ST Engineering *Official* (SGX: S63)

Squaredot

Arch-Supremacy Member
Joined
Feb 12, 2009
Messages
16,619
Reaction score
3,895
ST Engineering’s Marine Arm Bags New Contracts Of About S$431m in 3Q2018
Total contract value includes options for five vessels

many contracts but share price buay ki
 

SBC

Arch-Supremacy Member
Joined
Mar 19, 2001
Messages
18,704
Reaction score
817
ST Engineering’s Marine Arm Bags New Contracts Of About S$431m in 3Q2018
Total contract value includes options for five vessels

many contracts but share price buay ki

Good good. This news was announced after trading hours today.
 

SBC

Arch-Supremacy Member
Joined
Mar 19, 2001
Messages
18,704
Reaction score
817
Recent high is 3.55.

Any view for next week? Short trading week
 

kehyi4

Senior Member
Joined
Aug 31, 2010
Messages
1,420
Reaction score
36
https://www.straitstimes.com/business/companies-markets/st-engineering-q3-profit-up-5-to-1346m

ST Engineering Q3 profit up 5% to $134.6m

SINGAPORE - Third-quarter net profit for Singapore Technologies Engineering (ST Engineering) went up by 5 per cent as improved bottomline contributions from aerospace, electronics and land systems more than offset declines seen in two other divisions.

ST Engineering posted a net profit of $134.59 million for the three months ended Sept 30, compared to $127.82 million for the corresponding quarter the year before.

Earnings per share for Q3 was 4.32 cents, up from 4.11 cents for the year-ago period.

Third-quarter revenue rose 1 per cent to $1.63 billion.

Nine-month net profit was 10.5 per cent higher at $369.79 million.

Aerospace contributed $55.4 million in net profit for Q3, 13 per cent higher largely on a gain from the partial divestment of an associate and higher gross profit.

Electronics expanded its Q3 net profit by 30 per cent to $55.5 million, supported by higher revenue and lower operating expenses.

Third-quarter net profit for land systems also advanced, by 45 per cent to $17.6 million, mainly driven by favourable sales mix and lower tax expense.

Conversely, the group posted a 35 per cent decline in Q3 net profit from its marine division while its other businesses slipped into a Q3 net loss of $6.7 million.

Third-quarter revenue contributions for aerospace and electronics went up by 13 per cent and 2 per cent respectively, more than offsetting declines of between 10 per cent to 50 per cent in contributions from land systems, marine and other businesses.

The group flagged its proposed acquisition of General Electric's MRA Systems, LLC (MRAS) for about U$630 million as a key highlight for the third quarter.

It said that this business will scale up its aerospace capabilities by moving the group upstream into the OEM business of high-value components.

It also expects to complete the acquisition in the first quarter of 2019.

The group's order book stood at $13.3 billion as at Sept 30, with about $1.6 billion expected to be delivered in the remaining months of 2018.

ST Engineering's shares last changed hands at $3.46 on Tuesday, down four cents.
 

netzach

High Supremacy Member
Joined
Nov 28, 2011
Messages
39,545
Reaction score
2,679
^ was actually expecting much more lol. It was bagging high value contracts in recent times. But nonetheless, it’s one rock solid steady defensive stock. Would very much love to Jeep for the portfolio. :)
 

SBC

Arch-Supremacy Member
Joined
Mar 19, 2001
Messages
18,704
Reaction score
817
Ya lor. Q3 result does not warrant the recent persistence of the current pricing.
 

SBC

Arch-Supremacy Member
Joined
Mar 19, 2001
Messages
18,704
Reaction score
817
Closed on the high at 3.49.

It can bounce to day high of 3.55 any time.
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Top