ST Engineering    Last:7.95    -0.01

ST Engg

Wa, today crazy... run up so much?? Didnt monitor this stock for so long.. suddenly saw it broke $3!!?!??!?! Any news??

 

Sar kor.

 

Broke the resistance of $2.70 about 3 days ago (now only notice). Would this be the new support or $2.55 ?

Now at a year's high. No idea what is the TP ? Need further analyis.

 

2nd gear. What is the TP ?

 

engine start liao.

 

ST Engineering's Aerospace: As Singapore seeks to grow as an aerospace leader in the region, some industry players said there is a need to further develop and sharpen skills and technology.

 

Keen competition is expected to come from China, but experts noted that Singapore can still draw on its comparative advantage.

 

Singapore is now seen as the most comprehensive maintenance, repair and overhaul (MRO) hub in Asia. More than 100 international firms are operating here, including Rolls Royce which has set up a manufacturing base at the Seletar Aerospace Park.

 

The country is keen to draw other big names, but some industry players said there is a need to upgrade technology and skills.

 

Aloysius Tay, chief executive, Association of Aerospace Industries, said: "We have a very strong precision engineering industry. Many of our industry players are able to produce whatever drawing is given to them for the parts.

 

"These parts will have to make up a bigger component. The making of that bigger component needs a lot more specialised and competent skills. At the moment we are finding it a challenge to search for such companies."

 

Experts said Singapore needs to attract more people into the sector and encourage further training to fill highly-skilled blue collar jobs in the sector.

 

It can also tap on its comparative advantage, amid keen competition from China and the Middle East.

 

Leithen Francis, deputy Asia editor, Flight Global, said: "Sometimes there are parts for aircrafts that need to be turned around very quickly. Singapore can be very good at that. And Singapore is very good at project managing - being given a task and delivering it on time or ahead of time.

 

"Singapore can position itself where maybe some of the work is not actually being done in Singapore but in other countries (due to) lower cost, but Singapore still has a role in managing the project."

 

Singapore's aerospace industry has grown at an average rate of 13.3 per cent annually since 1990. It is seen as a key growth area amid efforts to diversify the economy.

 

old cow get the contract again haha...

ST Engineering today announced that its aerospace arm, ST Aerospace, has signed a three-year
maintenance service agreement (MSA) with Copa Airlines. Commencing immediately and worth an
estimated US$18.5m (S$26.8m), the agreement covers the maintenance, repair and overhaul (MRO) of
Copa Airlines’ existing fleet of 28 Boeing 737 next generation and 15 Embraer E-190 aircraft, as well as an
additional 11 E-190 aircraft from Copa-owned Aero República.

 

all time defensive play..

cannot cut defense budget la..defense is best offence..keke

 

Buying old cow in correction time. So let the cow work hard for you and move bit by bit.

 

any moment if market bad,..  it will be the next defensive play,,,,compare with sph n singtel .....this burger is still far away........worth to invest is safe but very slow moving .......old cow.

 

ST Engineering's Profit After Tax Grew 28% Over First QuarterGenerated healthy operating cash flow and maintains strong order book

Singapore, 4 August 2009 - Singapore Technologies Engineering Ltd (ST Engineering) today reported increases in turnover, profit before tax (PBT) and profit after tax and minority interests (PATMI) for 2Q2009 over 1Q2009.  Turnover increased by 7% to $1,409m, while PBT grew 25% to $139.3m and PATMI grew 28% to $108.7m compared to the previous quarter.

During the quarter, all sectors recorded higher turnover vis-a-vis 1Q2009 with more 757 passenger-to-freighter conversion redeliveries, milestone completions of communications and MRT projects, higher specialty vehicles sales and favourable sales mix for shipbuilding.  The Aerospace, Electronics and Marine sectors also recorded corresponding higher PBT.  The Land Systems sector's PBT was lower due to unfavourable product mix and higher operating expenses, including R&D expenses.

Commercial sales constituted 62% or $872m of the turnover for the second quarter.  As at end June 2009, the Group's cash and cash equivalents totalled $1.08b. Advance payments from customers stood at $1.36b.  Earnings per share was 3.62 cents representing a 27% growth compared to 1Q2009.

