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ST Engineering
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allantanhc
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22-Oct-2006 20:47
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Yes, it is coming down. Support is at $2.85. |
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mwzl95
Member |
22-Oct-2006 14:55
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Agree. |
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mwzl95
Member |
22-Oct-2006 14:52
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Agree. |
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singaporegal
Supreme |
22-Oct-2006 11:27
Yells: "Female TA nut" |
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On a downtrend now. Heading south |
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tanglinboy
Elite |
16-Oct-2006 14:33
Yells: "hello!" |
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ST engineering seems to have peaked... now dropping liao.. |
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bluesky
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09-Oct-2006 22:08
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I sold at $2.80 last week and bought OCBC..... |
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singaporegal
Supreme |
09-Oct-2006 21:15
Yells: "Female TA nut" |
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On an uptrend now |
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Nostradamus
Supreme |
09-Oct-2006 19:07
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OCBC has raised its target price to $3.40 from $3.20. "Putting the first half behind us, we are confident that ST Engineering will produce a strong second half, coupled with positive earnings momentum going into 2007," OCBC analyst Kelly Chia said in a note. "Although [its] share price has risen almost 8% since Sept 22, ST Engineering's attractive dividend pay-out ratio and long-term earnings visibility puts the share price in a favorable position for [a] further run-up," Chia said. OCBC said that the industrial conglomerate's improving operational efficiency, with the string of acquisitions it has made (the most recent being 80% of of MAK Technologies Inc) and its exciting opportunities would would allow for good earnings momentum across all business segments in future. |
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Nostradamus
Supreme |
02-Oct-2006 12:25
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Merrill Lynch said it has resumed coverage with a "buy" rating and a target price of $3.18 given the firm's strong yield and decent growth prospects. "The dividend yield remains a key highlight as the group remains committed to a 100% payout ratio, translating to a yield of over 5%," Merrill Lynch said in its client note. The brokerage added it expects ST Engineering's earnings to grow as recent acquisitions are integrated into core operations and contribute to earnings. "We forecast an earnings CAGR of 8% over 2006-2008," it said. Merrill Lynch expects the firm's net profit, before exceptionals, to grow to $434m this year from $396m last year, then to $474m next year, and to $508m in 2008. |
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Nostradamus
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28-Sep-2006 19:53
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VT Halter Marine has won some US$450m worth of projects in Sep. CIMB-GK said it has upgraded its rating to "outperform" from "neutral" and raised its target price to $3.42 after its US unit VT Halter Marine won two contracts worth US$214. "We believe these contracts will provide earnings visibility and offset concerns over the lack of revenue replacement for the Singapore Navy Frigate contract, which ends in 2007," CIMB-GK said in a note to clients. "VT Halter Marine (is poised) to break even in 2006 and turn profitable in 2007," it added. CIMB-GK expects its net profit to steadily improve from $396. 3m last year to $427.6m this year, $508m next year and $575m in 2008. |
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Nostradamus
Supreme |
27-Sep-2006 17:02
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Its US shipyard unit, VT Halter Marine Inc, has won a contract to design and build a missile-range instrumentation ship for the US Navy for US$199m, ST Engineering said. Construction of the ship is scheduled to start in 2008, and it will be delivered in the first half of 2010, the company said. ST Engineering said separately that VT Halter Marine had also secured a US$15m contract with the US National Oceanic and Atmospheric Administration to design and build a small-waterplane-area twin-hulled coastal mapping vessel. VT Halter Marine will begin construction of the vessel next year and it should be completed in the second half of 2008, ST Engineering said. |
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Nostradamus
Supreme |
25-Sep-2006 19:30
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Daiwa Institute of Research says it has lifted its six-month target price to $3.44 to factor-in bigger contributions from its marine engineering division. Daiwa said that to factor-in potential contributions from a US$240m shipbuilding contract recently awarded to ST Engineering's US marine engineering subsidiary, it has also increased its estimates of earnings for the company for next year and 2008 by 1-2.5%. "In our view, the market will become more optimistic about the stock in the run-up to its third-quarter results announcement scheduled for next month, in anticipation of stronger earnings, backed by higher contributions from recent acquisitions," Daiwa said. "We also expect the construction contract for the Egyptian fast missile craft project to be awarded over the next few months," it said. |
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Nostradamus
Supreme |
21-Sep-2006 19:06
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Shares in defense contractor ST Engineering were lower, extending their recent decline, because analysts think the stock's valuations look stretched in the absence of strong earnings growth, dealers said. The stock has fallen by more than 5% this month and analysts think it has fallen enough to merit a "buy" rating. Morgan Stanley rates the stock "equal-weight" for now, because the share price is near its target of $2.90. "We think there are better opportunities in the banking and property sectors. We would be more positive on ST Engineering if it were to fall to $2.50," Morgan Stanley said in a note to clients. After the company reported sluggish earnings growth for the first half, concern remains about integration costs arising from recent acquisitions, the brokerage said. "We think ST Engineering faces challenges integrating its recent acquisitions," it said. But Daiwa Institute of Research analyst Ang Soo Kee said he expected a resurgence in growth for ST Engineering next year. "2007 should look better," Ang said. "The upcoming third-quarter results should give us a sense of how well they will do." Ang said he considered the weakness in ST Engineering's share price a "healthy correction". |
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singaporegal
Supreme |
20-Sep-2006 13:51
Yells: "Female TA nut" |
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ST Eng looks like its on a downtrend now |
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Nostradamus
Supreme |
20-Sep-2006 11:04
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Morgan Stanley has assumed coverage with an "equal-weight" recommendation but said it viewed the stock as fully valued and that it saw better investments elsewhere. |
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clauswu
Member |
18-Sep-2006 12:53
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Does anyone know why ST Engg is down by 4% at mid-day? Is it a good time to buy now? |
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Nostradamus
Supreme |
10-Sep-2006 21:25
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ST Engg has announced that its US operations (through VT Halter Marine) has secured a 3rd contract from Crowley Maritime to build 4 more Articulated Tug Barges (ATB) for US$240m. This follows 2 previous contracts from the same customer for 2 and 4 ATB units. Togetehr, these 10 ATBs amount to more than US$500m. This latest contract will help offset the S'pore Navy Frigate contract which should see a tail-off this year, followed by project completion in 07. To be delivered between 1H09 and 2H10, these contracts provide good visibility for its marine division and suggest strength in its core operational capabilities. Citigroup thinks that with 10 similar units under construction ( 1 delivered early this year) and the increase in value per unit, it should move up the learning curve, allowing better margins for subsequent units. Has been a laggard in the recent rally. Citigroup thinks that a good set of 3Q/4Q06 results should see a healthy recovery in its share price. |
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rickytan
Veteran |
04-Sep-2006 15:17
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Cheers ! Price finally start to move upward.... now $2.93 liao...... |
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clauswu
Member |
30-May-2006 20:04
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Any reason why ST Eng rose 2.5% today? |
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singaporegal
Supreme |
24-May-2006 16:57
Yells: "Female TA nut" |
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Strongly downtrending for the intermediate term |
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