ST Engineering    Last:7.82   -

ST Engg

heya luostock, thanks for bringing that post closer.

good demonstration of why i say targets are always fluid. (and why TA ppl often appear wrong to ppl who don't understand how technicals work. haha).

as underlined in the post, that the targets are fluid and the actual level is always dependent on the exact conditions of the stock at that point in time. if we were to look at ste since that post, there was no px at which it was stable enough for an actual support.

ie, no second strike yet. strikes are only made when bases are formed.

i know it may seem iffy, but this essentially is how TA works in fine detail: all supports are fluid, and you keep them in your head as an idea. but you move on the reality of it: the stock should be able to hold constant for at least 5 days before you consider a strike. anything else is pre-empting the signal.

think fluid, always.  

 

lol, support, what support?

elfinchilde      ( Date: 15-Jul-2008 22:50) Posted: ooh. this one's melting through the supports. not time to buy yet (for those thinking of squaring up). wait til it stabilises. the first buy signal was abt 2.9, there's none yet for the second. may have a case where it melts through first/second/third support and it all blends together. (for longterm holding). wait til stabilisation to buy.

 

Just to bring this quote nearer

elfinchilde      ( Date: 29-Jun-2008 16:21) Posted: If you're talking about FA, then STE's NAV is only 57c. generally, fair value is given at 1.5-3x book to price ratio. This counter has temasek backing though; so it's very unlikely you'll see 1.5x book to price ratio, or even 2x. By technicals, past 3 years data: you'd have to DCA to prepare for 3 strikes, in a worst case scenario. first entry is ~2.87. second strike at ~2.66. third strike at ~2.32. upside possible is to 3.2-3.3. Note: above is strictly for longterm holding only (>3 mths; likely 6 mths at least). To share a bit more abt a longterm trading strat: all prices quoted above are fluid targets only, as determined by the S/R levels off price/vol charts of the past three years. Exact entry prices may not hit 2.32 or even 2.66: your actual strike is dependent on midterm charting: it may be 2.4, or 2.7 or whatever. Just as your exact exit will be determined by the shorter term charts. Think fluid, remember. Why you have to prepare for 3 strikes in this specific counter is in the event of a worst case scenario. ie, you may or may not get all 3 strikes, since the aim of a longterm strat is to reduce the risk by going in, in portions. Such that if it rebounds, you at least get some benefits off the 1st/2nd entry; but if it goes down, you're not stuck yet as you still can buy in.    Not to be mistaken with quick scalps or midterm trading. And note, only do DCA if you have the clarity of mind and nerves for it: whatever else you do, don't be abandoning a strat halfway and bailing out, then regretting it when it goes up after. Keep your mind very clear on what you are doing. Consistency of method needs to be applied. Also note that DCA does not work for all counters. Stock selection is very important.   Caveat applies to the above as per usual.

 

ooh. this one's melting through the supports. not time to buy yet (for those thinking of squaring up). wait til it stabilises. the first buy signal was abt 2.9, there's none yet for the second. may have a case where it melts through first/second/third support and it all blends together. (for longterm holding).

wait til stabilisation to buy.

 

New support is lowered to 2.41...

 

agree.. today is only the first day of sharp drop, more should come, but also must be realistic la.. 2.00 i think can buy gua.

 

I'll still stay on sidelines first. TA still not bullish yet. Might be a robound but overall still not clear yet. My opinion only.

 

price drop back to jan 2005... waaaa.... a bargain price lei....

cheap cheap.. this is Blue defensive high dividend stock, ha ha.. in my watch list now..

 

SGD2.50 is being tested now..... very scary.. even though with good news, still drops like nobody biz.....

 

Amazing!

 

At this rate - expect 2.40 to be tested.

 

2.55 broken ! even with good news still can drop like nobody business till lowest 2.53.. wonder whats cooking with this counter or just current bad market sentiments....

ST Engineering's Aerospace Arm Signs Comprehensive Engine And Material Support Agreements With CFM

Singapore, 14 July 2008 - Singapore Technologies Engineering Ltd (ST Engineering) today announced that its aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace), has inked a series of agreements with CFM International (CFM) in support of ST Aerospace's CFM56-3, CFM56-5B and CFM56-7B maintenance, repair and overhaul (MRO) operations.

These agreements 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.

The agreements include a comprehensive 10-year materials services agreement that encompasses component repairs and the provision of both new and used serviceable materials for life-limited and non-life limited parts for the CFM56 engine.  The value of this agreement is estimated at US$1.5b and takes effect immediately.  As part of the material services agreement, CFM will establish a spare parts logistics centre in Singapore to better support ST Aerospace and its customers in the region.

In addition to the material services agreement, ST Aerospace and CFM also signed an Engine Overhaul Support Agreement, which will grant ST Aerospace access to OEM technical support and data from CFM.

"This agreement is really a win-win proposition.  ST Aerospace can now bring all the benefits of genuine CFM parts, fully backed by the original manufacturer, to its customers and we are now closely affiliated with one of the largest and most respected maintenance providers in the world with a truly global network." ~ Eric BACHELET, President and CEO, CFM

"We are pleased to further develop our partnership with CFM across the various dimensions of total MRO support for the CFM56 family of engines.  Through today's agreements, ST Aerospace will be able to leverage on the wide-ranging partnership with CFM to bring greater value to customers of our Engine Total Support solution through OEM support in materials and engineering data." ~ TAY Kok Khiang, President, ST Aerospace

CFM56 engines are a product of CFM International (CFM), a 50/50 joint company between Snecma (SAFRAN Group) and General Electric Company.

 

hi redash,

wat's MFI? is it money flow index?

cheers

redash      ( Date: 15-Jul-2008 12:38) Posted: Yea my TA shows that 2.55 is a VERY STRONG support too... and the MFI looks like this one is going to bounce back soon... but if 2.55 is pierced... Confirm "waterfall"... X_X

 

Hi redash, On what TA indicators that you found 2.55 as a very strong support ?

 

Yea my TA shows that 2.55 is a VERY STRONG support too... and the MFI looks like this one is going to bounce back soon... but if 2.55 is pierced...

Confirm "waterfall"...

X_X

 

Heading toward strong support at 2.55...

 

yoh, almost All counters kena slashed. basically, these are market driven. no specific reason. if CO price drops gradually to below 130, we may see some light leow.

this is investment. btw, there are some Warren Buffet investment philosophy posted in today Zao Bao. take a look loh.

famasutika      ( Date: 14-Jul-2008 17:05) Posted: this share keeps dropping within these few months... very scary ler.... :-(  anybody has any idea what's going on with this share?

 

Kept breaking support. Tomorrrow's likely range: 2.60-2.68.

Key supports - 2.55, 2.58.

 

this share keeps dropping within these few months... very scary ler.... :-( 

anybody has any idea what's going on with this share?
 

 

Oops break le

CWQuah      ( Date: 14-Jul-2008 12:20) Posted: 2.66 being tested.