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Old 19-12-2017, 10:51 AM   #991
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the price is low now.. can hoot for keeping
now still can hoot? 3.20$
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Old 19-12-2017, 03:32 PM   #992
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towards end of dec then hoot
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Old 20-12-2017, 11:48 AM   #993
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Anybody buying this?
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Old 20-12-2017, 12:50 PM   #994
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Waiting to scoop at 3.0x to 3.1x
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Old 20-12-2017, 04:39 PM   #995
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Waiting to scoop at 3.0x to 3.1x
Recover liao
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Old 22-12-2017, 09:48 AM   #996
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http://www.businesstimes.com.sg/gove...erations-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."
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Old 22-12-2017, 08:37 PM   #997
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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.
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Old 17-01-2018, 07:51 PM   #998
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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/fundame...counter=S63.SI
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Old 19-01-2018, 07:03 PM   #999
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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.
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Old 22-01-2018, 06:01 PM   #1000
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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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Old 05-02-2018, 04:06 PM   #1001
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ST Aerospace secures contracts from Lufthansa Cargo, Air Canada
Mon, Feb 05, 2018 - 3:22 PM Stephanie Luo stephluo@sph.com.sg

ST Aerospace, an arm of ST Engineering, has secured two contracts from Lufthansa Cargo and Air Canada.
On Monday, the company said it won a five-year exclusive contract in heavy maintenance support worth US$30 million (S$39 million) from Lufthansa.
ST Aerospace added that the MD-11 Heavy Maintenance Support contract will enable the company to become the sole service provider supporting Lufthansa Cargo's MD-11 fleet in both light and heavy C-checks starting from 2019.
Separately, ST Aerospace announced that, through its US affiliate company, VT San Antonio Aerospace, it has secured a contract from Air Canada to perform interior reconfiguration services on part of the airline's Boeing 787 Dreamliner fleet.
This cabin reconfiguration contract follows a long-term agreement with Air Canada, announced in June 2017, for heavy maintenance services on the Canadian operator's 787 fleet, the company said.
According to ST Aerospace, it is the world's largest commercial airframe maintenance, repair & overhaul (MRO) provider, and has a track record of over 15,000 commercial aircraft maintained and modified since 1990.
It has a network of facilities in the Americas, Asia Pacific and Europe that is "capable of accommodating 40 widebody, 27 narrowbody and 24 general aviation aircraft simultaneously", and provides support to airlines, airfreight and military operators.
ST Aerospace will be showcasing its MRO capabilities and other aerospace solutions at the Singapore Airshow 2018 from Feb 6 to 11.
ST Engineering was trading at 3 Singapore cents lower to S$3.32 as at 3.05pm.

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Old 06-02-2018, 07:46 PM   #1002
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ST Electronics to develop commercial satellite system with SatixFy UK
Tue, Feb 06, 2018 - 6:29 PM Wong Kai Yi kaiyiw@sph.com.sg

ST Engineering's electronics arm, ST Electronics, announced it has signed an agreement with SatixFy UK to create a joint venture company (JVCo), aimed at developing a satellite antenna system to deliver "enhanced" in-flight connectivity for commercial aviation.
ST Electronics will invest US$20 million for a 49 per cent stake in the JV, with the remaining 51 per cent controlled by SatixFy UK, which describes itself as a provider of baseband modem and electronically steerable antenna chips, products and solutions, and is headquartered in Israel.
In a media statement, ST Engineering said the concept which the JVCo will build on uses SatixFy UK's Digital Beam Forming technology.
The technology will enable "seamless and simultaneous communications with multiple satellites, at higher performance, lower SWAP (size, weight and power) and significantly lower cost than existing solutions".
"In addition to providing enhanced broadband connectivity experience for in-flight passengers, the technology will improve operational efficiencies of commercial and business airline operators," ST Engineering said in the statement.
The JVCo will be headquartered in the UK, and according to ST Electronics, is part of the group's strategy to "enhance its global access to the emerging high growth commercial aviation connectivity market".
Ravinder Singh, ST Electronics' president, said the JV will help enhance the group's satellite communications business.
"We believe this innovative technology has the potential to generate tremendous value for the growing worldwide aviation connectivity market," Mr Singh said.
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Old 07-02-2018, 03:51 PM   #1003
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Singapore Airshow 2018: ST Aerospace's JV wins contract for A321 passenger-to-freighter conversion from Vallair
Wed, Feb 07, 2018 - 3:30 PM Nisha Ramchandani nishar@sph.com.sg

