ST Engineering    Last:7.41    +0.09

ST Engg

ST Engineering: Trading Central (Bloomberg) has a Technical Buy Alert. Note that the upside prevails as long as $2.92 is support. Note that RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive.

Moreover, the stock is above its 20 and 50 day MA (standing respectively at 2.97 and 2.97). Stop loss at $2.92, following a break would see next support at $2.83 and $2.77.

 

We have to see how our ministers will fight for us and if nationalising transport system will come true and be successfully operated/excuted.

krisluke      ( Date: 16-Jul-2011 15:50) Posted:                                     ARhhh So boring....   national day BONUS .... ? ??? Some local brokerage house say bus fare will be increased in 1-2 mths time... .... ? ??   ST Eng Earning report on 2nd August 2011, same day  with sembmar

 

                                 

  ARhhh So boring....   national day BONUS .... ? ???

Some local brokerage house say bus fare will be increased in 1-2 mths time... ....

? ??   ST Eng Earning report on 2nd August 2011, same day  with sembmar

 

ST Engrg: Won $65m contract to supply SMRT with buses. Delivery is expected to begin in Aug 2011 and to be completed by end of 2012.

Most recent issue is of co’s purported breach of the Ropax Contract of which Louis Dreyfus is claiming $4.8m in liquidated and EUR33.0m in unliquidated damages.

ST Engrg trades at fwd P/E of 16.8x.

 

Our pivot point stands at 2.89.

Our preference: the upside prevails as long as 2.89 is support.

Alternative scenario: the downside breakout of 2.89 would call for 2.8 and2.75.

Comment: the RSI is above 70. It could mean either that the stock is in alasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signalline. The configuration is positive.

  Moreover, the stock is trading above both its 20 and 50 day MA (standing respectively at 2.93 and 2.98).

Supports and resistances: 3.19 *3.14 **3.09 2.98 last 2.92 2.89 **2.8 *

 

krisluke      ( Date: 29-Jun-2011 22:31) Posted: 1 2011-06-27 --- SINGAPORE TECH ENGINEERING LTD Credit Suisse Group AG and Cre... Substantial Shareholder Buy --- 623000 --- 2 2011-06-23 --- SINGAPORE TECH ENGINEERING LTD Credit Suisse AG Substantial Shareholder Sell --- 1683000 --- 3 2011-06-23 --- SINGAPORE TECH ENGINEERING LTD Credit Suisse Group AG Substantial Shareholder Sell --- 1683000 ---   Do note buying volume is LIGHT... ...

 

breakout with high volume for 2 consecutive days. Go go go!!

http://sgsharemarket.com/home/2011/06/st-engineering-break-out/

 

 

ST Engg: subsidiaries are involved in the GKC.

i)ST Electronics and China’s Suntek Tech will jointly invest in an R& D Centre and implementation platform for the Network Integration, Cloud Computing and Integrated operations Centre within GKC. ST Electronics will provide system integration...

ii) ST Kinetics and strategic partners (Hitachi, Bakai electric, Xuji Group, Xianmen Jinlong) will establish a HQ for their Electric Vehicles cluster, and R& D Centre, testing centre and other related services within GKC. ST Kinetics will take charge of Eletric Vehicles systems integration...

Deutsche yday reiterated Buy with $3.95 TP. Says, at 14.6x fwd P/E, group is trading close to its crisis low valuations of 16.1x average P/E over 2008/09, despite stronger fundamentals.

Says the recent share price weakness has created an attractive buying opportunity, considering the group’s strong cash- generating abilities, experienced mgt and healthy dividends.

 

ST Engineering: UOBKH upgrades to Buy from Hold and maintains its $3.28 target. Says the stock's underperformance vs the STI is unwarranted. Says the market could be concerned that the defence budget could be reduced or about a potential damages payout for a purported breach of contract with Louis Dreyfus...

But notes Singapore's defence budget has grown at a 4.5% CAGR over the past 6 years and chances of a material decline are low. Adds, STE intends to dispute the breach of contract claim and has stated that its liability will be limited to 10% of the contract value, or $17.9m while the group has also indicated there will be no impact to NTA and EPS for 2011, " implying it will not be making a provision." ...

Adds, at just 0.75X orderbook STE is trading at the lowest P/B level since 1Q09, while current 17.2X 2011F P/E is below the 10-year average of 18.7X. Shares rise 0.7% to $2.90.

 

1	2011-06-27	---	SINGAPORE TECH ENGINEERING LTD	Credit Suisse Group AG and Cre...	Substantial Shareholder	Buy	---	623000	---
2	2011-06-23	---	SINGAPORE TECH ENGINEERING LTD	Credit Suisse AG	Substantial Shareholder	Sell	---	1683000	---
3	2011-06-23	---	SINGAPORE TECH ENGINEERING LTD	Credit Suisse Group AG	Substantial Shareholder	Sell	---	1683000	---

 

Do note buying volume is LIGHT... ...

 

window dressing by credit suisse ? ??

 

Window dressing

 

This is likely to be a market

    reversal... or a good retracement... 

        Thus, the " finger formation" is reliable...


 

temp123      ( Date: 29-Jun-2011 15:42) Posted: Strong rebound! Congratulations to those who bought!

 

Strong rebound! Congratulations to those who bought!

 

ST Engg indeed rebounded today. still looking bullish.

http://sgsharemarket.com/home/2011/06/st-engineering-rebounding/

 

 

It is very sad, but true that many stock players

    trust great fundamentals or 'defensive' stocks,

        not particularly now but always. Since they

            hold strongly to such a view, many kept buying

                and buying all the way down from the high peaks.

                    The saddest are those who are wiped out, esp.

                          those who cannot afford to buy anymore and

                                have serious cashflow problems.

jamesng      ( Date: 26-Jun-2011 21:13) Posted: is it....drop from 3.40 to crrent price for a defensive stock....

 

is it....drop from 3.40 to crrent price for a defensive stock....

 

ST Engg looks to be forming a MACD bullish crossover. Looking good.

http://sgsharemarket.com/home/2011/06/st-engineering-poised-for-technical-rebound/

 

 

OMG, serious man.

Now drop over 200 points.

New123      ( Date: 23-Jun-2011 22:20) Posted: Dow dropped so much. Tmr may see it goes down to $2.80.. jamesng      ( Date: 23-Jun-2011 21:19) Posted: great, I read from chart that a rebounce to 3 will be soon....

 

Dow dropped so much. Tmr may see it goes down to $2.80..

jamesng      ( Date: 23-Jun-2011 21:19) Posted: great, I read from chart that a rebounce to 3 will be soon....