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krisluke
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14-Aug-2013 22:15
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ST Engineering?s Q2 Revenues Stay Flat 
ST Engineering Limited (SGX: S63) posted a second quarter of 2013 (2Q 2013) revenue of $1.59b, as compared to $1.57b in 2Q 2012, an increase of 1.7%. Revenues for the various business divisions such as Aerospace, Electronics and Land Systems were at $506m, $354m and $392m respectively. The net profit was at $147.9m, compared with 2Q 2012?s $143.1m. For the first-half of 2013 (1H 2013), ST Engineering saw a revenue of $3.14b, compared to $3.11b in the same period last year. Net profit was at $281.9m, an increase of 1.6% over 1H 2012. The company said, ?The global business sentiment softened and markets were volatile on fears of the tapering of the US economic stimulus programme and softening Chinese economy. Through this period of uncertainty, Singapore Technologies Engineering Ltd (ST Engineering) maintained a steady business momentum with revenue and earnings performance comparable to that achieved for the same period in 2012.? The earnings per share stands at 9.11 cents for 1H 2013. The total borrowing stands at $1.4 billion as of 30 June 2013. The net cash generated from operating activities was $483.5 million for 1H 2013, as compared to $674.9 million in 1H 2012. This was a dip of 28.4%. For the rest of 2013, the company expects to deliver $2.8 billion out of the order book, which stood at $12.7 billion at end June 2013. The company will pay an interim dividend of 3 Singapore cents per share. The shares closed at $4.29 on results announcement day. |
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bishan22
Elite |
14-Aug-2013 10:11
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10L=$300 . Not bad for a nice dinner. Thank u Mr Tan.
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krisluke
Supreme |
14-Aug-2013 10:02
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ST Engineering net profit improves slightly to $147.9mUp 3.3% from 2Q 2012. ST Engineering reported the minimal net profit improvement over the second quarter ended 30 June 2013 (2Q2013) despite the softening of global business sentiment and market volatility due to fears of the tapering of the US economic stimulus programme and the softening Chinese economy. Through what it called a " period of uncertainty," Singapore Technologies Engineering Ltd (ST Engineering) maintained a steady business momentum with revenue and earnings performance comparable to that achieved for the same period in 2012. The Group posted quarterly revenue of $1.59b, compared with the prior year revenue of $1.57b for the same period. Revenues for the Group?s Aerospace, Electronics and Land Systems sectors at $506m, $354m and $392m respectively were comparable to 2Q2012. Marine sector?s revenue increased 12% from $277m in 2Q2012 to $311m, due mainly to higher shipbuilding activities from its Singapore operations. EBIT totalled $177.7m, an increase of 7% from $165.9m a year earlier. Group profit before tax (PBT) was $189.3m versus $187.8m for 2Q2012. All sectors, except for Aerospace sector which recorded comparable PBT, achieved higher PBT growth of between 7% and 13%. Of note, PBT for the prior year period included a non-recurring gain of $12.8m from the disposal of properties by the Aerospace and Land Systems sectors. Quarterly net profit after tax (Net Profit) was $147.9m, compared with the prior year $143.1m for the same period. This leads to an earnings per ordinary share of 4.78 cents, compared to 4.67 cents in the same period last year. For the six months ended 30 June 2013 (1H2013), the Group registered revenue of $3.14b compared to $3.11b in the same period last year. PBT and Net Profit at $351.4m and $281.9m respectively were comparable to 1H2012. " The Group?s EBIT increased by 7% and Net Profit grew 3%, while Revenue was comparable to 2Q2012. 1H2013 Revenue was comparable to 1H2012, while Net Profit grew 2%. The Group continued to secure new orders and ended the period with a strong order book of $12.7b and cash and cash equivalents including funds under management remained high at $2.1b after payment of final dividends for FY2012 of $428m. The Board of Directors has approved the payment of an interim ordinary dividend of 3 cents per share, payable on 13 September 2013. Barring unforeseen circumstances, the Group expects to achieve higher Revenue and PBT for FY2013 compared to FY2012.? said TAN Pheng Hock, President & CEO, ST Engineering. Commercial sales constituted 62% or $1.0b of 2Q2013 revenue. For the rest of the year, the Group expects to deliver $2.8b out of the order book, which stood at $12.7b at end June 2013. The Group?s four business sectors ended the second quarter with several contracts secured. Specifically, its Aerospace sector announced contracts of about $430m for airframe, component and engine maintenance, as well as VIP interior modifications. Its Electronics sector announced contracts worth $206.8m for projects in the areas of rail electronics, satellite communications and communications systems. For the Land Systems and Marine sectors, there were a number of contract wins which were for regular specialty vehicles and services for the Land Systems sector, and regular ship repair works for the Marine sector. In keeping with the Group?s commitment of rewarding its shareholders, the Board approved an interim ordinary dividend of 3 cents per share, payable on 13 September 2013. |
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krisluke
Supreme |
14-Aug-2013 10:01
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The Three Numbers That Power ST Engineering As investors, it?s not just enough to see our companies earn profits and share the spoils with us in the form of dividends. Ideally, we also want to see the companies we invest in deliver good returns on our money.
