ST Marine

SINGAPORE (Jan 14): ST Engineering says that its marine arm has secured $560 million worth of new contracts in 4Q18.

SINGAPORE (Jan 18): CIMB is maintaining its “add” recommendation on ST Engineering with a target price of $3.85.

SINGAPORE (May 15): UOB Kay Hian has downgraded ST Engineering from “buy” to “hold” even as it raised its target price to $3.90 from $3.70 previously.

SINGAPORE (Jan 5): ST Engineering announced on Thursday that Chang Cheow Teck, the former president of ST Marine and ST Aerospace, has pleaded guilty to one charge under section 157 (1) of the Companies Act.

SINGAPORE (Dec 19): A consortium comprising Penguin International and ST Marine has been awarded a contract by the Ministry of Home Affairs, to design, construct, and maintain three vessels.

SINGAPORE (Sept 27): ST Engineering said on Tuesday that the former senior vice-president of ST Marine’s Tuas Yard, Mok Kim Whang, had been sentenced to 20 weeks’ imprisonment and a total fine of $100,000.

SINGAPORE (Aug 30): ST Engineering announced that Han Yew Kwang, the former Chief Operating Officer of ST Marine from June 2002 to June 2007, was sentenced to six months of jail and fined of $80,000, or 4 months’ imprisonment in default.

SINGAPORE (Aug 17): UOB Kay Hian is keeping its “buy” recommendation on ST Engineering (STE) with a higher target price of $3.60, from $3.50 previously.