ST Engineering

Here are three stocks to watch for the week: PropNex, Centurion Corp and ST Engineering.

The contract will see the trio develop both a waste-to-energy (WTE) facility and a materials recovery facility (MRF) for Singapore’s new Nexus Integrated Waste Management Facility in Tuas.

These contracts are over and above a defence contract that its land systems arm secured for the production and supply of the Hunter Armoured Fighting Vehicle from the Singapore Ministry of Defence.

RHB Research bullish on ST Engineering despite global aviation slump.

Here are three stocks to watch for the week: Genting Singapore, ST Engineering and Yangzijiang Shipbuilding.

Besides growing its businesses, ST Engineering is trying to be more efficient in the way it uses its capital so that more funds can be deployed in new growth areas.

RHB Securities says STE is “well-positioned” to deliver earnings growth of 10% from 2019 to 2022.

The group is also proposing a final dividend of 10.0 cents per share. This means that shareholders will pocket a total dividend of 15.0 cents per share for FY2019, unchanged from FY2018.

ST Engineering says that about $1.1 billion worth of these contracts were secured by its aerospace sector, while $449 million was secured by its electronics sector.

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