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Old 16-05-2016, 10:56 AM   #841
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So when I come across Warren Buffett quoting Peter Lynch "invest in businesses any idiot could run because someday one will." it synced with me so much.
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Old 16-05-2016, 01:53 PM   #842
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I was one of those bluff eat engineers. I haven't started investing at that time. I didn't even take the company shares, which would have been a big winner by now. In fact, I hated the company so much that I resigned. Many years later, I bought the share, and is still holding. I guess this is what they mean by don't get emotional in investing.
sorry mate. no hard feelings but because we deal with them often, I get outrageous requests . Want good, cheap and supplier do everything. Their engineers don't seem to have a clue what to do jsut throw soem random specifications. Everyone is just so kiasi to champion the project that often is a merry go round.

That formed a mental image "bluff eat engineers", but hey, STeng is still floating after all these days but thats why i am not bullish long term, short terms yes since they can still squeeze suppliers/ but for how long?

There are many bluff eat engineers also at DSTA and DSO and they are all earning good $$$.. such is life
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Old 16-05-2016, 02:11 PM   #843
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sorry mate. no hard feelings but because we deal with them often, I get outrageous requests . Want good, cheap and supplier do everything. Their engineers don't seem to have a clue what to do jsut throw soem random specifications. Everyone is just so kiasi to champion the project that often is a merry go round.

That formed a mental image "bluff eat engineers", but hey, STeng is still floating after all these days but thats why i am not bullish long term, short terms yes since they can still squeeze suppliers/ but for how long?

There are many bluff eat engineers also at DSTA and DSO and they are all earning good $$$.. such is life
I feel that their bluff eat mentality is super strong. They took on the ugly side of both govt and civil sector.

I.e. Business is profit driven, but people's mentality is that the job iron rice bowl and do minimum is enough.
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Old 16-05-2016, 02:31 PM   #844
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sorry mate. no hard feelings but because we deal with them often, I get outrageous requests . Want good, cheap and supplier do everything. Their engineers don't seem to have a clue what to do jsut throw soem random specifications. Everyone is just so kiasi to champion the project that often is a merry go round.

That formed a mental image "bluff eat engineers", but hey, STeng is still floating after all these days but thats why i am not bullish long term, short terms yes since they can still squeeze suppliers/ but for how long?

There are many bluff eat engineers also at DSTA and DSO and they are all earning good $$$.. such is life
Sounds like man in green group...
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Old 16-05-2016, 02:46 PM   #845
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I feel that their bluff eat mentality is super strong. They took on the ugly side of both govt and civil sector.

I.e. Business is profit driven, but people's mentality is that the job iron rice bowl and do minimum is enough.
yes you are right

Sounds like man in green group...
nah.. i am from the private sector. one day when you deal with them you will understand what i meant. ooh ya not to mention they are very rude. there was an incident the project manager used vulgarities over the phone because thigns were delayed as no one wants to make a decision. I told him if he is going continuing with the abuse i will hang up and he commented: " you act decent is it? in army never use 4 letter word before!" well, we are all NOT in army haha.. so i dont see the point arguing. i reported him to his HR whom was also having a hard time with his team i didnt tell him i was small small tiny a shareholder of his company

hope the company share dont tank because i am holding on as well. of cus one off incidents does not meant all are like that but most are.
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Old 16-05-2016, 03:05 PM   #846
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yes you are right



nah.. i am from the private sector. one day when you deal with them you will understand what i meant. ooh ya not to mention they are very rude. there was an incident the project manager used vulgarities over the phone because thigns were delayed as no one wants to make a decision. I told him if he is going continuing with the abuse i will hang up and he commented: " you act decent is it? in army never use 4 letter word before!" well, we are all NOT in army haha.. so i dont see the point arguing. i reported him to his HR whom was also having a hard time with his team i didnt tell him i was small small tiny a shareholder of his company

hope the company share dont tank because i am holding on as well. of cus one off incidents does not meant all are like that but most are.
No la i mean STE productivity like army.
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Old 16-05-2016, 03:31 PM   #847
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No la i mean STE productivity like army.
is it? i thought army more efficient
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Old 16-05-2016, 04:09 PM   #848
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as much as I see their inefficiency during NSF and reservists day (4 workers crowding around a down vehicle when 1 is enough), I still like STE because it is tied heavily to SAF. SG needs and wants a homegrown defense contractor.

