ST Engineering *Official* (SGX: S63)

peacefulday

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ST Engineering's Electronics Arm Secures Contracts Worth about $650m in 2Q2016

Singapore, 20 July 2016 – Singapore Technologies Engineering Ltd (ST Engineering) announced today that its electronics arm, Singapore Technologies Electronics Limited (ST Electronics), secured about $650m worth of contracts in the second quarter (2Q) of 2016 from contracts for Rail Electronics & Intelligent Transportation, Satellite & Broadband Communications, as well as Advanced Electronics & Information Communications Technologies (ICT) solutions.

Rail Electronics & Intelligent Transportation

Rail Electronics & Intelligent Transportation contracts of about $210m were awarded by local and overseas customers. International orders include a $152m contract secured for Communications, Automatic Fare Collection and Platform Screen Door Systems and a metro project for an Integrated Supervisory Control System. Other projects in this business sector include enhancement and maintenance services for Intelligent Transport Systems as well as operations and maintenance services for a carpark management system. These projects will be completed progressively till 2020.

Satellite & Broadband Communications

For Satellite & Broadband Communications, the Electronics sector received contracts amounting to $80m from government, telecom and enterprise users worldwide for the supply of broadband network, satellite network equipment and earth stations. VT iDirect, Inc., a world leader in satellite-based IP communications technology, established an Engineering and Innovation Centre in Killarney, Ireland to expand the Group’s global engineering innovation footprint from its existing development centres in Ottawa, Canada, Singapore, Cranfield, UK as well as Herndon, USA. iDirect also formed a joint R&D partnership with Inmarsat to develop next generation solutions to support the growing integration of satcom and terrestrial networks, after having worked together over the last four years on the GX programme.

Advanced Electronics & ICT Solutions

About $360m worth of Advanced Electronics & ICT contracts were clinched from both public and private sectors. Projects include a facility upgrade for a new Air Traffic Control Tower at Maun Airport in Botswana and the maintenance and support of a large public security project in the Greater China region. Other contracts comprise the provision of Intelligent Security Management System, Operations, Maintenance Support as well as advanced info-communication and sensor systems and services and maintenance for network infrastructure to government agencies and large enterprises. Telematics Wireless, a subsidiary focused on advanced wireless systems and smart city solutions, was awarded several contracts for smart street lightings in Israel and European cities.

On cyber security capability, the $44.3m ST Electronics–SUTD Cyber Security Laboratory was launched in May to advance new frontiers in cyber security technologies and build next generation solutions and products. In addition, an MOU was signed during CommunicAsia 2016 with Motorola Solutions to co-create innovative technologies for advanced secured communications in public safety, national security and enterprise sectors.

“Together with this quarter's contract wins of $650m, we have secured a total of $1.16b of new orders in the first half of 2016. This is a result of good team effort across all segments, bolstered by several significant overseas orders including a $152m rail electronics project and a contract for a large public security project. The success of these projects will further reinforce our comprehensive repertoire of track records and strengthen our competitive position for new business opportunities that may emerge," said Mr Lee Fook Sun, President, ST Electronics.

These contracts are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
 

peacefulday

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2nd Quarter 2016 Results and Results Briefing
ST Engineering will be announcing its second quarter 2016 results on Friday 12 August 2016, after 5pm, Singapore time (GMT +8). The results briefing will be held on Monday 15 August at 11.00am. The results briefing will be webcast live on the Company's website. To view the webcast, please register at the following address: http://webcast.nettv.sg/STENG/2QFY2016.


I wonder anyone still holding? the report result day or following, use to 'sell on news' and also sell on xd thereafter :o
 

thegodfather

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Hahaha almost sama Sama as me. One of the most solid unrealised profit in my portfolio. Abit sayang it let it go. Mine is around 4years of dividends.

Almost 5 yrs of dividends of unrealised profits. Might cash in soon.
 

peacefulday

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ST Engineering Reports Higher Profits in 2Q2016 Vs 2Q2015

“For 2Q2016, Group Revenue and PBT came in at $1,623m and $170.3m respectively. There was an increase of $78m in Group Revenue and $11.8m in PBT over the corresponding quarter in 2015. For 1H2016, Group Revenue was higher than that in 1H2015. The PBT for 1H2016 was comparable to that in 1H2015. The Group completed its divestment of Guizhou Jonyang Kinetics Co., Ltd in the quarter, as part of Land Systems sector's continuous review of its specialty vehicle business in China.

The Group continued to secure new orders and ended the quarter with a healthy order book of $11.6b. The Group’s cash and cash equivalents, including funds under management, stand at $1.3b.

Barring unforeseen circumstances, the Group expects FY2016 Revenue to be higher, but PBT to be lower compared to FY2015. The global economic outlook remains challenging with industry headwinds facing the marine business, the slow-down in the China economy, and negative business sentiment that is prevalent in Europe and other parts of the world.”


- TAN Pheng Hock,
President & CEO, ST Engineering

DPS 5c, 22nd Aug XD, 30th Aug payable
 
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