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ST Engineering
Broker's Calls
RHB remains optimistic on ST Engineering despite unsuccessful bid for Cubic Corp
RHB has maintained its ‘buy’ rating for the stock, with a higher target price of $4.50 from $4.25 previously.
April 12, 2021
Contracts
ST Engineering JV wins passenger-to-freight conversion contract from MNG
The A330-300P2F provides about 23% more volume than its closest competitor B767-300ER.
April 01, 2021
M&A
Cubic Corp spurns ST Engineering's higher bid of US$78 per share
If the deal goes through, it would have been the local defence and engineering conglomerate’s largest-ever M&A deal.
March 31, 2021
Broker's Calls
CGS-CIMB reiterates 'add' call on ST Engineering after it ups bid for Cubic Corp
ST Engineering increased its bid to acquire Cubic Corporation from US$76 to US$78 per share.
March 31, 2021
M&A
ST Engineering revises proposed bid for Cubic Corp to US$78 per share
The revised offer price increases total implied consideration from US$2.41 billion to US$2.49 billion.
March 30, 2021
Broker's Calls
RHB positive on ST Engineering's bid for Cubic Corp, maintains 'buy' rating
RHB says the transaction would offer higher earnings for ST Engineering's urban solutions and satellite communications segments.
March 24, 2021
M&A
ST Engineering launches largest ever M&A bid of US$2.4 bil for Cubic Corp
ST Engineering notes that it has a track record of successfully obtaining CFIUS approvals for all 11 of its past US acquisitions.
March 22, 2021
Broker's Calls
973 Brokers' Digest
Take a look at these six stocks this week, including DBS, Starhub and ST Engineering.
February 26, 2021
Broker's Calls
RHB positive on STE, expects sustained earnings growth and dividends in medium term
RHB Research has maintained a “buy” call on STE with an unchanged target price of $4.40, expecting 'sustained' earnings growth.
January 14, 2021
ST Engineering eyes new growth phase
The re-organisation will make ST Engineering sharper and more agile in terms of how it responds to customers' requirements.
December 04, 2020