ST Engineering *Official* (SGX: S63)

[wahkao3]

Please provide us with the reliable data then

U can get reliable data from their earnings report from sgx website. And its free

 

[sandwicher]

This thread is reborn?

So are you?

 

[Shion]

This thread is reborn?

Reborn, yes

Hope it stays well

 

[dork32]

it broke 3.4 this morning. not too bad performance.

kev would say that if i had put my money into silverlake, i would have won more. he is right. but st eng is not bad as well.

 

[ValueInvestor]

3.40 shiok shiok

4.5% dividend yield + capital gains riao hehehehehe

 

[stupid_manu]

Waiting for St to break 3.4... Average price is 3.45 for nme

Sent from OnePlus A0001 using GAGT

 

[ValueInvestor]

ST Engineering kept at ‘hold’ with price target of $3.33 by OCBC

By Amy Tan / theedgemarkets.com | July 16, 2015 : 4:37 PM MYT
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SINGAPORE (16 July): ST Engineering recently announced that it had secured new aerospace contracts worth $920 million in 2Q2015.

These new orders include projects ranging from airframe, component and engine maintenance, to engine wash and pilot training. Notable contracts include a $472 million engine maintenance contract from Jet Airways and a $135 million component maintenance-by-the-hour contract from Flybe.

ST Engineering previously reported an order book of $12.2 billion during its 1Q2015 results briefing, of which it will be looking to deliver some $3 billion in 2015.

Separately, ST Engineering’s share price tumbled almost 12% from a previous peak of $3.66 to a $3.23 low recently, after it guided for a muted 1H2015 outlook.

OCBC Investment Research observes that even after the recent tumble, the company’s valuations are just ‘fair’, given the still-muted outlook of the marine sector.

In a research note released on July 16, OCBC points out that ST Engineering is trading around 12.3 times EV/EBITDA, almost in line with the five-year average of 12.4 times.

It is also around 18.7 times consensus FY2015 earnings per share versus the broker’s 19 times valuation.

Further downside may be limited, given that the company has embarked on a share buyback programme. To date, it has bought back around 1.6 million shares at an average of $3.27. This is 3% out of an allowable 62.2 million shares.

With 2Q2015 results around the corner, OCBC is holding off making any adjustments to its forecasts.

“Still, the expected dividend yield of 4.4% for FY2015 is relatively decent in our view, hence we maintain our ‘hold’ on the stock with an unchanged fair value of $3.33,” it says.

ST Engineering shares were 0.9% higher at $3.41 as at 4.36 p.m.



I am vested with 6,000 shares

cheers

 

[RedSlayer]

Waiting for 3.2+ levels before entering again. Will the boat come back?
Turning CD soon. Dividends in Aug likely to remain at 4c?

 

[ValueInvestor]

Waiting for 3.2+ levels before entering again. Will the boat come back?
Turning CD soon. Dividends in Aug likely to remain at 4c?

I worry the boat might have left port already

but can wait for Q2 results to confirm

 

[dork32]

ST Engineering kept at ‘hold’ with price target of $3.33 by OCBC

By Amy Tan / theedgemarkets.com | July 16, 2015 : 4:37 PM MYT
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SINGAPORE (16 July): ST Engineering recently announced that it had secured new aerospace contracts worth $920 million in 2Q2015.

These new orders include projects ranging from airframe, component and engine maintenance, to engine wash and pilot training. Notable contracts include a $472 million engine maintenance contract from Jet Airways and a $135 million component maintenance-by-the-hour contract from Flybe.

ST Engineering previously reported an order book of $12.2 billion during its 1Q2015 results briefing, of which it will be looking to deliver some $3 billion in 2015.

Separately, ST Engineering’s share price tumbled almost 12% from a previous peak of $3.66 to a $3.23 low recently, after it guided for a muted 1H2015 outlook.

OCBC Investment Research observes that even after the recent tumble, the company’s valuations are just ‘fair’, given the still-muted outlook of the marine sector.

In a research note released on July 16, OCBC points out that ST Engineering is trading around 12.3 times EV/EBITDA, almost in line with the five-year average of 12.4 times.

It is also around 18.7 times consensus FY2015 earnings per share versus the broker’s 19 times valuation.

Further downside may be limited, given that the company has embarked on a share buyback programme. To date, it has bought back around 1.6 million shares at an average of $3.27. This is 3% out of an allowable 62.2 million shares.

With 2Q2015 results around the corner, OCBC is holding off making any adjustments to its forecasts.

“Still, the expected dividend yield of 4.4% for FY2015 is relatively decent in our view, hence we maintain our ‘hold’ on the stock with an unchanged fair value of $3.33,” it says.

ST Engineering shares were 0.9% higher at $3.41 as at 4.36 p.m.



I am vested with 6,000 shares

cheers

i mentioned a "hold" counter is not too bad. it used to be 4.5% dividend. now it is 4.4% because the price has risen since. it is not the 2.xx% which some funny websites reported.

 

[bigass]

In at $3.28， $3.4ish breaking very likelihood

 

[ValueInvestor]

In at $3.28， $3.4ish breaking very likelihood

really must depend on Q2 results, I pray for the best

either earnings maintained or up 5-10% I will be jin happy riao ^____^

 

[starfish.starfish]

really must depend on Q2 results, I pray for the best

either earnings maintained or up 5-10% I will be jin happy riao ^____^

My ave price is 3.7+, will see results before deciding to average down or buy others.

 

[ValueInvestor]

My ave price is 3.7+, will see results before deciding to average down or buy others.

Think got mid year dividends coming too, can heal u a bit hehe

 

[dork32]

Think got mid year dividends coming too, can heal u a bit hehe

aug dividend only 4 cents. does not help a lot.

 

[ValueInvestor]

Heal a bit, better than nothing ba

Bo bian

One year heal 4%++

Need a few years to heal some wounds lol

 

[ValueInvestor]

Waiting for St to break 3.4... Average price is 3.45 for nme

Sent from OnePlus A0001 using GAGT

If q2 results good, 3.5 no problem for sure
Especially if earnings up 5-10%

 

[starfish.starfish]

Think got mid year dividends coming too, can heal u a bit hehe

Yah loh, slowly see how. Luckily already healed quite nicely by my other stocks. Just want to see if it will keep bleeding and thus need to cut loss or they perform good this quarter to make some decisions. Pocket not as deep as yours so need to plan carefully.

 

[bigass]

niche market, and no doubt airline business is taking a hit from economy slowdown, overall the company is still getting contracts and withstanding the sluggish market.

very defensive stock, in past weeks of greece uncertainty and china stock correction, it did not fall below 3.2ish.

don't expect firework, if u are an investor, you should relook a bottom up analysis before doubting this counter.

 

[ValueInvestor]

OH NO


ST Engineering’s CEO Tan on medical leave after stroke

By PC Lee / theedgemarkets.com | July 20, 2015 : 7:17 AM MYT
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SINGAPORE (July 20) ST Engineering announced that its CEO Tan Pheng Hock is on medical leave of absence.

In a filing this morning, ST Engineering said Tan had suffered a mild stroke and was admitted to the hospital for observation.

The duration of his medical leave could be about four weeks pending doctors’ review of his condition and recommendations.

“We understand he is making good progress in his recovery,” said ST Engineering.

During his absence, Tan’s executive duties and responsibilities will be covered by Lee Fook Sun, Deputy CEO who will oversee the business functions, while Vincent Chong, Deputy CEO (Corporate Development), will continue to oversee corporate functions.

ST Engineering closed 2 cent higher at $3.40 last Thursday.