ST Aerospace subsidiary, Elbe Flugzeugwerke (EFW), has landed a contract from Vallair Solutions Sārl (Vallair) to convert 10 A321-200 passenger aircraft to 14-pallet freighters (P2F).
The first aircraft will be inducted in the last quarter of 2018, scheduled for redelivery by end of 2019. A value for the deal was not revealed.
Gregoire Lebigot, chief executive of aviation company Vallair, said: "We see a huge potential in the A321P2F, not only as a replacement of the B757 freighter, but as a key tool for the cargo industry to achieve the projected growth rate of the air freight market in general - in particular, driven by express services and e-commerce."
Lim Serh Ghee, president of ST Aerospace added: "As the e-commerce and express market continues to grow, our investments in new freighter conversion programmes will allow us to seize the opportunities created by the uptick in freighter demand. While offering a strong proposition with its unique container position in the lower deck, the A321P2F will also complement our other freighter solutions to provide customers with a range of options."
EFW is a 55:45 joint venture between ST Aerospace and planemaker Airbus.
The A321P2F conversion programme is the first in its size category to offer containerised loading in both the main deck - up to 14 container positions - and lower deck, with up to 10 container positions. It has a payload-range capability that can carry up to 27.9 tonnes over 2,300 nautical miles.
Other P2F works carried out by ST Aerospace and EFW for Airbus freighters include the A330 which has two variants - the A330-200P2F and the larger A330-300P2F. EFW redelivered the first A330-300 freighter in December last year.
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Old 08-02-2018, 05:16 PM   #1004
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Singapore Airshow 2018: ST Aerospace unit inks LOI for potential A320 P2F conversion order
Thu, Feb 08, 2018 - 3:40 PM Nisha Ramchandani nishar@sph.com.sg

ELBE Flugzeugwerke (EFW), the joint venture between ST Aerospace and Airbus, has entered into a letter of intent (LOI) with Guangdong Aerocity Holding Co (GDA) for a potential order of 10 A320 Passenger-to-Freighter (P2F) conversions.
The LOI has a validity period till year end and comes a day after EFW announced it had secured a launch contract for an order of 10 A321 P2F conversions at the Singapore Airshow. For EFW, these are the first P2F conversion contracts for A320 and A321 aircraft.
Dr Andreas Sperl, chief of EFW said: "We hope to secure a firm order before long from Guangdong Aerocity, whom we look forward to supporting together with our parent company, ST Aerospace, and its global network of maintenance facilities."
The A320/A321 P2F conversion programmes are the first in its size category with both main deck and lower deck containerised loading, making A320/A321 P2F an ideal solution for express domestic and regional operations, said EFW.
Other P2F solutions that ST Aerospace and EFW have in their family of Airbus freighters include the A330 which has two variants - the A330-200 P2F and the larger A330-300 P2F. EFW redelivered the first A330-300 freighter in December last year.
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Old 08-02-2018, 10:01 PM   #1005
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ST Engineering divests 5% stake in ST Aerospace Guangzhou for US$7m
Thu, Feb 08, 2018 - 8:17 PM Vivien Shiao vshiao@sph.com.sg

SINGAPORE Technologies Engineering (ST Engineering) announced after trading hours on Thursday that it is divesting its 5 per cent stake in ST Aerospace (Guangzhou) Aviation Services Company, a joint venture with Guangdong Airport Authority, to Japan Airlines for a consideration of US$7 million.
The consideration was arrived at taking into account STA Guangzhou's current performance, net asset value and growth potential in Guangzhou's Baiyun International Airport, according to a filing by ST Engineering.
Upon completion of the deal - which is subject to customary closing conditions - ST Aerospace and Guangdong Airport Authority will each own 44 per cent and 51 per cent stake respectively in STA Guangzhou, while Japan Airlines will become a strategic partner of the joint venture with a 5 per cent stake.
STA Guangzhou, set up in 2014, is an aircraft maintenance, repair and overhaul (MRO) station located within Guangzhou Baiyun International Airport in China.
"Given Japan Airlines' strong reputation in quality and standards for both its services and demands placed on MRO providers, the new partnership will facilitate cross-learning and enable STA Guangzhou to enhance its own standing in safety and quality, and be better positioned for greater growth," said ST Engineering in a statement.
The divestment is 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.
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