electronics

Singapore economy

MTI foresees slower 2H for Singapore's economy; maintains 2018 GDP growth forecast at 2.5-3.5%

SINGAPORE (Aug 13): The Ministry of Trade and Industry (MTI) expects Singapore’s economic pace of expansion to moderate in 2H18 against an external backdrop of a weakening global growth outlook, as well as increased uncertainties and risks in the global

Singapore economy

Local manufacturing firms increasingly optimistic amid ongoing trade war: EDB survey

SINGAPORE (July 31): Positive business sentiment is on the uptrend among Singapore's manufacturers even with the ongoing US-China trade war, according to the Economic Development Board’s (EDB) Survey of Business Expectations of the Manufacturing Se

Singapore economy

Singapore's industrial production beats forecasts, but watch out for rising trade tensions

SINGAPORE (June 27): CGS-CIMB Securities says the Monetary Authority of Singapore (MAS) could take a cautious stance amid rising trade tensions between US and China.

Results

Accrelist swings back to profitability in FY18 after change in accounting treatment

SINGAPORE (May 30): Accrelist, the provider of corporate accretion services, swung back to profitability with earnings of $0.2 million in FY18 from $8.3 million in losses the previous year.

Tech

This meteoric tech stock has come crashing back to earth

SINGAPORE (May 9): After a spectacular rise for two years, Singapore’s biggest technology company is suddenly returning to earth.

Results

Courts Asia posts 28.7% decline in 3Q earnings of $3.5 mil on lower profit margin

SINGAPORE (Feb 13): Courts Asia, the electrical, furnishing and consumer electronics retailer, announced earnings of $3.5 million for the third quarter of FY17, down 28.7% from its net profit of $4.9 million a year ago on lower gross profit margin and hig

Broker's Calls

This semiconductor play is now 'very attractive' compared to peers

SINGAPORE (Jan 30): RHB is maintaining its “buy” call on Avi-Tech Electronics with a target price of 59 cents, which implies 12 times FY18 earnings and 4.6% dividend yield.

ST Electronics records $742 mil worth of contract wins in 4Q

SINGAPORE (Jan 18): ST Electronics has clinched about $742 million worth of contracts over 4Q17, bringing the total value of new orders secured in 2017 by its parent company, ST Engineering, to $2.24 billion.

Broker's Calls

ST Engineering kept at 'hold' as marine sector continues to drag on prospects

SINGAPORE (Nov 10): OCBC Investment Research is maintaining its “hold” call on Singapore Technologies Engineering with a fair value estimate of $3.41 following the group’s latest announcement of its 3Q17 financial results.

Broker's Calls

Strong 3Q puts Hi-P International in a sweet spot for now: DBS

SINGAPORE (Nov 8): DBS Vickers Securities is reiterating its “buy” call on Hi-P International with a higher target price of $2.30  from $1.67 previously after applying a 10% premium to peers’ P/E of 14 times on FY18F earnings projections.
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