE (Jan 18): ST Electronics has clinched about $742 million worth of contracts over 4Q17, bringing the total value of new orders secured in 2017 by its parent company, ST Engineering, to $2.24 billion.

SINGAPORE (Jan 8): ST Aerospace, the aerospace arm of ST Engineering, has pumped another US$1.47 million ($2 million) into 50% owned Total Engine Asset Management (TEAM).

SINGAPORE (Nov 10): OCBC Investment Research is maintaining its “hold” call on Singapore Technologies Engineering with a fair value estimate of $3.41 following the group’s latest announcement of its 3Q17 financial results.

SINGAPORE (Nov 8): ST Engineering posted a 67% increase in 3Q17 earnings of $128.4 million compared to $76.7 million a year ago due to the absence of a $61.1 million one-off charge incurred in 3Q16 for its Specialty Vehicle business in China.

SINGAPORE (Oct 24): ST Engineering's electronics arm, ST Electronics, has secured about $585 million worth of contracts in 3Q across various segments.

SINGAPORE (Oct 4): Singapore Technologies Electronics (ST Electronics), the electronics arm of ST Engineering, has signed a memorandum of understanding with Omani aviation training and consultancy firm Sky Seven.

SINGAPORE (Oct 3): Daiwa sees two tracks developing on the Singapore stock market.