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| 2012-04-12 | --- | SINGAPORE TECH ENGINEERING LTD | Aberdeen Asset Management PLC ... | Substantial Shareholder | Sell | --- | 1244000 | --- |
Dividend play
| SGD 0.04 Per 1 Ordinary share | Tax Exempted (1-tier) | Final | 31/12/2011 | The dividend is paid under the one-tier corporate tax system and is exempted from tax in Singapore. | |
| SGD 0.085 Per 1 Ordinary share | Tax Exempted (1-tier) | Special | 31/12/2011 | The dividend is paid under the one-tier corporate tax system and is exempted from tax in Singapore |
A whopping 0.125cts!!
Ex-Date 25 APR 2012
Yes agree too, will come together with SIA Engineering.
I agree too.
ST Engg just acquired Stark International and now Anthony " Tony" Stark is one of the board members.
I think can Buy ST Engg today
Entry: $3.20 to $3.25
Stop-Loss: $3.02
More on my Blog at Alex Trades.
Good luck.
[Trading Central] Singapore Technologies Eng: as long as 3 is support look for 3.21
Our pivot point stands at 3.
Our preference: as long as 3 is support look for 3.21.
Alternative scenario: below 3, expect 2.93 and 2.89.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day MA (respectively at 3.09 and 2.94). Singapore Technologies Eng is currently trading near its 52 week high reached at 3.23 on 21/04/11.
Supports and resistances:
3.25 *
3.21 **
3.17
3.09 last
3.02
3 **
2.93 *
Click to view chart in actual size.
" We stress that we have not won any defence contracts in India, now nor in the past, through OFB or the MoD. This development has no impact on ST Kinetics’ defence business as India has not been a market for its defence export sales."
An opportunity to ENTER.
ST KINETICS - Banned from Indian Defence Contracts along with some others from other countries due to some corruption issue.....
do you all have confidence on this counter ? Good news or bad news ahead ?
ST Engg: FY11 results slightly below Bloomberg consensus, but ahead of UBS, JPM, DB estimates.
Revenue was flat yoy at $5.9b, impacted by a weaker USD, as well as reversal of revenue already recognised on the cancelled ropax shipbuilding contract.
Net profit increase 7.4% yoy to $528m, with higher electronics and aerospace earnings offsetting declines in land systems and marine.
The co ended 4Q11 with a record high $12.3bn order book, due to strong contract wins in the quarter.
STE expects S$3.9b of the book to be delivered in the next 4 quarters –high compared with previous years . Mgt guided that the group expects to achieve Y/Y higher revenue and pretax profit in FY12, led mainly by Aerospace and Electronic. UBS interprets STE’s guidance as a growth target of ~10%.
The co declared final div of 4cts and special div of 8.5cts. Total div for the year amounts to 15.5cts, and translates to a payout ratio of 90%, and yield of 5%.
Valuations largely undemanding, at 16.6x fwd P/E (close to -1 std dev of 15.9x), and 5.1x fwd P/B inline with long term historical average. ROE is high, at 30%.
UBS keeps at Buy, raises TP to $3.40 from $3.21.
JPM keeps at Neutral, raises TP to $2.80 from $2.60.
Deutsche keeps at Buy with TP $3.35.
Nomura keeps at Buy with TP $3.90
SGX.com (23 Feb 2012)
" The ST Engineering Board of Directors is proposing a final dividend of 12.50 cents per share,
consisting of an Ordinary Dividend of 4 cents per share and a Special Dividend of 8.50 cents
per share. Total dividend amounts to 15.50 cents per share, including the Interim Dividend of
3 cents per share paid out in September 2011. This translates to a dividend yield of 5.07%,
computed using the average closing share price of the last trading day of 2011 and 2010."
ST Engineering: Net Profit Grew 7% In FY2011.
Singapore Technologies Engineering Ltd reported revenue for financial year ended 2011 of $5.99b, compared with $5.98b a year ago. Profit before tax registered a 4% growth to $655.2m, while net profit grew steadily by 7% to $527.5m. In the fourth quarter, Group's revenue of $1.54b was higher than that achieved in 3Q2011 by 11% or $150m. Except for Marine sector, all sectors recorded higher revenue compared to 3Q2011. Marine sector's revenue of $91m was 64% or $164m lower, largely due to the reversal of Shipbuilding revenue in 4Q2011 following the Ropax contract termination. Group's PBT of $184.3m for 4Q2011 was 11% or $18.4m higher than that achieved in 3Q2011. Land Systems and Marine sectors reported higher PBT, while Aerospace and Electronics sectors recorded lower PBT. Compared to 4Q2010, 4Q2011 revenue and PBT were comparable while net profit was higher by 6%...Attachments:
