Post Reply
281-300 of 1192
ST Engrg: aerospace arm, ST Aerospace forms a 50/50 aircraft engine leasing joint venture with Japan's Marubeni Corp. The JV will be known as Total Engine Asset Mgt, or TEAM, and will have an initial leasing portfolio comprising CFM56-3, CFM56-5B and CFM56-7B engines to power narrow-body aircraft such as the Airbus A320 and Boeing 737. The JV will invest ~US$100m in assets within the first 2 years and an equity injection of up to US$40m. It is expected to commence operations in 2H11...
The JV will leverage ST Aerospace’s expertise in total engine support, including engine technical mgt and engine Maintenance-By-the-Hour, and broadens its range of aftermkt services, alongside Marubeni’s experience in financing and marketing knowledge.
Street has mix of Buy, Sell and Hold calls with recent TP ranging btwn $2.66 – 4.00
While stock indicators are in oversold territory, the recent breakdown from the $3 support level (now turned resistance) suggests the long term trend may have turned negative. Share price is now hovering around a Fibo support at $2.85, and a break below that could see the stock test the next Fibo support at $2.65.
going down down down down.. (T_T)
ST Aerospace is one arm of ST Engrg. 
SINGAPORE : Organisers of Singapore Airshow 2012 expect to fly high in France.
They will be at the Paris Air Show next week to secure some S$10 million in contracts.
Joining them will be several local firms, forming a compact Singapore contingent at the world's premier aviation and aerospace event.
Meanwhile, Singapore Airshow organisers will have their hands full at their own aviation and aerospace bonanza next year.
" There'll be lots of one-on-one meetings which we have organised over the past month. And we'll be doing some hospitality, you know, lunches and dinners, to try and sell the advantages of being here in Singapore," said Jimmy Lau, MD of Experia Events, organiser of Singapore Airshow 2012.
It's a similar story for Singapore firms, such as ST Aerospace, which are hoping to leave a bigger mark on the international stage.
" The focus is to establish strategic relationships, have an opportunity to get an update on the various strategies being deployed by our competitors. And also... in preparation for the Singapore Airshow next year, we have a sense of you know, what is the latest," said Chang Cheow Teck, President of ST Aerospace. The firm is also participating in the Paris Air Show.
Recently the International Air Transport Association slashed its profit forecast this year for the aviation industry by more than half.
Despite the seemingly cloudy outlook, the Singapore contingent heading to the Paris Air Show is quietly confident that the event will continue to serve its purpose as a platform to help them secure their own piece of the sky.
i think in dec, st will be good again as people start buying for dividend...
although the commercials are still long on this one, the number of net longs are decreasing... but good to enter as the stop loss will be tight, low risk entry (depending on how u trade)
do you think now is good time to collect some stocks? thought??
Always slow motion, that is why I like it.
jasmineaw ( Date: 28-May-2011 15:49) Posted:
| this stupid counter, want to drop, drop faster.......think funds might be selling...... |
|
? ?? Conclude these two days posting for steng...
AGAIN ONE MORE WARNING LETTER ISSUED by LOUIS DREYFUS ARMATEURS (LDA) HintS: DEMAND $$$ FROM STENG
???? TODAY ...
ANNOUNCED PACIFIC SWIRE OFFERED CONTRACTS TO BUILD ????? AHTS aka ikan bilis by STENG. HintS: PACific Swire FAMOUS for " SLOW" PAYMENT ??? ???
LET's see how the market digest on one good and one bad till now...
TGT $ 2.8x REMAINED
ST Engrg: ST Marine has won shipbuilding contract worth $171m from Swire Pacific to build and outfit 4 AHTS vessels expected to be delivered within 1H2013 – 2H2014. These will support the latest generation of semi-sub rigs operating in harsh environments. Most recently, co is involved with a lawsuit by Louis Dreyfus claiming damages of approx $63m. Co trades at fwd P/E of 16.6x with 8 of 14 analysts with Buy calls.
ST Eng: Louis Dreyfus Armateurs (LDA) has followed up with a letter of claim against co for breach of the passenger ferry contract announced on 24 Mar. The claims sought are a total of $63.5m with $4.8m in damages for delay and remaining EUR33.03m ($58.7m) for alleged breach of contract…
Co is disputing the claim and notes that even if liable, total liability is capped at 10% of contract price, approx capped at $17.9m. Based on co’s FY10 net income of $491.0m, LDA’s claim if successful is approx 12.9% of FY10 earnings or 3.4% of net assets.
Let this stock drop.....buy stx osv and stamfordland....
Do your own research.....
very chaim, very chiu... 2.93.
I will enter again with this bugger reach 2.85 (which is quite remote....)
| ST ENGG |
25/05/2011 |
BUY |
1000 |
2.950 |
2950.00 |
2.930 |
2930.00 |
-20.00 |
| ST ENGG |
19/05/2011 |
BUY |
3000 |
3.050 |
9150.00 |
2.930 |
8790.00 |
-360.00 |
Wah ! Chun.....this stock moved up after hovering around @ 2.98 in the last few trading days.
vonntan ( Date: 29-May-2011 21:32) Posted:
|
this stupid counter, want to drop, drop faster.......think funds might be selling......
approaching $2.87.......
" 2.87 is a significant number
Uncle Ti 88
http://uncleti88.blogspot.com/----
I trade using simple moving average and Commitment of Traders Proxy (COT Proxy) + some other special ingredients that Colonel Sanders will be proud of.
I win some I lose some. But I make sure my wins make up more than the losses! "
2.87 is a significant number
Uncle Ti 88
http://uncleti88.blogspot.com/
----
I trade using simple moving average and Commitment of Traders Proxy (COT
Proxy) + some other special ingredients that Colonel Sanders will be
proud of.
I win some I lose some. But I make sure my wins make up more than the losses!
edchai ( Date: 24-May-2011 14:22) Posted:
Just curious....why at $2.87?
angmohlin ( Date: 24-May-2011 13:31) Posted:
| Targetting at $2.87. Will buy at this level. |
|
|
|
Just curious....why at $2.87?
angmohlin ( Date: 24-May-2011 13:31) Posted:
| Targetting at $2.87. Will buy at this level. |
|
