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SIA Engg is running and the TOP is S$ 4.00 very soon. Grab some if you want to be part of winning team.
| ST Engineering posts 11% rise in 4Q profit before tax to $184m |
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ST Engineering
| Written by The Edge |
| Thursday, 23 February 2012 17:53 |
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ST Engineering today reported revenue for financial year ended 2011 (FY2011) of $5.99 billion, compared with $5.98 billion a year ago.
Profit before tax (PBT) registered a 4% growth to $655.2 million, while net profit grew steadily by 7% to $527.5 million.
In the fourth quarter, group revenue of $1.54 billion was higher than that achieved in 3Q2011 by 11% or $150 million.
Except for Marine sector, all sectors recorded higher revenue compared to 3Q2011. Marine sector’s revenue of $91 million was 64% or $164 million lower, largely due to the reversal of shipbuilding revenue in 4Q2011 following the Ropax contract termination.
Group’s PBT of $184.3 million for 4Q2011 was 11% or $18.4 million 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%.
ST Engineering’s 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 amounted to 15.50 cents per share, including the interim dividend of 3 cents per share paid out in September 2011.
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Anybody looking at this counter? Seem like there was an oversold currently. Is it worth to enter at $3.37 as per Friday closing price?
CP
SIA Engrg (SIE): has signed a Tailored Support Package (TSP) contract with Airbus to maintain SIA’s additional fleet of 15 new A330-300 Airbus aircraft scheduled for delivery from 2013. SIE will provide a wide range of MRO services, incl transit and light maintenance checks at SIE’s facilities in Spore.
The transaction is not expected to have a material impact on SIE’s performance in FY11/12.
Stock trades at 14.8x P/E.
The majority of Street has Hold ratings with recent TP btwn $3.66 – 4.86.
Would you mind explaining? Newbie here...
alexchia01 ( Date: 28-Oct-2011 13:48) Posted:
I would Short this counter, not Buy it.
doggydoodoo ( Date: 28-Oct-2011 12:52) Posted:
| Vested 11lots @ 3.6...now I wait.
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I would Short this counter, not Buy it.
doggydoodoo ( Date: 28-Oct-2011 12:52) Posted:
| Vested 11lots @ 3.6...now I wait.
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Vested 11lots @ 3.6...now I wait.
Our pivot point stands at 3.83.
Our preference: short term rebound.
Alternative scenario: below 3.83, expect 3.62 and 3.49.
Comment: the RSI is above its neutrality area at 50. The MACD is negative andabove its signal line. The MACD must break above its zero level to triggerfurther gains. Moreover, the stock is trading above its 20 day MA (3.79) but under its 50 day MA (4.04).
Supports and resistances: 4.59 *4.46 **4.33 4.01 last 3.92 3.83 **3.62 *
SIA Engineering Company Limited (SIAEC) announced the renewal of its comprehensive Services Agreement with Singapore Airlines Cargo (SIA Cargo). http://sgsharemarket.com/home/2011/06/singapore-company-highlights-29062011/?=SIAEngg/
Our pivot point stands at 4.37.
Our preference: eye 4.15.
Alternative scenario: the upside breakout of 4.37 would call for 4.44 and4.49.
Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound couldshape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative.
Moreover, the stock istrading under its 20 day MA (4.34) but above its 50 day MA (4.27).
Supports and resistances: 4.44 *4.37 **4.34 4.28 last 4.19 4.15 **4.1 *
paying out 30c dividend..
DBS Target price $5
SIA Engrg: forms 49/51% JV with Sagem (SAFRAN Group), to launch a state-of-the-art avionics facility at Changi North Rise, Spore.
The new facility supports the latest aircraft types such as the B787 Dreamliner and the Airbus A350.
With the increasing trend of new aircraft adopting digital technology, the JV is poised to tap the growing avionics MRO market...
Earlier this wk, Goldman pipped SIE as one of the top 10 aviation plays to capitalize on the tripling of Chinese air travelers to some 1b pax by 2020. House has a Buy rating with $5.80 TP.
Vol so low....think can not sustain
actually, sia engg is a gem, honestly speaking i'm veri bullish on it... but on reality, the catch is got to spot the right entry price before valuing it. traditionally, low activities... but price chart of the past got some long shadows, might be of future effect, i think...
Day before on market open was a good betting opportunity but volume is super duper low. High dividend yield makes it good defensive play, for now. SIA announces tonight and folks are expecting not so good news. Let's see...
krisluke ( Date: 26-Jan-2011 18:25) Posted:
may not be a gem on today, but of tmr. most brokerage house up their target price. interested can buy la
Bluevaio ( Date: 26-Jan-2011 14:17) Posted:
| SIA eng reported good result but why price dropped? Dun understand...!
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may not be a gem on today, but of tmr. most brokerage house up their target price. interested can buy la
Bluevaio ( Date: 26-Jan-2011 14:17) Posted:
| SIA eng reported good result but why price dropped? Dun understand...!
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CIMB
SIA Engineering - 3Q11 results - All’s hunky dory In line; maintain Out perform. 3Q11 net profit of S$60.3m (+7.7% yoy) met our estimate though it was 8% below consensus. 9M11 net profit of S$197.2m (+21.6% yoy) forms 75% of our FY11 forecast. With no major surprises, we keep our earnings estimates and target price of S$5.05, still based on blended 15x CY12 P/E and DCF valuations.
Potential catalysts are a stronger-than-expected recovery in the aviation sector and more flights handled at Changi Airport, in our view. Recovery continued. 3Q11 sales of S$269.5m grew 11.6% yoy on the back of stronger airframe MRO and fleet management. The growth in fleet management was contributed by a larger fleet from existing and new customers. EBITDA margins edged up 3% pts qoq to 16.2%, as higher staff costs were offset by lower material costs.
Anticipating higher overtime hours, we expect staff costs to trend up marginally qoq. Flat associate contributions. Share of profits from associates and JVs remained flat yoy at S$33.9m as costs from start-ups eroded margins. Associate contributions made up of 49% of group PBT. All’s hunky dory.
Underpinned by strength in the aviation sector, we continue to like SIAE for its:
1) positive free cash flow of about S$150m p.a.
2) attractive dividend yields of about 5%, translating into generous payouts of 85%
3) attractive valuations vs. peers. Recent share-price weakness provides an attractive entry point, in our view.
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