The Group maintained a strong order book of $10.74b as at 30 June 2009, of which about $2.06b is expected to be delivered in the second half of 2009.  During the quarter, the Aerospace sector added new customers such as Cimber Sterling and Shanghai Airlines for its Maintenance-By-the-Hour component programmes; the Electronics sector bagged a milestone project to create the first Virtual World for the inaugural Singapore 2010 Youth Olympic Games; the Land Systems sector added 40mm ammunition contracts from the UK Ministry of Defence and Swedish Defence Materiel Administration; while the Marine sector's Roll-on Roll-off vessel, City of Hamburg,
won the highly acclaimed ShipPax Award 2009, a first for a Singapore-based shipbuilding company.

"The Group reported increases in Turnover, PBT and PATMI of 7%, 25% and 28% respectively in 2Q2009 over 1Q2009.  Compared to 2Q2008, 2Q2009 Turnover increased by 8% while PBT and PATMI decreased by 8% and 9% respectively.

With a healthy order book, the Group's operations continue to generate steady net cash from operating activities, adding $192m in 2Q2009 and $545m in 1H2009.

I am pleased to announce that the Board of Directors has approved the payment of an interim ordinary dividend of 3 cents per share, payable on 10 September 2009.

Barring unforeseen circumstances, the Group expects to achieve comparable turnover and PBT for FY2009 over FY2008." ~ TAN Pheng Hock, President and CEO, ST Engineering

1H2009 vs 1H2008
Compared to 1H2008, 1H2009 turnover increased by 4% to $2,727m while PBT decreased by 19% to $250.6m and PATMI decreased by 20% to $193.9m.  The lower PBT and PATMI were mainly due to lower turnover in Land Systems sector and unfavourable sales mix from Aerospace and Land Systems sectors.

Interim Dividend
The Board of Directors approved an interim ordinary dividend of 3 cents per share for the financial year ending 31 December 2009.  This is payable on 10 September 2009.

 

Updated: 4th August 2009, 1914 hrs

ST Engineering's Q2 net profit down 9.4%

ST Engineering has posted a 9.4 percent drop in second quarter net earnings to 108.7 million dollars from a year ago on rising costs and operating expenses. Revenue for the three months to June rose 8 percent to 1.4 billion dollars. But this failed to offset the rise in costs and expenses during the quarter. Compared to the year-ago-period, cost of sales rose 11.4 percent while operating expenses rose 8.2 percent. The company maintained a strong order book of 10.7 billion dollars as of June. About 2 billion dollars of these orders are expected to be delivered in the second half of the year. Barring unforeseen circumstances, ST Engineering expects to achieve higher turnover and profit before tax in the second half of the financial year, compared to the first half.

 

Updated: 22nd July 2009, 1340 hrs

ST Engineering wins 2 deals worth S$12.5mil

Mainboard-listed ST Engineering says its marine arm has clinched two deals worth about 12 and a half million dollars. One of the contracts involves the supply of an Above Ground Waste Management System in Dubai City. It's slated to be completed by the first quarter of next year. Under the terms of the second contract, ST Marine will design and build a Materials Recovery Facility to manage 100 thousand tons of waste generation in Beijing. The facility is expected to be delivered by the end of this year. ST Engineering says the contracts are not expected to have any material impact on its assets and earnings for the current financial year.

 

Which is better for shareholders, issue notes or rights ?

What are the pros and cons ?

 

 

is this note meant for common folks like me?

any idea, what is the usual application process to obtain the note?

 

ST Engineering Financial I Ltd to Issue US$500,000,000 4.80% Notes Due 2019Singapore, 10 July 2009 - Singapore Technologies Engineering Ltd (ST Engineering) today announced that its wholly-owned subsidiary, ST Engineering Financial I Ltd (STEF-1), will issue US$500,000,000 4.80% Notes due 2019 (Notes) under its US$1.2 billion Multicurrency Medium Term Note Programme (Programme) that was established on 6 July 2009.  The Notes will be unconditionally and irrevocably guaranteed by ST Engineering.