This is where Return on Equity can be a useful metric to look at. My Foolish colleague David Kuo calls it a ?one-duck-eat-three-ways-meal? (I?ll have to check back with David, but it?s likely in the spirit of how the meat from a Peking-duck can be used to prepare two other dishes!) because the figure can be broken down into three other components. These components in turn, can then provide us with useful insights into what makes the company tick. ST Engineering (SGX: S63) is a S$13b engineering and defence company that supports the Singapore Armed Forces in addition to providing engineering services to the aerospace, electronics and marine sectors among others. The company has a very high Return on Equity of 30%, thrice that of the average of 10% for the 30 companies that make up the Straits Times Index (SGX: ^STI). So, what gives ST Engineering that extra-juice to become three times as effective as the average company in making a profit on each shareholder-dollar? For starters, it?s certainly not the company?s net income margin of 9%. It only makes a $9 profit for every $100 in sales while the average company in the market earns $19 in profit for every $100 in revenue. So, ST Engineering?s slim profit margins (less than half the market average) aren?t worth that much to cheer about. ST Engineering?s asset turnover of 0.83 is also not particularly high, given the market?s average of around 0.5. The asset turnover measures the amount of sales generated from each dollar of asset a company holds. Now, the leverage ratio, which is the amount of assets a company has acquired in relation to its equity, is where ST Engineering comes out tops. Beer brewer Thai Beverage (SGX: Y92) achieved its unusually high 45% Return on Equity by leveraging its equity by 2.4 times to acquire income-producing assets. But that pales in comparison to ST Engineering?s leverage ratio of 4. With the market average at only 1.7, ST Engineering is taking on a lot more liabilities to earn its profits as compared to others. With all three components, we now have a better picture of what powers ST Engineering?s very high Return on Equity of 30%. It has been achieved through a net profit margin of 9%, asset turnover of 0.83 and a leverage ratio of 4. Part of ST Engineering?s high leverage ratio is the result of it accepting payments from customers in advance of actual work being delivered. As of 31 March 2013, it had S$2.03b worth of goods and services to be delivered to its customers in the future even though payments have already been made. It might be worthwhile for investors to keep an eye on ST Engineering?s ability to meet those deliverables. |
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krisluke
Supreme |
14-Aug-2013 09:29
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WoW ! UOB Kay Hian maintain HOLD with $8.05  TP ? ?
web link: http://alanu6.blogspot.sg/2013/08/st-engineering.html |
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krisluke
Supreme |
14-Aug-2013 09:25
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ST Engineering: Decent set of results which was largely in-line. Good performance at the Aerospace and Land System division helped to offset the flat y-y performance in Electronics & Marine. Lower other income was a drag, partially offset by a y/y increase in contribution from associate and lower taxes. Consequently, 2Q13 net profit was up 3.3% y/y at $147.9m. There were a number of one-off gains on disposal on property and investment this year and last year. Adjusting for these, profit before taxes would have increased by 6% y/y instead of 0.8% y/y and the adjusted net profit y-y growth would also have been higher by a similar differential. Going forward, management maintains their guidance for the full year and expect higher revenues and PBT to be achieved in FY13F, implying that PBT in 2H13 will be much stronger than 1H13. This is expected to be the case across all divisions, according to management. The group has an order book of $12.7b as at June 2013 and stretches its earnings visibility for at least 3 years, while its balance sheet remains robust with a net cash position of $0.7b. Latest brokers ratings as follows: Maybank-KE maintains Buy with $4.80 TP CS maintains U/p with $3.40 TP Deutsche maintains Buy with $4.70 TP Nomura maintains Neutral with $4.31 TP UOB Kay Hian maintains Hold with $8.05 TP |
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krisluke
Supreme |
13-Aug-2013 21:35
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Singapore Technologies Engineering Ltd. : ST Engineering Reports Higher EBIT Compared To 2Q2012 Singapore, 13 August 2013 - Over the second quarter ended 30 June 2013 (2Q2013), the global business sentiment softened and markets were volatile on fears of the tapering of the US economic stimulus programme and softening Chinese economy. Through this period of uncertainty, Singapore Technologies Engineering Ltd (ST Engineering) maintained a steady business momentum with revenue and earnings performance comparable to that achieved for the same period in 2012. Second Quarter Results The Group posted quarterly revenue of $1.59b, compared with the prior year revenue of $1.57b for the same period. Revenues for the Group's Aerospace, Electronics and Land Systems sectors at $506m, $354m and $392m respectively were comparable to 2Q2012. Marine sector's revenue increased 12% from $277m in 2Q2012 to $311m, due mainly to higher shipbuilding activities from its Singapore