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ST Engineering
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ST Engg
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wooncs8870
Veteran |
06-Aug-2025 16:04
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Wow, you are more optimistic than me predicting target price of $10 while I just targetted $9.50 by end October
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MrBear12
Supreme |
06-Aug-2025 14:44
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Buy now.
1000 target end 2025. |
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wooncs8870
Veteran |
06-Aug-2025 09:18
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ST Engineering&rsquo s Urban Solutions arm has been awarded two contracts to provide rail electronics solutions for the Singapore Thomson-East Coast Line Extension (TELe). The total cost of the contracts have not been specified. The contracts are awarded by the Land Transport Authority (LTA), and involve providing communications systems and access management for the TELe) and the delivery of data communication systems and platform screen doors. These contracts start in the third quarter of this year, and both projects will include replacing and upgrading existing systems for the Tanah Merah, Expo and Changi Airport stations and deployment at the future T5 station. The 14-km TELe comprises four stations, of which three will be converted from existing stations on the East-West Line. When completed, the TELe will provide a direct MRT connection between Changi Airport and the city centre, cutting travel times and providing more seamless journeys for commuters and tourists. These latest wins build on the rail contracts that ST Engineering Urban Solutions has secured in Singapore this year, including supplying rail electronics solutions for the Cross Island Line and upgrading the mobile network for the Downtown Line. |
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wooncs8870
Veteran |
05-Aug-2025 17:00
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MrBear, ST Engineering share price will hit $9.50 by September end
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MrBear12
Supreme |
05-Aug-2025 16:21
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Let it pursue you, not the other way round... ... otherwise you will go merry go round
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wooncs8870
Veteran |
05-Aug-2025 15:35
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I have beeb playing contra on ST Engineering shares the higher it goes, the more I pursue it
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MrBear12
Supreme |
25-Jul-2025 14:40
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Wow, they have a lot of work on their hands.
Need to employ more staff and execute projects on time
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Joelton
Supreme |
25-Jul-2025 12:16
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ST Engineering climbs 8.1% to record high on Q2 contract wins
The counter is up 91.2% year to date from its S$4.66 closing price on Dec 31, 2024
[SINGAPORE] Shares of ST Engineering : S63 +7.13% soared on Thursday (Jul 24) after the group announced that it had bagged S$4.7 billion in contracts for the second quarter of 2025.
As at 1.42 pm, the counter was trading at an all-time high of S$8.94, with some 10.7 million shares transacted. This was 8.1 per cent or S$0.67 above Wednesday&rsquo s closing price of S$8.27.
The counter ended the day 7.1 per cent or S$0.59 higher at S$8.86, after 14.5 million shares changed hands.
On Wednesday, the company announced that it had won contracts worth S$1.5 billion through its commercial aerospace segment, S$1.5 billion from its defence and public security segment, and S$1.7 billion from its urban solutions and satcom segment.
On a tear
ST Engineering shares have been on a tear this year, hitting successive records. On Feb 28, the counter hit an all-time high following record second-half earnings, revenue and orderbook levels.
For the full year ended December 2024, the company&rsquo s net profit rose 19.7 per cent to S$702.3 million, as revenue climbed 11.6 per cent to S$11.3 billion, the highest posted.
SIA, Singtel and more: Singapore&rsquo s top AI adopters could drive 3% GDP growth, says Morgan Stanley
Year to date, the counter has nearly doubled in price. It has soared 91.2 per cent from its closing price of S$4.66 on the last trading day of 2024.
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Joelton
Supreme |
24-Jul-2025 13:42
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ST Engineering bags new contracts worth S$4.7 billion in Q2 2025
Its digital systems business wins contracts to provide a suite of mine countermeasure unmanned systems for Singapore&rsquo s Ministry of Defence
[SINGAPORE] ST Engineering on Wednesday (Jul 23) announced that it secured S$4.7 billion in new contracts in the second quarter of 2025.
These comprise S$1.5 billion from the commercial aerospace segment, S$1.5 billion from the defence and public security segment, and S$1.7 billion from the urban solutions and satcom segment.
The commercial aerospace segment clinched several new contracts across its maintenance, repair and overhaul (MRO), as well as its aerostructures and systems sub-units.