The Notes are expected to be issued on 16 July 2009 and mature on 16 July 2019.  The Notes will bear interest at a fixed rate of 4.80% per annum and will be issued in denominations of US$100,000 and integral multiples of US$1,000 in excess thereof.

The net proceeds of the issue will be lent by STEF-1 to the ST Engineering Group of Companies for the purpose of funding new capital expenditures, acquisitions, general corporate purposes and/or refinancing existing borrowings.

Deutsche Bank AG, Singapore Branch and Morgan Stanley Asia (Singapore) Pte. are the Joint Bookrunners for the Notes.

Application has been made to the Singapore Exchange Securities Trading Limited (SGX-ST) for the listing and quotation of the Notes.  The SGX-ST assumes no responsibility for the correctness of any of the statements made or opinions expressed or reports contained herein.  Approval for the listing and quotation of the Notes on the SGX-ST is not to be taken as an indication of the merits of STEF-1, ST Engineering, the Programme or the Notes.

 

is one way ticket man.

 

seems uptrend..

 

Sporeguy,
             Thanks. You are very sharp. I'm very malu! I made a mistake in my formula in Excel. Also made a mistake in scaling up amt, should be 4k (1% risk) I've changed it  here.

 

Assume initial portfolio = 100k,
Target gain = 100%, Risk = 2%. Stop Loss=100/4=25%, Scale-up = 100/3=33%
initial investible = 100k*0.02/0.25 = 8k
Add 1% risk on every 25% rise ==> scaling in amt = 4k.
Action	Buy($)	Price	%Gain	No of Shares	Current Value	Total Investment
Buy (Base Pr)	8000	2.50		3200.00	8000.00	8000
Scale-Up Buy	4000	3.33	33.0%	4403.01	14640.00	12000
Scale-Up Buy	4000	4.15	33.0%	5366.86	22272.48	16000
Scale-Up Buy	4000	4.98	33.0%	6170.88	30700.14	20000
Sell (Limit 25%)		3.73	-25.0%	6170.88	23025.11	20000
Amt Committed		20000.00
Value		23025.11
Profit		3025.11
%Profit		15.1%

To improve the returns, one can also use different sell % as more gain is realised (adaptive method)

We can also set lower profit target percent (15%,10%) etc for faster absolute returns.

 

Hi HLJ, I am a bit confused by yr table. Am i right to add in a last column to show the no. of shares that can be bought for $8000 in each case ?

Action	Buy($)	Price	%Gain	Current Value	Total Investment	No. of shares ?
Buy (Base Pr)	8000	2.5		10000.00	8000	3200
Scale-Up Buy	8000	3.325	33.0%	21300.00	16000	2406
Scale-Up Buy	8000	4.15	33.0%	36329.00	24000	1928
Scale-Up Buy	8000	4.975	33.0%	56317.57	32000	1608
Sell (Limit 10%)		3.73125	-25.0%	42238.18	32000	9142

 

So the current value =9142x3.73125=34111<42238 but >32000 ?

 

HLJHLJ      ( Date: 17-Jun-2009 22:45) Posted: You can adapt to my example here. Mine is just academic. Lost my file so I've recreated here: Assume initial portfolio = 100k,  Target gain = 100%, Risk = 2%. Stop Loss=100/4=25%, Scale-up = 100/3=33% initial investible = 100k*0.02/0.25 = 8k Add 1% risk on every 15% rise ==> scaling in amt = 10k. Action Buy($) Price %Gain Current Value Total Investment Buy (Base Pr) 8000 2.5   10000.00 8000 Scale-Up Buy 8000 3.325 33.0% 21300.00 16000 Scale-Up Buy 8000 4.15 33.0% 36329.00 24000 Scale-Up Buy 8000 4.975 33.0% 56317.57 32000 Sell (Limit 10%)   3.73125 -25.0% 42238.18 32000 Amt Committed 32000.00 Value 42238.18 Profit 10238.18 %Profit 32.0% taitai      ( Date: 17-Jun-2009 13:35) Posted: HLJHLJ I am curious to know what do you mean by average up? Can you illustrate with an example? Thanks.