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Singapore Technologies Engineering (ST Engg) reported net profi t down 0.3% for the 1Q13 to $134mil, despite revenue up 0.2% to $1.54bil. EPS was 4.34 cents.
Some $3.6bil of the order book will be delivered over the course of this year. Cash and cash equivalents ‐ including funds under management ‐ totalled some $2.5bil. Advance payments from customers worked out to $2bil.
Alternative scenario: the downside breakout of 4.32 would call for 4.2 and 4.13.
Our pivot point stands at 4.32.
Our preference: the upside prevails as long as 4.32 is support.
Alternative scenario: the downside breakout of 4.32 would call for 4.2 and 4.13.
Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the
Trend Spotting| 03 May 2013
Singapore Tech EngineeringSingapore Tech Engineering (ST Engg) is moving on a strong uptrend, its 20, 40 and 100 day MAs are all sloping up. The commodity channel index (CCI) is now overbought and so far, the pullback has been very shallow. The CCI is now above 100 and is overbought. One may consider buying when the CCI drops to the oversold level and turn up again. There were 3 previous occasions of such since June last year. The immediate support for this stock at $4.35. In April-13, it secured $480 million worth of orders in the Aerospace industry.
Weekly Chart of ST Engrg
No sign of retracement. Who are the buyers??? Company buy back???
Technically and Fundamentally ST Engineering does not look like an attractive stock for long term investing base on current price.
http://mystocksinvesting.com/singapore-stocks/st-engineering/st-engineering-wave-5-ending-soon/
Singapore
Daily
ST Engineering: Defence’s Turn In The Limelight Buy, TP $4.4
We reiterate our BUY call on ST Engineering (STE), as a positive defence
business outlook lends support to the thesis that it should trade at a
premium to its historical average.
Two of STE’s largest contracts announced to-date have been derived from
its defence business, and both from its Marine arm. We continue to see
healthy defence expenditure trends both in terms of Singapore (CAGR 4%)
as well as from STE’s overseas customers (CAGR 4-5%).
We believe STE’s 1Q13 orderbook will set yet another record (~SGD13b),
providing the earnings visibility that would catalyse its share price
appreciation. Our target price of SGD4.40 is pegged at 21.6x FY2013 PER,
1 SD above its historical average. Investors who own the stock before
Ex-Div on 26 Apr will stand to enjoy SG 13.8 cts / share of dividends
(translating to ~3.3% yield). ... Last Done: $4.23 ...
Hi,
Anyone know why is it not doing well? Seems like going downhill faster than inching up.
Regards
ST Engineering said its aerospace arm has injected new capital, which adds up to the total share capital of $10.3 million, in an associated engine asset management company.
Anyone knows the ex-div date?
This stock exploded !!
Or may be ST Eng is still at Wave 3. Your Wave 4 could be subwave of Wave 3. Wave 4 seems has not form yet as the price has not dip sufficiently as Wave 2 which has touch 200MA.
marubozu1688 ( Date: 13-Jan-2013 23:34) Posted:
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... wave 5 itself consist of 5 sub-waves ...
If according to yr TA, it is now on Wave 7.
marubozu1688 ( Date: 13-Jan-2013 23:34) Posted:
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Last Year div in April = 4+8.5 c
This Year div in April = 4 +9.8 c.
Good stock to hold.
ST Engineering on Friday said its US shipyard, VT Halter Marine, Inc. has won a shipbuilding contract from Bouchard Transportation Co Inc, its long-time partner since the 1970s.
The contract was for building an articulated tug barge unit to transport liquid petroleum. Construction will begin in April 2013 at VT Halter Marine's Pascagoula facility, with delivery scheduled in mid 2015.
The contract comes with an option for an additional unit which has a validity of 60 days from the contract date.
ST Engineering told BT that it was not able to disclose the value of the contract.
ST Engineering on Friday posted a 9 per cent increase in profit attributable to shareholders of S$576.2 million for the full year ended Dec 31, 2012.
It did not provide separate figures for its fourth quarter.
Full-year revenue climbed 6 per cent over FY2011 to S$6.4 billion, as all sectors reported higher revenue except for its land systems sector which registered comparable revenue.
The fourth quarter saw group revenue increase 12 per cent quarter-on-quarter to S$1.7 billion, as revenue contribution from all sectors rose between 6 per cent and 28 per cent, it said.
i missed the train... isit still possible to buy now ?
$3.84 is the pivot R3.
R2 is at $3.86.
Do note take breaking $3.86 means STI going to correct.
Could see $3.95