Some of the MRO contracts include a component services agreement with a South-east Asian airline, an offload contract with a major engine original equipment manufacturer, as well as a five-year agreement with Air Cairo.
The aerostructures and systems sub-unit of the commercial aerospace segment secured several passenger-to-freighter orders, including one from Confity Capital Partners, a Dubai-based global financial advisory and growth equity firm.
ST Engineering noted that demand for nacelles and composite floor panels remained steady, supported by increasing new aircraft production.
Separately, the defence and public security segment won new orders across its business lines.
For instance, the digital systems business was awarded contracts by Singapore&rsquo s Ministry of Defence to provide a suite of mine countermeasure unmanned systems to detect and eliminate underwater mines.
This includes a fleet of unmanned surface vessels and autonomous underwater vehicles.
Meanwhile, the segment also scored contracts to implement data centre services, training and simulation, as well as develop and integrate command and control systems that are enabled by artificial intelligence, among other things.
The cyber sub-segment secured new contracts for its advanced encryption products and the provision of cloud-based managed security services, and a cyber range for a customer in Asia.
The land system business secured orders for ammunition as well as weapon MRO services, while the marine segment won various ship repair and maintenance contracts for commercial and naval ships.
The defence aerospace business also won contracts to provide MRO services for international customers, including a North African air force.
ST Engineering also won contracts to provide turnkey rail services for the Taichung MRT Blue Line, as well as its platform screen door solution for the Chennai Metro project and the Xidong Line in New Taipei City.
Meanwhile, smart utilities and infrastructure contracts included integrated smart security management projects for implementation in Singapore.
Satcom received ground infrastructure contracts for the government, defence and enterprise segments in the US, Europe and the Middle East.
ST Engineering does not expect the contracts to have a material impact on the group&rsquo s consolidated net tangible assets per share and earnings per share for the current financial year.
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MrBear12
Supreme |
24-Jul-2025 11:45
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Which company can sustain 1Q 4.3 bn contracts secured, and 2Q 4.7 bn?
Not many I'm afraid...
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go_long
Senior |
24-Jul-2025 11:20
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Good call. Will it hit $10 this year?
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investshare
Supreme |
24-Jul-2025 10:39
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I already say it will hit $9 when it was $6.
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huattuatua
Elite |
24-Jul-2025 09:26
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just when i tot this fella is gonna go down today it scales a new high solid company |
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spursfan
Supreme |
23-Jul-2025 19:40
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ST Engineering Secures Contracts Worth $4.7b in 2Q2025 https://links.sgx.com/1.0.0/corporate-announcements/BDPF0W4B3IVGWZX6/852709_230725_SGX%20release_ST%20Engineering%20Secures%20Contracts%20Worth%20%244.7b%20in%202Q2025.pdf |
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MrBear12
Supreme |
18-Jul-2025 08:51
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Where are you , Woon? ST Eng is hitting new highs!
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Joelton
Supreme |
18-Jul-2025 08:49
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ST Engineering unit, SP Group to sell joint venture for S$290 million to Singapore fund manager Seraya Partners
They say that the proposed transaction will better position SPTel to scale under a new owner
[SINGAPORE] ST Engineering Urban Solutions, a wholly owned subsidiary of ST Engineering : S63 +0.48%, has entered into an agreement with national grid operator SP Group to divest their joint venture (JV) SPTel, an enterprise broadband connectivity provider.
On Thursday (Jul 17), ST Engineering and SP Group said that the proposed transaction will better position SPTel to scale under a new owner. &ldquo (It) will enable SPTel to grow under a new owner whose primary mandate is in investing and growing digital infrastructure platforms,&rdquo they added.
The buyer is AQX, a Tokyo-based investment platform that focuses on companies from telecommunications players to those in the data centre sector in developed Asia-Pacific markets, such as Singapore, Japan, South Korea and Australia.
It is a wholly owned subsidiary of home-grown private equity manager Seraya Partners.
