Singapore Technologies Engineering

ST Engineering records 9MFY2024 revenue of $8.3 billion, up 14% y-o-y - THE EDGE SINGAPORE

Results

ST Engineering records 9MFY2024 revenue of $8.3 billion, up 14% y-o-y

Total order book reached $26.9 billion with new order wins of $2.2 billion in 3QFY2024.

Results

ST Engineering’s 1HFY2024 earnings up 20% y-o-y to $336.5 mil, secures $6.1 bil in new contracts

ST Engineering ended 1HFY2024 with an order book of $27.9 billion.
Strong order books place ST Engineering in favourable light - THE EDGE SINGAPORE

Stocks To Watch

Strong order books place ST Engineering in favourable light

The stock has risen over 20.3% over the past 12 months.

Insider moves

Jardine C&C's MD and parent raise respective stakes; ST Engineering continues with buybacks

Jardine C&C's Astra unit in Indonesia did well for FY2023 but the overall growth was weighed down by a weaker business in Vietnam
Yangzijiang Shipbuilding leads industrial and goods - THE EDGE SINGAPORE

Billion Dollar Club 2023

Yangzijiang Shipbuilding leads industrial and goods

Yangzijiang Shipbuilding is a component stock of the Straits Times Index

New appointments

ST Engineering creates new leadership role, expands group executive committee

The strategic role is dedicated to driving the company’s growth in smart city and digital businesses.
ST Engineering may power Europe’s rearmament - THE EDGE SINGAPORE

Russia-Ukraine crisis

ST Engineering may power Europe’s rearmament

ST Engineering stands out for its low net gearing (0.5x) and strong dividend yield (4%).
ST Engineering partners Polyverse to provide secure operating systems for mission-critical platforms - THE EDGE SINGAPORE

Company in the news

ST Engineering partners Polyverse to provide secure operating systems for mission-critical platforms

As at 9.40am, shares in ST Engineering are trading 6 cents higher or 1.7% up at $3.61.

Broker's Calls

Retail REITs, retail and transport stocks poised to benefit from circuit breaker exit: DBS

SINGAPORE (June 1): As Singapore begins to ease the circuit breaker (CB) measures starting with Phase 1 on June 2, several stocks and real estate investment trusts (REITs) could emerge as beneficiaries.
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