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TransCore
Contracts
ST Engineering's TransCore wins Dubai Mall contract from Salik Company
ST Engineering has won a contract from TransCore's long-time technology partner, Salik, to develop Dubai Mall's parking system.
February 28, 2024
Broker's Calls
PhilipCapital initiates ‘buy’ on ST Engineering from tailwinds from higher security spending and MRO demand
ST Engineering's commercial aerospace (CA) sector will see a rise in aerospace maintenance, repair and overhaul (MRO) services.
September 26, 2023
Broker's Calls
Combination of defensive yield and growth makes ST Engineering a 'special investment opportunity': RHB
RHB calls ST Engineering a 'special investment opportunity'
May 09, 2023
Aviation & Engineering
Analysts cheer ST Engineering’s revenue visibility, but Citi is not so sure
Despite 9 out of 11 analysts calling "buy" on STE, find out why Citi is calling "sell" and lowering its target price on STE.
December 01, 2022
M&A
S&P downgrades ST Engineering's credit rating to "AA+" following debt-funded TransCore acquisition
ST Engineering recently changed its dividend policy to a quarterly payout of 4 cents per quarter
March 23, 2022
M&A
ST Engineering completes US$2.7 bil TransCore acquisition
ST Engineering had previously obtained CFIUS approvals for all 11 of its past deals in the US.
March 15, 2022
M&A
ST Engineering marks largest acquisition to date with US$2.68 bil bid for TransCore
The acquisition is valued at a EV / EBITDA multiple of 16.2 times.
October 03, 2021