The sale consideration is S$290 million, subject to closing adjustments. This translates to an enterprise value-to-revenue multiple of 4.1 times and an enterprise value-to-earnings before interest, taxes, depreciation and amortisation (Ebitda) multiple of 21.4 times, based on SPTel&rsquo s revenue and Ebitda for the year ended December 2024.
The proposed sale is expected to yield a one-off gain of around S$80 million for ST Engineering, based on its carrying value for SPTel of around S$65 million.
Besides this, it is not expected to have a material impact on ST Engineering&rsquo s consolidated net tangible assets per share and earnings per share for the current financial year.
Additionally, the sellers may receive an earn-out amount of up to S$15 million if certain buyer&rsquo s return thresholds are met in the future, ST Engineering and SP Group said.
For the financial year ended December 2024, SPTel posted S$72 million in revenue and a S$4 million net loss. Its revenue is not consolidated into the financials of both JV owners, as it is equity accounted.
Proceeds from the proposed transaction will be distributed to the sellers in proportion to their shareholdings in SPTel, the companies said. SPTel is 51 per cent owned by ST Engineering Urban Solutions and 49 per cent owned by SP Group.
The sale consideration and earn-out amount were arrived at on a willing-seller, willing-buyer basis, taking into account the business track record, prospects of SPTel and its financial performance, among other factors, the companies said. The proposed transaction is expected to close in the fourth quarter of 2025, subject to conditions including approval from the Infocomm Media Development Authority.
Seraya Partners is a Singapore-headquartered private equity manager that focuses on Asian mid-market deals in the energy transition and digital infrastructure sectors.
ST Engineering Urban Solutions acquired a 51 per cent stake in SPTel in May 2017, prior to which it was wholly owned by SP Group since 1997.
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Joelton
Supreme |
17-Jul-2025 10:46
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ST Engineering to book one-off gain of $80 million from selling broadband JV SPTel
Singapore Technologies Engineering and Singapore Power are selling their broadband joint venture SPTel to Seraya Partners for an enterprise value of $290 million.
SPTel was started by SP in 1997 and in May 2017, ST Engineering acquired a 51% stake. Seraya Partners is a private equity firm focusing on infrastructure investments, with an AUM of US$1.8 billion as indicated on its website.
" This proposed transaction will enable SPTel to grow under a new owner whose primary mandate is in investing and growing digital infrastructure platforms.
" With this strategic alignment, SPTel will be better placed to scale and to provide a more diverse network in Singapore," state ST Engineering and SP in their July 17 joint statement.
ST Engineering says the sale will result in a one-off gain of around $80 million based on its carrying value for SPTel of around $65 million.
Besides the one-off gain, ST Engineering says this deal is not expected to have any material impact on its NTA and earnings for the current financial year.
The agreed sum translates into an implied EV/revenue multiple of 4.1x and EV/EBITDA multiple of 21.4x based on SPTel&rsquo s revenue and EBITDA for the year ended Dec 2024. In addition, the sellers may receive an earn-out amount of up to $15 million if certain buyer&rsquo s return thresholds are met in the future.
In the year ended Dec 2024, SPTel reported a revenue of $72 million and a net loss of $4 million.
The proposed transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including the approval of the regulators.
Just less than a month ago, ST Engineering announced plans to divest its construction machinery unit in the US, Leeboy, for US$290 million.
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spursfan
Supreme |
17-Jul-2025 08:19
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ST Engineering and Singapore Power to Divest SPTel
Key Terms of the Proposed Transaction AQX, a digital infrastructure investment platform wholly-owned by infrastructure investment firm Seraya Partners, will acquire SPTel from ST Engineering Urban Solutions Ltd. and SP for an enterprise value of $290 million, cash-free and debt-free, subject to closing adjustments (Sale Consideration). The divestment will result in a one-off gain of approximately $80 million for ST Engineering https://links.sgx.com/1.0.0/corporate-announcements/HPO2E2YL2VCRBMKH/852237_17072025_Press%20Release_ST%20Engineering%20and%20Singapore%20Power%20to%20Divest%20SPTel.pdf |
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MrBear12
Supreme |
09-Jul-2025 09:07
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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More blood money pouring in! | ||||
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MrBear12
Supreme |
08-Jul-2025 13:43
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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This is blood money bear don' t want
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