ST Engineering *Official* (SGX: S63)

Jupiter2017

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http://www.businesstimes.com.sg/tec...ments-to-test-autonomous-systems-in-singapore
ST Kinetics, National Instruments to test autonomous systems in Singapore
THU, DEC 07, 2017 - 10:14 AM RACHEL MUI rachmui@sph.com.sg

ST Kinetics and National Instruments Singapore (NI) on Thursday said they will work as technology partners to test systems used by autonomous vehicles (AVs) and robotic solutions in Singapore.
Among the first AVs to be tested would be autonomous buses for the Land Transport Authority that are under development, and Sentosa's mobility-on-demand shuttles, the companies said.
The testing framework will encompass both functional and safety systems that determine the behaviour of AVs, including braking distance, obstacle avoidance, and the AVs' performance under various road and weather conditions.
"ST Kinetics will integrate NI's hardware and software, such as sensors and Lidar technology, to establish a testing system that would form the basis of testing requirements and standards for the deployment of AVs in Singapore," the companies said.
This system may also be extended to other autonomous platforms such as forklifts and autonomous mobile robots.
Said NI's Asean and ANZ managing director, Matej Krajnc: "As Singapore works towards realising its Smart Nation vision, the country is also challenged with land and manpower scarcity. Self-driving technology or AVs would therefore be highly critical and valuable in transforming the transport system and bringing about greater connectivity as well as accessibility."

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=S63.SI
 

sg_investor

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what a sad icon. hahaa
load more to average down bro.. this should be a blue chip..
i read the edge, the ceo got some solid plan.. hope it works:D

hopefully ST-E US income is a small portion otherwise trump's protectionism would probably cause more damage. but then i can't understand why venture can nearly triple this year facing similar prospect of US closing the borders?
 

havetheveryfun

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hopefully ST-E US income is a small portion otherwise trump's protectionism would probably cause more damage. but then i can't understand why venture can nearly triple this year facing similar prospect of US closing the borders?

market is irrational dude.. if some big boys wanna short the stock then u just have to tank it out even though the fundamentals are still the same

u can take comfort in that ST E has bought back quite a lot of their own shares for the past few months
 

Jupiter2017

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https://www.thestar.com.my/business...-set-up-aircraft-maintenance-hub-in-thailand/
Airbus, Thai Airways set up aircraft maintenance hub in Thailand, threat to S'pore
Saturday, 16 Dec 2017 6:54 AM MYT

BANGKOK: National carrier Thai Airways International and Airbus plan to jointly open an aircraft maintenance and repair operations (MRO) hub in Thailand, a Thai Airways official said on Friday.
………………
 

Jupiter2017

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http://www.businesstimes.com.sg/gov...on-for-spore-businesses-with-operations-in-us
US TAX REFORM
Big boon for S'pore businesses with operations in US

US companies will reassess foreign ops but an exodus of US firms out of Singapore unlikely
FRI, DEC 22, 2017 - 5:50 AM YASMINE YAHYA yasminey@sph.com.sg

Singapore
THE cut in the United States' headline corporate tax rate is a big boon to Singapore companies operating there, but its impact on inbound investment flows remains to be seen, analysts say.
A decision by the US Senate to approve a tax bill that cuts the corporate tax rate from 35 per cent to 21 per cent will make a big difference to Singapore companies with investments there, especially as Singapore does not have a tax treaty with the US, noted Withers KhattarWong partner Eric Roose.
Singapore firms The Business Times spoke to agreed with this assessment. ST Engineering spokeswoman Lina Poa said: "The US corporate tax rate cut to 21 per cent from 35 per cent will benefit ST Engineering as our US subsidiaries contribute a significant share of our total group revenue."
The US business accounted for 23 per cent of ST Engineering's S$6.68 billion revenue in 2016.
"Any investments that we make are evaluated on their strategic fit and other factors including after-tax returns. We welcome the US tax overhaul and will continue to evaluate investment opportunities that fit our business strategy," Ms Poa added.
Mapletree Investments told The Business Times: "This is a positive development on reduction of corporate tax rate and we are still studying the other changes in detail."
Centurion Corp chief executive Kong Chee Min added: "For Centurion, investment decisions are driven by many considerations such as demand-supply dynamics, availability of quality assets that meet investment criteria, etc."
As part of the firm's strategy for sustainable growth, it will continue to selectively look for investment opportunities in the US and other key education hubs for student accommodation, he added.
But while the tax cut could boost investment flows into the US, the question for Singapore is whether US companies might now reevaluate their investments here.
After all, as Mr Roose noted, the difference between the US and Singapore's corporate tax rates is now just 4 percentage points.
"The general effect overall will be that US companies will do more things in the US and bring their profits back. Companies will begin to reassess their global structures and whether they really need foreign operations, or as much as they have now," he said.
"They will likely study whether the cost of operating in that country is still offset by the tax savings now."
However, he added that there is unlikely to be an exodus of US companies out of Singapore, as the Republic is the Asian headquarters for many.
"The options for Asian headquarters today is a fight between Hong Kong and Singapore, and it comes down more and more to where people want to live, and increasingly US companies would rather have their headquarters in Singapore. So I think Singapore will continue to be important operationally."
Mizuho Bank senior economist Vishnu Varathan added that companies will take into account more than just tax rates when deciding whether to maintain, increase or decrease investments in a particular country.
"There's speculation on how the US tax cut will impact where US companies operate, but that's not just a function of tax. And many US firms are already well established here, with a supply chain across Asean and the Asean market is here, so the impact will not be immediate."
DBS Group Research chief economist Taimur Baig said in a report on Thursday that the US tax cut is a bigger risk for Europe and Latin America than Asia.
"MNCs that were, on the margin, considering offshoring some production may pause to take advantage of the lower domestic rates, but the factors of production that are Asia-oriented, especially those related to the electronics supply chain, are very unlikely to move back to the US, in our view. The labour cost advantages, economies of scale, and the component ecosystem is well engrained in Asia, with little risk of foreign direct investment diversion to the US."
 