Vehicles by STK. Range by STK. My training simulations by ST Electronics. Signal sets by ST Microelectronics.

If STE is able to cut its inefficiencies, all the better. But as of now, I think I am satisfied
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Old 16-05-2016, 04:14 PM   #849
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Sry bluff eat == eat snake??
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Old 16-05-2016, 05:03 PM   #850
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Sry bluff eat == eat snake??
yes. pian jiak.
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Old 16-05-2016, 06:11 PM   #851
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sorry mate. no hard feelings but because we deal with them often, I get outrageous requests . Want good, cheap and supplier do everything. Their engineers don't seem to have a clue what to do jsut throw soem random specifications. Everyone is just so kiasi to champion the project that often is a merry go round.

That formed a mental image "bluff eat engineers", but hey, STeng is still floating after all these days but thats why i am not bullish long term, short terms yes since they can still squeeze suppliers/ but for how long?

There are many bluff eat engineers also at DSTA and DSO and they are all earning good $$$.. such is life
As tiong would say, 没事.

STeng is still floating, and will still float for a long time because it is a monopoly (on Mindef contracts, and defense budget is one of the biggest constituent). Defense contracts does not include just buying or building/modifications but also maintenance. And those income lasts several years, and can only be taken by STeng. I am not sure if fund managers know about all these details or not. Well, I have to stop here.

DSTA don't do too much technical stuffs, perhaps some system level thing, as their main KPI is contract negotiation. DSO is the research arm. Their engineers should have higher standards then STeng. I had several ex-colleagues jump ship from STeng to DSO, but only one went the other way. My guess is, like another R&D organizations in MNCs/SMEs, DSO is more like a cost centre. (how to have R&D and revenue at the same time?) At least, STeng has production and maintenance that can generate revenue.
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Old 16-05-2016, 07:17 PM   #852
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As tiong would say, 没事.

STeng is still floating, and will still float for a long time because it is a monopoly (on Mindef contracts, and defense budget is one of the biggest constituent). Defense contracts does not include just buying or building/modifications but also maintenance. And those income lasts several years, and can only be taken by STeng. I am not sure if fund managers know about all these details or not. Well, I have to stop here.

DSTA don't do too much technical stuffs, perhaps some system level thing, as their main KPI is contract negotiation. DSO is the research arm. Their engineers should have higher standards then STeng. I had several ex-colleagues jump ship from STeng to DSO, but only one went the other way. My guess is, like another R&D organizations in MNCs/SMEs, DSO is more like a cost centre. (how to have R&D and revenue at the same time?) At least, STeng has production and maintenance that can generate revenue.
applying to join ST nao!!!
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Old 16-05-2016, 08:25 PM   #853
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as much as I see their inefficiency during NSF and reservists day (4 workers crowding around a down vehicle when 1 is enough), I still like STE because it is tied heavily to SAF. SG needs and wants a homegrown defense contractor.

Vehicles by STK. Range by STK. My training simulations by ST Electronics. Signal sets by ST Microelectronics.

If STE is able to cut its inefficiencies, all the better. But as of now, I think I am satisfied
ST Micro isn't Singporean but rather French-Italian, and has nothing to do with STEngg other than sharing the "ST" name.
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Old 16-05-2016, 08:59 PM   #854
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wah so many gossips and emotional feel on STE

I m holding
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Old 16-05-2016, 10:34 PM   #855
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had a horrible internship exp. at there last time... anyway holding on to their stocks too
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