peacefulday
Senior Member
- Joined
- Feb 1, 2013
- Messages
- 936
- Reaction score
- 29
have a crazy ride with this one. down 10k as yesterday, recovered in one day
Doubt so. STE designs vehicles but they don't build them no?
Also, does SG even have locally designed aircraft?
SINGAPORE (May 5): ST Engineering says on Thursday that ST Kinetics' wholly-own subsidiary, Autonomous Technology, will divest itself of its 60% equity stake in Guizhou Jonyang Kinetics for a cash consideration of RMB200 million ($43 million).
The sale and purchase agreement is between Autonomous Technology and its joint venture partner, Guiyang Industrial and Commercial Assets Management.
ST Kinetics, the land systems arm of ST Engineering, has been reviewing its specialty vehicle business in China.
The consideration for the divestment takes into account the general condition of the construction equipment market in China, as well as Guizhou Jonyang Kinetics' net assets value and its expected financial performance.
The divestment is not expected to have any material impact on ST Engineering's financial results for the current financial year.
ST Engineering closed 5.8% higher at $3.24.
They will send the standard reply template to SGX query.
heng sold off at 2.99
not looking back riao~
held STE for like 3 years, earnings each year flattish
only upside was the 4-5% dividends
From OCBC reports. i am still bullish on ST Eng mid-short term. THeir way of going business is cheap cheap cheap all the way but serously how long can it last. Plus they have alot of their bluff eat engineers Nevertheless i am still holding on to this counter with my SRS account till another nice counter comes along..
ST Engineering: Valuations attractive again; upgrade to BUY
Singapore Technologies Engineering (STE) reported its 1Q16 revenue of S$1,627.1m (+8% YoY), in line with our forecast (meeting 25% of FY16 estimate); However, PBT slipped 13% to S$130.4m and PATMI dropped 15% to S$110.2m, both meeting 21% of our full-year forecasts, hence slightly weaker than expected. While management expects to see lower PBT in 1H16 versus 1H15, citing the still uncertain economic outlook, it has kept its comparable PBT guidance for FY16. With company maintaining its FY16 guidance, we do not see the need to adjust our estimates for now, as well as our S$3.24 fair value (19x FY16F EPS). But as the share price has taken quite a tumble of late, valuations are starting to look fairly attractive now; hence we upgrade our call to BUY for a potential total return of 10%. (Carey Wong)
why u hate the company?????????????