sg_investor

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When us companies leave will local companies like steng pick up some scrubs? It drops like stone while STI is still hanging on the last breath.
 

Jupiter2017

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http://www.businesstimes.com.sg/com...pace-wins-s510m-worth-of-contracts-in-q4-2017
ST Aerospace wins S$510m worth of contracts in Q4 2017
Wed, Jan 17, 2018 - 7:24 PM Rachel Mui rachmui@sph.com.sg

SINGAPORE Technologies (ST) Engineering's aerospace arm, ST Aerospace, secured new contracts worth S$510 million in the fourth quarter last year, totalling S$2.8 billion for 2017. These contracts are for services ranging from airframe maintenance and landing gears repair to pilot training.
The airframe maintenance contracts include multi-year agreements to provide checks for Boeing aircraft including the 777 and 747, as well as support for other platforms, ST Engineering said in a press statement on Wednesday.
Meanwhile, other maintenance, repair & overhaul (MRO) contracts clinched in Q4 2017 include agreements for ATR72-500 shipsets; landing gear repair for military planes; extension of engine wash services for existing customers; as well as Boeing 787 component support over 15 years for Gulf Air, which was announced in November.
In the non-MRO related segment, contracts won during the quarter include a three-year pilot training agreement from a new customer.
ST Engineering added that the above developments 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.
The counter closed at S$3.31 apiece on Wednesday, unchanged from the previous day's close.

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=S63.SI
 

Jupiter2017

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http://www.businesstimes.com.sg/com...ntracts-for-q4-2017-total-new-orders-for-2017
ST Electronics clinches S$742m in contracts for Q4 2017; total new orders for 2017 stand at S$2,24b
Fri, Jan 19, 2018 - 6:44 PM Jacquline Woo tsjwoo@sph.com.sg

SINGAPORE Technologies Electronics (ST Electronics), the electronics arm of Singapore Technologies Engineering (ST Engineering), has clinched around S$742 million worth of contracts in the fourth quarter of 2017.
This brings total new orders secured in the whole of 2017 to S$2.24 billion, ST Engineering told the Singapore Exchange in a filing on Friday.
The bulk of the latest tranche of deals, at S$498 million, were advanced electronics and information communications technologies (ICT) solutions contracts secured from various local and overseas customers.
This includes a contract worth US$72 million from Israel-based Arad Technologies for a smart sensor network system that will enhance smart cities management in China, Europe, India and the United States; a comprehensive electronics system for Raffles City Chongqing, an eight-tower city complex in China; as well as a communications system deployed in 12 hospitals across Hong Kong.
These projects will be completed progressively till 2022, said ST Engineering.
 

Jupiter2017

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http://www.businesstimes.com.sg/com...us72m-contract-to-supply-smart-sensor-network
ST Electronics unit bags US$72m contract to supply smart sensor network
Mon, Jan 22, 2018 - 5:07 PM Wong Kai Yi kaiyiw@sph.com.sg

SINGAPORE Technologies Electronics (ST Electronics) announced on Jan 22 that its unit, Telematics Wireless, has been awarded a contract worth US$72 million for the supply of a smart sensor network to Israeli wireless automatic meter manufacturer Arad Technologies.
Under the contract, Telematics Wireless will supply automatic meter reading (AMR) radio transceivers for Arad's AMR solutions over six years.
The AMR radio transceivers supplied through this contract will be deployed with Arad's AMR solutions in various global markets, and together with Arad's smart management software, will provide precise monitoring of all utility vital signs, and will alert utility providers to faults such as leakages.
Radio transceivers are a key part in smart meters, which are used to monitor water, electricity and gas usage.
ST Electronics says its AMR radio transceivers are able to operate up to 10 years on an internal battery, and are resistant to radio interference.
The transceivers incorporate all electronics, battery and antennae in the meter register without the need for connecting external wires, which the company says reduces installation and maintenance costs.
When fully deployed by Telematics Wireless at the end of 2021, the sensors will join the more than 15 million wireless sensors currently installed in cities globally, said ST Electronics.
Ravinder Singh, president of ST Electronics, said the company has embedded advanced technology into water resource management systems to help improve city planning, operational efficiencies and realise cost savings.
"We are pleased to collaborate with Arad Technologies to deliver smart city solutions that transform cities efficiently and power smart city planning," he added.
 
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