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Will it moves if sti falls tmr ? ??
For this type of stock, what should the PE? Is the PE of 20.5 ok?
With the dividend coming up in Feb 2013, I think it can cross S$4 if there are no major global meltdown.
closing price $3.88. How far can it go?
The Highest Price was $3.96 on 8 Oct 2007 and 10 Oct 2007.
Hahaha. Congrats. Keep the cream for others to eat.
edchai ( Date: 13-Dec-2012 09:52) Posted:
yup .... I sold mine yesterday. Good luck to everyone.
bishan22 ( Date: 07-Dec-2012 16:06) Posted:
| Is at all time high. High can go higher but make sure you are not the last one to leave the room. Good luck. |
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yup .... I sold mine yesterday. Good luck to everyone.
bishan22 ( Date: 07-Dec-2012 16:06) Posted:
| Is at all time high. High can go higher but make sure you are not the last one to leave the room. Good luck. |
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After Aberdeen sold their shares, anyone noticed the price shot up? So much for anlayst!
Is at all time high. High can go higher but make sure you are not the last one to leave the room. Good luck.
Speculation on " RIGS" the number 1 and 2 occupied yard ? ??
Even so...
I doubt their ability in rig building in term of price quotation, relevant skill labour supply and yard space.
most of the time, millitary related yards don't encourage rigs, fpso and fso building/repair contracts.
They're defensive to meet the milltary staffs demand.
Give them .... Hmmmm . I think they olso don't want to do )
ST ENG Forecast 2013:
Areospace - neutral
Land - down trend
Marine - down trend
Electronic - bullish
Army BIG BUDGET CONTROL in year 2013
Many exercises would " CUT" in order to reduce costs and expand singapore infrastructure
perhaps boosting the economy as well...
This movie (part 1) may be an early indication of the above... ..
No one cares for the marine business.
Back in year 200x, petrobras did offer one FPSO conversion ship to them due to limit yard space and labour constraint at the other two side.
With dyna mac now, this chances seem to be slimmer.
In those days, they alway declare among one another that they belong to temasek holding, got government support type , etc.
That would be bad for the marine side in long run..
I think so :(
ST Engg: steady growth in 3Q12 results. Revenue, operating and net profit all showed yoy improvement.
All sectors (aerospace, electronics and land systems) recorded revenue growth except for the marine sector.
Electronics and Land Systems showed the greatest improvement in profitability driven by favorable pdt mix.
The Marine division posted a 7% yoy decline in revenue, attributed primarily to lower revenue recognition from shipbuilding contracts. The unit’s pretax profit fell at a slower 3% on lower write back of allowance of doubtful debts.
But mgt says it is not perturbed and expects the unit to benefit from continued offshore exploration activities. STE’s orderbook stands at $12.5b, down slightly 1.6% qoq. Nevertheless order momentum remains strong, with $1b orders won in 3Q12. STE will recognize $1.5b in orders in 4Q12 vs $0.9b in 3Q12, which should lead to a qoq increase in revenue.
Overall STE guided for higher revenue and pretax profit for FY12.
UOBK maintains Buy with TP $3.85, raises final div est by 0.5cts to 17cts.
Deutsche keeps at Buy, lifts TP from $3.70 to $3.95, says STE offers an attractive div yield of 5% and prospects appear healthy.
Credit Suisse however keeps at Underperform with TP $2.68, says the stock is expensive at 21x FY12e P/E.
Seems like singapore big three marine industry suffer loss from 3rd Q 2012.
{DBS}
ST Engineering reported 3Q12 net profit of S$146m (+9% y-oy),
which is ahead of our estimates. There is a margin
improvement across all segments. YTD order wins of S$3.5bil
has already surpassed FY11 levels, which will underpin
FY13/14 earnings visibility. Our analyst revises up FY12/13F
earnings by 3-4%. Maintain BUY with higher TP of S$3.80
(from $3.60).
| 1 |
2012-10-24 |
--- |
SINGAPORE TECH ENGINEERING LTD |
Aberdeen Asset Management Asia Limited |
Substantial Shareholder |
Sell |
Sales in Open Market at Own Discretion |
960000 |
--- |
[Trading Central] Singapore Technologies Engineering: target 3.37
18 Oct 2012 15:39
Alternative scenario: above 3.66, look for 3.75 and 3.81.
Short Term View
(Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Limited Decline |
| Change In Short Term View |
None |
Medium Term View
(Bullish, Range, Bearish) |
Bullish |
| Change In Medium Term View |
None |
Our pivot point is at 3.66.
Our preference: target 3.37.
Alternative scenario: above 3.66, look for 3.75 and 3.81.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The configuration is negative. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 3.52 and 3.44). Singapore Technologies Engineering is currently trading near its 52 week high reached at 3.62 on 05/10/12.
Supports and resistances: 3.75 *
3.66 **
3.62
3.54 last
3.43
3.37 **
3.32 *
Copyright 1999 - 2012 TRADING CENTRAL
Click to view chart in actual size.
Lau hong again. Good luck.
Today is a good day to
Buy ST Engg.
Entry: $3.56 to $3.58
Stop-Loss: $3.390
More on my Blog at Alex Trades.
Good luck.