operations. EBIT totalled $177.7m, an increase of 7% from $165.9m a year earlier. Group profit before tax (PBT) was $189.3m versus $187.8m for 2Q2012. All sectors, except for Aerospace sector which recorded comparable PBT, achieved higher PBT growth of between 7% and 13%. Of note, PBT for the prior year period included a non-recurring gain of $12.8m from the disposal of properties by the Aerospace and Land Systems sectors. Quarterly net profit after tax (Net Profit) was $147.9m, compared with the prior year $143.1m for the same period. This leads to an earnings per ordinary share of 4.78 cents, compared to 4.67 cents in the same period last year. Six Month Results For the six months ended 30 June 2013 (1H2013), the Group registered revenue of $3.14b compared to $3.11b in the same period last year. PBT and Net Profit at $351.4m and $281.9m respectively were comparable to 1H2012. " The Group's EBIT increased by 7% and Net Profit grew 3%, while Revenue was comparable to 2Q2012. 1H2013 Revenue was comparable to 1H2012, while Net Profit grew 2%. The Group continued to secure new orders and ended the period with a strong order book of $12.7b and cash and cash equivalents including funds under management remained high at $2.1b after payment of final dividends for FY2012 of $428m. The Board of Directors has approved the payment of an interim ordinary dividend of 3 cents per share, payable on 13 September 2013. Barring unforeseen circumstances, the Group expects to achieve higher Revenue and PBT for FY2013 compared to FY2012." ~ TAN Pheng Hock, President & CEO, ST Engineering Business Highlights Commercial sales constituted 62% or $1.0b of 2Q2013 revenue. For the rest of the year, the Group expects to deliver $2.8b out of the order book, which stood at $12.7b at end June 2013. The Group's four business sectors ended the second quarter with several contracts secured. Specifically, its Aerospace sector announced contracts of about $430m for airframe, component and engine maintenance, as well as VIP interior modifications. Its Electronics sector announced contracts worth $206.8m for projects in the areas of rail electronics, satellite communications and communications systems. For the Land Systems and Marine sectors, there were a number of contract wins which were for regular specialty vehicles and services for the Land Systems sector, and regular ship repair works for the Marine sector. Interim Dividend In keeping with the Group's commitment of rewarding its shareholders, the Board approved an interim ordinary dividend of 3 cents per share, payable on 13 September 2013. ST Engineering(Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenue of $6.38b in FY2012 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices. ST Engineering has more than 22,000 employees worldwide, and over 100 subsidiaries and associated companies in 23 countries and 41 cities.www.stengg.com. Media contact: Lina Poa SVP, Corporate Communications ST Engineering Tel: (65) 6722 1883 / 9696 5453 Email: linapoa@stengg.com |
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krisluke
Supreme |
13-Aug-2013 20:27
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NEWS WATCH Singapore Technologies Engineering ST: target 4
Trading Central | 2013-08-13 07:16:00
Alternative scenario: the upside breakout of 4.39 would call for 4.53 and 4.61. Our pivot point stands at 4.39. Our preference: target 4. Alternative scenario: the upside breakout of 4.39 would call for 4.53 and 4.61. Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day MA (4.31) but above its 50 day MA (4.12). Singapore Technologies Engineering is currently trading near its 52 week high reached at 4.46 on 24/04/13. 
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krisluke
Supreme |
13-Aug-2013 20:22
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ST Engineering Q2 net profit rises 3% SINGAPORE -- Singapore Technologies Engineering, a defense contractor and aircraft maintenance company, said Tuesday second-quarter net profit rose 3 per cent because of improved profitability in its electronics, marine and land systems business, the Dow Jones news agency reported. Net profit for the three months ended June was S$147.9 million compared with S$143.1 million a year earlier, the company said in a statement. Revenue rose 2 per cebt to S$1.6 billion from S$1.57 billion. Singapore Technologies will pay an interim ordinary dividend of 3 Singapore cents a share, it said. The company said it expects to achieve higher revenue and profit before tax this year compared with last year, barring unforeseen circumstances. |
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krisluke
Supreme |
12-Aug-2013 14:31
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Today 13/08/2013, ST Eng announce 1st half earnings ... ... |
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bishan22
Elite |
07-Aug-2013 10:24
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Another good site: http://azdrama.sx/
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krisluke
Supreme |
07-Aug-2013 10:22
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Catch it live http://www.22ys.cc/ |
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krisluke
Supreme |
01-Aug-2013 16:57
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ST Engineering - More downside to come after bearish breaks
Indicator turning bearish. The MACD is on the verge of a bearish crossover now, suggesting that the downside momentum is accelerating.
