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ST Engineering *Official* (SGX: S63)

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Old 12-01-2016, 09:47 PM   #361
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Got ah gong look after, no fear...

SINGAPORE - The Singapore Armed Forces (SAF) has responded to speculation that Chinese contractors are packing their parachutes.

The SAF continues to fully employ parachute riggers, particularly for key operations and training, it said in a Facebook post on Tuesday (Jan 12).

"In order to optimise our resources, we have outsourced the parachute-packing function to Singapore Technologies - a reputable local company," said the Facebook post quoting Chief Commando Officer Colonel Simon Lim.

Singapore netizen Leslie Ang made the claim in a post on Jan 10 that was shared close to 1,000 times.

"Learnt from my brother-in-arms our former SAF Riggers' job of preparing our parachutes are now outsourced to PRC contractors!" he said in the post.

SAF clarified in its Facebook post that many of the parachute-packing staff at Singapore Technologies (ST) are former riggers from the Commando unit.

All of the staff undergo training conducted by the SAF Master Rigger. The training is benchmarked against the United States Federal Aviation Administration standards.

"The SAF Master Rigger certifies ST's staff to pack the parachutes, and closely supervises the packing process," Col Lim said.

Singapore Technologies has been packing parachutes for the SAF since 2010, and there have been zero parachute reliability issues, he said.

Mr Leslie Ang responded to the statement on Tuesday: "Chief Commando Officer responded accordingly. Outsourcing is affirmatively awarded to Singapore Technologies. Former riggers form their employees pool. Thank you."
http://www.straitstimes.com/singapor...ok#xtor=CS1-10
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Old 12-01-2016, 09:50 PM   #362
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Got ah gong look after, no fear...

http://www.straitstimes.com/singapor...ok#xtor=CS1-10
Swee! Support local!
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Old 12-01-2016, 10:21 PM   #363
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虚惊一场。。。lol was asaga at edmw yest.

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Old 12-01-2016, 11:17 PM   #364
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serve army before, can see how involved ST engineering in sg military defense, particularly ST Kinetics. since sg will never give up its defense, st eng cfm here to stay for v v long time. one of the reason im invested for the nong nong term.
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Old 12-01-2016, 11:18 PM   #365
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serve army before, can see how involved ST engineering in sg military defense, particularly ST Kinetics. since sg will never give up its defense, st eng cfm here to stay for v v long time. one of the reason im invested for the nong nong term.
Witnessed some failures of stk too... but they still earn money from the failures.

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Old 13-01-2016, 08:08 PM   #366
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ST Engineering's electronics arm clinches contracts worth $435 million in 4Q

http://www.theedgemarkets.com/en/node/253643
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Old 13-01-2016, 08:16 PM   #367
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This counter quite defensive
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Old 13-01-2016, 09:09 PM   #368
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ST Engineering's electronics arm clinches contracts worth $435 million in 4Q

http://www.theedgemarkets.com/en/node/253643
STE closed 1% higher, not lower as quoted in the report
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Old 13-01-2016, 11:07 PM   #369
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SINGAPORE (Jan 13): Singapore Technologies Engineering says on Wednesday that it has secured $435 million worth of contracts in the last quarter of last year.

The contracts were secured by its electronic arm, Singapore Technologies Electronics, for Rail Electronic & Transportation, Satellite & Broadband Communications, as well as Advanced Electronics & Information Communications Technologies solutions.

For Rail Electronics & Intelligent Transportation, ST Engineering’s contracts worth $91 million came from local and foreign customers in China, Hong Kong and Taiwan and will be completed progressively till end of 2020.

It secured $107 million in contracts from government, telecom and enterprise users worldwide for the supply of satellite network equipment, earth stations and man-pack terminals.

About $237 million worth of Advance Electronics & ICT contracts were secured from the public and private sectors, which include works in Intelligent Security Management System and others. These projects will be completed progressively till 2025.

In 2015, ST Electronics secured order worth $1.61 billion. The company plans to start construction for a fifth building at the ST Electronics cluster at Ang Mo Kio Electronics Park Road in 4Q2015.

ST Engineering closed 1% lower to $2.90.
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Old 13-01-2016, 11:08 PM   #370
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SINGAPORE (Jan 13): Singapore Technologies Engineering says on Wednesday that it has secured $435 million worth of contracts in the last quarter of last year.

The contracts were secured by its electronic arm, Singapore Technologies Electronics, for Rail Electronic & Transportation, Satellite & Broadband Communications, as well as Advanced Electronics & Information Communications Technologies solutions.

For Rail Electronics & Intelligent Transportation, ST Engineering’s contracts worth $91 million came from local and foreign customers in China, Hong Kong and Taiwan and will be completed progressively till end of 2020.

It secured $107 million in contracts from government, telecom and enterprise users worldwide for the supply of satellite network equipment, earth stations and man-pack terminals.

About $237 million worth of Advance Electronics & ICT contracts were secured from the public and private sectors, which include works in Intelligent Security Management System and others. These projects will be completed progressively till 2025.

In 2015, ST Electronics secured order worth $1.61 billion. The company plans to start construction for a fifth building at the ST Electronics cluster at Ang Mo Kio Electronics Park Road in 4Q2015.

ST Engineering closed 1% lower to $2.90.
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Old 13-01-2016, 11:16 PM   #371
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SINGAPORE (Jan 13): Singapore Technologies Engineering says on Wednesday that it has secured $435 million worth of contracts in the last quarter of last year.

The contracts were secured by its electronic arm, Singapore Technologies Electronics, for Rail Electronic & Transportation, Satellite & Broadband Communications, as well as Advanced Electronics & Information Communications Technologies solutions.

For Rail Electronics & Intelligent Transportation, ST Engineering’s contracts worth $91 million came from local and foreign customers in China, Hong Kong and Taiwan and will be completed progressively till end of 2020.

It secured $107 million in contracts from government, telecom and enterprise users worldwide for the supply of satellite network equipment, earth stations and man-pack terminals.

About $237 million worth of Advance Electronics & ICT contracts were secured from the public and private sectors, which include works in Intelligent Security Management System and others. These projects will be completed progressively till 2025.

In 2015, ST Electronics secured order worth $1.61 billion. The company plans to start construction for a fifth building at the ST Electronics cluster at Ang Mo Kio Electronics Park Road in 4Q2015.

ST Engineering closed 1% lower to $2.90.


Nice. Let's see what is the open price tomorrow. Think at least 2.93
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Old 13-01-2016, 11:17 PM   #372
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low NAV, overpriced.

not vested.
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Old 13-01-2016, 11:25 PM   #373
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low NAV, overpriced.

not vested.
Are u Kev's clone?
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Old 14-01-2016, 12:08 AM   #374
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Are u Kev's clone?
almost forgot about the bet the 2 had
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Old 14-01-2016, 12:38 AM   #375
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Are u Kev's clone?
Who is kev
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