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ST marine. dragging the results ... ?
" 2Q 2013 (Earnings) On the 14th August 2013 ? ??"
Key Statistics for STE
| Current P/E Ratio (ttm) |
23.4634 |
| Estimated P/E(12/2013) |
21.9500 |
| Relative P/E vs. FSSTI |
1.7464 |
| Earnings Per Share (SGD) (ttm) |
0.1871 |
| Est. EPS (SGD) (12/2013) |
0.2000 |
| Est. PEG Ratio |
2.8141 |
| Market Cap (M SGD) |
13,628.00 |
| Shares Outstanding (M) |
3,104.33 |
| 30 Day Average Volume |
2,394,900 |
| Price/Book (mrq) |
6.5848 |
| Price/Sale (ttm) |
2.1169 |
| Dividend Indicated Gross Yield |
1.59% |
| Cash Dividend (SGD) |
0.0400 |
| Last Dividend |
04/26/2013 |
| 5 Year Dividend Growth |
-0.09% |
| Next Earnings Announcement |
08/14/2013 |
mrq = Most Recent Quarter ttm = Trailing Twelve Months
August 12-22 2013... When ?
ST Eng announcement of 2Q earnings ? ??
Singapore Technologies Engineering Rebound! Good to buy? Read on here!
http://mystocksinvesting.com/singapore-stocks/st-engineering/st-engineering-rebound-is-it-time-to-buy/marubozu1688 ( Date: 23-Jun-2013 23:23) Posted:
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| ST Engineering ($4.06) — At resistance |
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| Written by The Edge |
| Monday, 08 July 2013 23:14 |
The rebound phase is facing a hurdle as prices approach the $4.05-to-$4.10 range. Quarterly momentum, which rebounded off an oversold low, has also met with resistance and is retreating from both its equilibrium line and moving average. In addition, the rebound took place on significantly lighter volume than the selldown, and the move was peppered with black candles.
On July 3 and 4, the counter formed a dark cloud cover on the candlestick chart, establishing resistance at $4.20. Support is raised to $3.84 for the upcoming retreat. An earlier breakdown provided a significant downside objective, which would be negated if prices can hold at $3.84.
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http://www.stengg.com/press-centre/p...acts-in-2q2013
Singapore, 5 July 2013 – Singapore Technologies Engineering Ltd (ST Engineering) today announced that its electronics arm, Singapore Technologies Electronics Limited (ST Electronics) has secured about S$206.8m worth of contracts for rail electronics, satellite communications (satcoms) and communications projects in the second quarter of 2013 (2Q2013).
ST Electronics has been awarded a number of rail electronics contracts worth some S$24.8m. Works on the projects have started and are expected to be completed by end 2016. These include three contracts worth about S$18m awarded by the Land Transport Authority for:
•Communications network for the Mass Rapid Transit system
•The implementation of a Communications System for Sengkang-Punggol Light Rapid Transit
•Additional and alteration works on communications, control and station Travel Information Systems for the Circle Line's MacPherson Station.
On the satcom and communications front, ST Electronics secured contracts worth about S$182m for the supply of satcoms solutions and communications systems projects to local and international customers. These included network infrastructure, block up converters and amplifiers, as well as satellite hubs and remote terminals to government, enterprises, oil and gas and maritime users.
" The second quarter saw ST Electronics strengthening our position in the areas of rail electronics, satcoms and communications systems. We see opportunities in mass transit systems as cities become more densely populated, thereby exacerbating the need for efficient transportation infrastructures. ST Electronics is well-positioned, with our full suite of urban transit solutions, to address these markets.
The proliferation of mobile devices and the need to be connected has driven the demand for broadband services in both urban and rural areas. Employing small cell technology, our satcoms solutions can deliver broadband data and carrier-class voice quality to remote populations and areas that lack network infrastructure. We have also launched a new generation of products that deliver best-in-class throughput performances that are compatible with the new generation of high throughput satellites.” ~ LEE Fook Sun, President, ST Electronics
These contracts are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
I m holding on!!!
| ST Engineering ($3.69) — Decline to continue |
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| Written by The Edge |
| Monday, 17 June 2013 21:07 |
Prices have broken below the 200-day moving average at $3.80. Medium-term indicators all point to a continuation of the decline. Quarterly momentum broke down last month, confirming the down trend. Volume is expanding on black-candle days, an indication of selling.
ADX is rising and the DIs are negatively placed. Support appears at $3.50 but, if the downmove is strong, this level may not hold and prices may well drift lower to the $3.20 area.
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Singapore Technologies Engineering ST: short term rebound towards 4.49
Alternative scenario: the downside breakout of 3.86 would call for 3.65 and 3.53.
Our pivot point is at 3.86.
Our preference: short term rebound towards 4.49.
Alternative scenario: the downside breakout of 3.86 would call for 3.65 and 3.53.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading above its 20 day MA (3.99) but under its 50 day MA (4.2).
Supports and resistances:
4.62 *
4.49 **
4.36
4.05 last
3.94
3.86 **
3.65 *
Copyright 1999 - 2013 TRADING CENTR
Lim & Tan
ST Engineering’s first quarter net profits came at S$134 million, posting a paltry loss of 0.3% y-o-y, which represents 22% of consensus full year forecast.
The firm’s aerospace sector contributed positively to its bottom-line, with profitability growing 26% y-o-y due to encouraging sales mix, favourable foreign exchange impact and higher profits from associates.
