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krisluke
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20-Jun-2013 11:46
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Singapore Technologies Engineering ST: short term rebound towards 4.49
Trading Central | 2013-06-19 22:47:00
Alternative scenario: the downside breakout of 3.86 would call for 3.65 and 3.53. Our pivot point is at 3.86.
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marubozu1688
Master |
02-Jun-2013 11:37
Yells: "Be humble in front of Mr. Market." |
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Watch out for the formation of Head and Shoulder, a reversal chart pattern for ST Engineering. http://mystocksinvesting.com/singapore-stocks/st-engineering/st-engineering-elliott-wave-a-in-action/ |
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krisluke
Supreme |
09-May-2013 22:42
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Lim & Tan |
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krisluke
Supreme |
09-May-2013 22:38
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A Singapore Airshow (SAe) 2013 EventIMDEX Asia 2013 and IMSC 2013 will be organized by Singapore Airshow & Events (SAe) with support from Republic of Singapore Navy (RSN). Please note that as Singapore Airshow is a biennial event, there is no Singapore Airshow 2013. As previous Singapore Airshow was held on February 2012, the next Singapore Airshow held will be Singapore Airshow 2014. “We are indeed very excited to be working with the Republic of Singapore Navy to organise IMDEX ASIA and IMSC. IMDEX ASIA will allow companies to penetrate the vast maritime defence market in the Asia Pacific region and beyond. SAe will continue to be a leading enabler in providing strategic industries the platform and gateway to network and conduct business in this region. Through IMDEX ASIA, we hope to further put Singapore on the map as a venue of choice in hosting key industry exhibitions that are of strategic global interest,” said Mr Jimmy Lau, Managing Director of Singapore Airshow & Events (SAe). “IMDEX ASIA is a key event in the maritime defence industry’s global calendar and the Republic of Singapore Navy (RSN) will work with Singapore Airshow and Events (SAe) to take the exhibition to a higher level of excellence and better serve the trade and industry players, navies and maritime enforcement agencies in the Asia-Pacific region,” said RADM Chew Men Leong, Singapore’s Chief of Navy. http://publicholiday.org/calendar/imdex-asia-2013/ |
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krisluke
Supreme |
09-May-2013 22:35
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ST Engineering: All-time high order book of S$13.0b - IOCBC Singapore Technologies Engineering (STE) reported 1Q13 results that were generally in line with ours and consensus expectations. Revenue grew 0.2% YoY to S$1.54b, and PATMI fell 0.3% YoY to S$134m. Highlights include: 1) lack of the biennial Singapore Airshow in 1Q13, which contributed to a S$6.1m drop in share of results of associates and jointly controlled entities, 2) growth in administrative expenses by S$7.9m (7% YoY) due to increased headcount from new Aerospace subsidiaries. STE's order book reached a new high of S$13.0b as of end-Mar 2013 (4Q12: S$12.1b), of which S$3.6b is expected to be delivered in the remainder of 2013. We forecast FY13F EPS of 19.8 S cents. Raising our P/E peg to 22x from 20.7x, given the increased visibility from the record order book, we raise our fair value to S$4.36 from S$4.12. We maintain a HOLD rating on STE and estimate a FY13F dividend yield of 4.1%. ST Engineering (STE SP)- UOB KH 1Q13: Flat Net Profit But Guidance For Full-year Growth OrderBook At Record High Of S$13.0b Excluding the absence of contribution from a bi-annual air show, PBT would have risen by 5% yoy. We are encouraged by the growth in its orderbook and raise our target price by 9% to S$4.50. Maintain HOLD. Entry price is S$4.10. ST Engineering Ltd – Results (Philips) Recommendation: Accumulate Previous close: S$4.37
Fair value: S$4.50
Net income of S$134.0mn (-0.3%y-y).
Record high order book of S$13.0bn.
Positive full year guidance maintained.
Maintain Accumulate with unchanged TP of S$4.50.
DBSV- ST Engineering’s 1Q13 net profit of S$134m is in-line with estimates, after adjusting for one-off items. STE announced a record order book of S$13bil as of end-1Q13, up from S$12.1bil at end-FY12, as they took in big orders in 1Q13. Our analyst assumes YTD order wins to be S$2bil in FY13, which is about half the figure recorded in FY12. This underpins steady 6% growth in earnings over FY13/14. Operating cash flow is strong, gross cash levels exceeded S$2bn and future dividends appear secure. Maintain BUY with higher TP of S$4.80 (prev. $4.40). |
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krisluke
Supreme |
09-May-2013 22:12
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krisluke
Supreme |
08-May-2013 15:50
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What is the news?
STE reported net profits of S$134.0mn in 1QFY13 on sales of S$1,544.7mn. Revenue was little changed on year as higher sales from other segments were offset by a 6% decline in sales for the Electronics division. Profit growth was the strongest at the Aerospace segment as the division benefitted from a 2.6% improvement in PBT margins. Management guided for higher revenue and comparable PBT in 1H2013 compared to 1H2012, while maintaining their full year guidance for higher revenue and PBT. How do we view this?While the results were slightly disappointing as compared to the same period last year, we believe that seasonal contributions from the biennial Singapore Airshow did create a higher basis for comparison. By maintaining their guidance of profit growth for the full year, management have implicitly guided for a strong set of 2HFY13 performance. Investment Actions?We expect a neutral stock reaction to the results and maintained our Accumulate rating and TP of S$4.50. With our assumption of a 90% dividend payout, we expect the stock of STE to yield an attractive 4.1% in FY13E. Source: PhillipCapital Research - 8 May 2013 |
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krisluke
Supreme |
08-May-2013 10:24
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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. |
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krisluke
Supreme |
07-May-2013 16:49
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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 
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krisluke
Supreme |
07-May-2013 16:46
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Trend Spotting| 03 May 2013 Singapore Tech Engineering Singapore 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 |
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bishan22
Supreme |
15-Apr-2013 16:35
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No sign of retracement. Who are the buyers??? Company buy back??? 
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marubozu1688
Master |
13-Apr-2013 15:03
Yells: "Be humble in front of Mr. Market." |
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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/ |
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guoyanyunyan
Supreme |
27-Mar-2013 09:23
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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 ... | ||
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eagle18
Member |
21-Mar-2013 11:10
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Hi, Anyone know why is it not doing well? Seems like going downhill faster than inching up. Regards |
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guoyanyunyan
Supreme |
20-Mar-2013 10:05
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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. | ||
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Bigmama
Elite |
24-Feb-2013 23:02
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Anyone knows the ex-div date? | ||
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edchai
Veteran |
20-Feb-2013 19:37
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This stock exploded !! | ||
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Sporeguy
Elite |
20-Feb-2013 17:10
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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.
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guoyanyunyan
Supreme |
20-Feb-2013 17:05
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... wave 5 itself consist of 5 sub-waves ... | ||
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Sporeguy
Elite |
20-Feb-2013 17:02
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If according to yr TA, it is now on Wave 7.
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