Next key support at $4. The counter could possibly slip further towards the next key base at $4 (key resistanceturned- support) in the weeks ahead.
Immediate resistance at $4.30. Meanwhile, $4.30 is now the newly established support-turned-resistance.
Note: We currently have a fundamental HOLD rating on ST Engineering with $3.97 fair value.
Source : OCBC Research
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krisluke
Supreme |
01-Aug-2013 00:12
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krisluke
Supreme |
30-Jul-2013 20:55
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Singapore Technologies Engineering Ltd. : ST Engineering Releases 2Q2013 Results On 13 AugustSingapore, 30 July 2013 - Singapore Technologies Engineering Ltd will be announcing results for second quarter 2013 on 13 August 2013 at 5.20pm, Singapore time (GMT +8). The results briefing will be webcast " live" at the same time on the Company's website. To view the webcast, please register at the following address: http://www.stengg.com/investor-relations/results-presentations-webcasts. Investor contacts: Lina Poa SVP, Corporate Communications ST Engineering Tel: (65) 6722 1883 Email: linapoa@stengg.com Jackie Yu AVP, CC/IR ST Engineering Tel: (65) 6722 1847 Email: jackieyu@stengg.com |
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krisluke
Supreme |
30-Jul-2013 20:46
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pineapple123
Member |
29-Jul-2013 14:13
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chartwise, st engg has not much upside.chart is showing possibility of uptrend reversal soon.can buy for investing at cheaper prices in near term future | ||
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krisluke
Supreme |
29-Jul-2013 14:00
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Singapore Technologies Engineering ST: the RSI is overbought
Trading Central | 2013-07-25 23:24:00
The MACD is positive and above its signal line. Our pivot point stands at 4.19. Our preference: the upside prevails as long as 4.19 is support. Alternative scenario: the downside breakout of 4.19 would call for 3.99 and 3.87. Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, th 
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krisluke
Supreme |
29-Jul-2013 13:50
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ST Engineering - Robust Outlook To Support Lofty ValuationsAuthor: kimeng | Publish date: Mon, 29 Jul 09:08 Worth the premium valuations, BUY. ST Engineering (STE) is in the running for a major contract from the US Coast Guard (USCG), which could be worth c.USD10b. This could be announced as early as 3Q13. If it succeeds, it will validate its long-term presence in the US, where its subsidiary VT Halter Marine has been operating for the last decade. Closer to home, a recent Singapore Navy patrol vessel contract could be its biggest since 2008. Despite premium valuations, its defence and commercial-driven record order book (SGD13b) along with potential catalysts in the form of a major billion-dollar contract continue to justify a BUY rating. As a heuristic gauge of the stock’s valuation, STE trades at an undemanding market capitalisation-to-order ratio of 1.0x, which is below its market cycle average of 1.2x. Our target price of SGD4.80 is based on 23x blended FY13/14 PER. Potential near-term catalyst in USD10b USCG contract. ST Engineering’s US shipyard VT Halter Marine (VTHM) is currently bidding for the design and construction of 25 offshore patrol cutters for the USCG, which could be worth c.USD10bn. If it succeeds, this will be a major catalyst for the stock. The original schedule from the USCG suggests the preliminary contract could be awarded as soon as this quarter. Singapore Navy patrol vessel contract likely to be the biggest deal in years. Clinched in Jan 2013, a Republic of Singapore Navy (RSN) contract for eight new patrol vessels could be its largest since the frigate programme of 2002/08. While the contract value is top secret, STE is a beneficiary of the continued outsourcing and rising use of technology in Singapore’s small, but technologically-advanced armed forces. Major freighter conversion opportunity. ST Aerospace’s recentlyacquired 35% stake in EADS EFW, a Centre of Excellence for freighter conversions, is meant to leverage on its years of experience in passenger-to-freighter (PTF) conversions. It plans to develop a conversion package for two versions of converted freighters – A330- 200P2F and A330-300P2F – where there is a major market opportunity, as Airbus estimates that 847 mid-sized aircraft would be converted into freighters over the next 20 years. Source: Maybank Kim Eng Research - 29 Jul 2013 |
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krisluke
Supreme |
25-Jul-2013 14:28
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KineticS: NDP 2013 |
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Finally, Announced ... ..