On the other hand, 1Q ’13 earnings contributions from its Electronics, and Marine sectors were only comparable to that of 1Q ’13, whereas its Land Systems sector profitability was lower (-9% y-o-y), due to unfavourable product mix and allowances for inventory obsolescence and doubtful debts. Absence of contribution from an associate with profit from Singapore Airshow 2012 also hurt performance.
Nevertheless, its order book grew to S$13.0 billion, up from S$12.1 billion recorded in 4Q ’12.
Management guided to achieve higher revenue and profits before tax for FY 2013, compared to FY 2012, and deliver S$3.6 billion of its order book within 2013.
A Singapore Airshow (SAe) 2013 Event
IMDEX Asia 2013 and IMSC 2013 will be organized by Singapore Airshow & Events (SAe) with support from Republic of Singapore Navy (RSN).
Please note that as Singapore Airshow is a biennial event, there is no Singapore Airshow 2013. As previous Singapore Airshow was held on February 2012, the next Singapore Airshow held will be Singapore Airshow 2014.
“We are indeed very excited to be working with the Republic of Singapore Navy to organise IMDEX ASIA and IMSC. IMDEX ASIA will allow companies to penetrate the vast maritime defence market in the Asia Pacific region and beyond. SAe will continue to be a leading enabler in providing strategic industries the platform and gateway to network and conduct business in this region. Through IMDEX ASIA, we hope to further put Singapore on the map as a venue of choice in hosting key industry exhibitions that are of strategic global interest,” said Mr Jimmy Lau, Managing Director of Singapore Airshow & Events (SAe).
“IMDEX ASIA is a key event in the maritime defence industry’s global calendar and the Republic of Singapore Navy (RSN) will work with Singapore Airshow and Events (SAe) to take the exhibition to a higher level of excellence and better serve the trade and industry players, navies and maritime enforcement agencies in the Asia-Pacific region,” said RADM Chew Men Leong, Singapore’s Chief of Navy.
http://publicholiday.org/calendar/imdex-asia-2013/
ST Engineering: All-time high order book of S$13.0b - IOCBCSingapore Technologies Engineering (STE) reported 1Q13 results that were generally in line with ours and consensus expectations. Revenue grew 0.2% YoY to S$1.54b, and PATMI fell 0.3% YoY to S$134m. Highlights include: 1) lack of the biennial Singapore Airshow in 1Q13, which contributed to a S$6.1m drop in share of results of associates and jointly controlled entities, 2) growth in administrative expenses by S$7.9m (7% YoY) due to increased headcount from new Aerospace subsidiaries. STE's order book reached a new high of S$13.0b as of end-Mar 2013 (4Q12: S$12.1b), of which S$3.6b is expected to be delivered in the remainder of 2013. We forecast FY13F EPS of 19.8 S cents. Raising our P/E peg to 22x from 20.7x, given the increased visibility from the record order book, we raise our fair value to S$4.36 from S$4.12. We maintain a HOLD rating on STE and estimate a FY13F dividend yield of 4.1%.
ST Engineering (STE SP)- UOB KH1Q13: Flat Net Profit But Guidance For Full-year Growth
OrderBook At Record High Of S$13.0b
Excluding the absence of contribution from a bi-annual air show, PBT would
have risen by 5% yoy. We are encouraged by the growth in its orderbook and
raise our target price by 9% to S$4.50. Maintain HOLD. Entry price is S$4.10.
ST Engineering Ltd – Results (Philips) Recommendation: Accumulate
Previous close: S$4.37
Fair value: S$4.50
Net income of S$134.0mn (-0.3%y-y).
Record high order book of S$13.0bn.
Positive full year guidance maintained.
Maintain Accumulate with unchanged TP of S$4.50.
DBSV- ST Engineering’s 1Q13 net profit of S$134m is in-line with
estimates, after adjusting for one-off items. STE announced a
record order book of S$13bil as of end-1Q13, up from
S$12.1bil at end-FY12, as they took in big orders in 1Q13.
Our analyst assumes YTD order wins to be S$2bil in FY13,
which is about half the figure recorded in FY12. This
underpins steady 6% growth in earnings over FY13/14.
Operating cash flow is strong, gross cash levels exceeded
S$2bn and future dividends appear secure. Maintain BUY
with higher TP of S$4.80 (prev. $4.40).
What is the news?
STE reported net profits of S$134.0mn in 1QFY13 on sales of S$1,544.7mn. Revenue was little changed on year as higher sales from other segments were offset by a 6% decline in sales for the Electronics division. Profit growth was the strongest at the Aerospace segment as the division benefitted from a 2.6% improvement in PBT margins. Management guided for higher revenue and comparable PBT in 1H2013 compared to 1H2012, while maintaining their full year guidance for higher revenue and PBT.
How do we view this?
While the results were slightly disappointing as compared to the same period last year, we believe that seasonal contributions from the biennial Singapore Airshow did create a higher basis for comparison. By maintaining their guidance of profit growth for the full year, management have implicitly guided for a strong set of 2HFY13 performance.
Investment Actions?
We expect a neutral stock reaction to the results and maintained our Accumulate rating and TP of S$4.50. With our assumption of a 90% dividend payout, we expect the stock of STE to yield an attractive 4.1% in FY13E.
Source: PhillipCapital Research - 8 May 2013
Training to be a soldier....
