Singapore Technologies Engineering Ltd.

Singapore Technologies Engineering is an investment holding company. Co. and its subsidiaries have four business sectors: Aerospace, which provides a range of aircraft maintenance, engineering and training services for both military and commercial aircraft operators; Electronics, which engages in the design, development and integration of electronics and communications systems; Land Systems, which delivers integrated land systems, specialty vehicles and their related through-life support; and Marine, which provides customised shipbuilding, repair and conversion services to both naval and commercial vessels, at Co.'s yards in Singapore and the U.S.
  • TickerS63
  • ISINSG1F60858221
  • ExchangeSingapore Exchange
  • SectorAerospace & Defense
  • CountrySingapore

Analysts

UOB
Singapore Research Team

Strategy - Alpha Picks: Meaningful changes to our portfolio

Our portfolio rose 6.8% mom as June clawed back most of May’s 7.5% mom decline. We have made some meaningful changes to our portfolio by adding CDL Hospitality Trust as a long idea, and Venture and SATS as short ideas. We also removed CCT, OCBC and SPH from the portfolio.

UOB
Singapore Research Team

Singapore Daily - Friday, July 5, 2019

KEY HIGHLIGHTS Strategy Alpha Picks: Meaningful Changes To Our Portfolio: Our portfolio rises 6.8% mom in June, outperforming the FSSTI. We add CDL Hospitality Trust as a long idea, and Venture and SATS as short ideas. TRADERS’ CORNER Singapore Post (SPOST SP): Trading BUY Venture Corp (VMS SP): Trading SELL

UOB
Chong Lee Len ...
  • K Ajith
  • Lucas Teng Yao Yang

Strategy - Assessing scope for valuation expansion among non-REIT stocks

High-yield stocks under our coverage offer dividend yields of 3.8-6.2 %. While some of these stocks appear attractive relative to 10-year SGS, we believe only ComfortDelgro and NetLink NBN Trust offer scope for appreciation beyond our respective target prices due to higher dividend yields. We have BUY ratings on both stocks.

UOB
Chong Lee Len ...
  • K Ajith
  • Lucas Teng Yao Yang

Singapore Daily - Wednesday, June 12, 2019

KEY HIGHLIGHTS Strategy Assessing Scope For Valuation Expansion Among Non-REIT Stocks: Among high-yield stocks under our coverage, ComfortDelgro and NetLink NBN Trust offer scope for appreciation beyond our target prices. MONTHLY TECHNICAL - INDICES OUTLOOK FTSE Straits Times Index (STI IND): Rebounding from the edge of cloud

Lorraine Tan

Morningstar | Adding STE to Our Best Ideas List, Things Are Looking Up Despite Global Gloom

We add narrow-moat ST Engineering to our Best Ideas list because we expect this stock will outperform during this period of global growth uncertainty. STE has a defensive income stream, with its core aerospace and electronics segments shielded from most macro headwinds, while defense orders make up about one third of revenue. We think this is an attractive entry level for STE because, although it has already been outperforming the FTSE Straits Times Index, rising 8.1% year to date versus a decline of 2.6% for the index, we believe there is room for upside. STE's growth prospects will remain at...

Singapore Technologies Engineering Ltd. - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Singapore Technologies Engineering Ltd.: Update following affirmation of Aaa issuer rating; BCA downgraded to a3

Our credit view of Singapore Technologies Engineering Ltd., following its proposed acquisition of Newtec Group NV.

Moody's affirms ST Engineering's Aaa issuer rating; downgrades baseline credit assessment to a3

Rating Action: Moody's affirms ST Engineering's Aaa issuer rating; downgrades baseline credit assessment to a3. Global Credit Research- 01 Apr 2019. Singapore, April 01, 2019-- Moody's Investors Service has affirmed the Aaa issuer rating of Singapore Technologies Engineering Ltd..

Singapore Technologies Engineering Ltd.: Update to credit analysis

Our credit view of Singapore Technologies Engineering Ltd., reflecting strong government support and the company's stable operating performance.

Moody's announces completion of a periodic review of ratings of Singapore Technologies Engineering Ltd.

Announcement: Moody's announces completion of a periodic review of ratings of Singapore Technologies Engineering Ltd.. Global Credit Research- 08 Mar 2019. Singapore, March 08, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Singapore Technologies Engineering Ltd. and other ratings that are associated with the same analytical unit.

UOB
Singapore Research Team

Strategy - Alpha Picks: Meaningful changes to our portfolio

Our portfolio rose 6.8% mom as June clawed back most of May’s 7.5% mom decline. We have made some meaningful changes to our portfolio by adding CDL Hospitality Trust as a long idea, and Venture and SATS as short ideas. We also removed CCT, OCBC and SPH from the portfolio.

UOB
Singapore Research Team

Singapore Daily - Friday, July 5, 2019

KEY HIGHLIGHTS Strategy Alpha Picks: Meaningful Changes To Our Portfolio: Our portfolio rises 6.8% mom in June, outperforming the FSSTI. We add CDL Hospitality Trust as a long idea, and Venture and SATS as short ideas. TRADERS’ CORNER Singapore Post (SPOST SP): Trading BUY Venture Corp (VMS SP): Trading SELL

UOB
Chong Lee Len ...
  • K Ajith
  • Lucas Teng Yao Yang

Strategy - Assessing scope for valuation expansion among non-REIT stocks

High-yield stocks under our coverage offer dividend yields of 3.8-6.2 %. While some of these stocks appear attractive relative to 10-year SGS, we believe only ComfortDelgro and NetLink NBN Trust offer scope for appreciation beyond our respective target prices due to higher dividend yields. We have BUY ratings on both stocks.

UOB
Chong Lee Len ...
  • K Ajith
  • Lucas Teng Yao Yang

Singapore Daily - Wednesday, June 12, 2019

KEY HIGHLIGHTS Strategy Assessing Scope For Valuation Expansion Among Non-REIT Stocks: Among high-yield stocks under our coverage, ComfortDelgro and NetLink NBN Trust offer scope for appreciation beyond our target prices. MONTHLY TECHNICAL - INDICES OUTLOOK FTSE Straits Times Index (STI IND): Rebounding from the edge of cloud

Lorraine Tan

Morningstar | Adding STE to Our Best Ideas List, Things Are Looking Up Despite Global Gloom

We add narrow-moat ST Engineering to our Best Ideas list because we expect this stock will outperform during this period of global growth uncertainty. STE has a defensive income stream, with its core aerospace and electronics segments shielded from most macro headwinds, while defense orders make up about one third of revenue. We think this is an attractive entry level for STE because, although it has already been outperforming the FTSE Straits Times Index, rising 8.1% year to date versus a decline of 2.6% for the index, we believe there is room for upside. STE's growth prospects will remain at...

Ho Aaron

ST Engineering

SING.TECHS.ENGR.LTD. with less fundamental stars is reduced to Neutral

SING.TECHS.ENGR.LTD. (SG), a company active in the Aerospace industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 14, 2019, the closing price was SGD 4.02 and its expected value was estimated at SGD 3.87.

David Bassett

Earnings Benefited from Lower R&D; Warranty Provision Stable after Q2 Reversal

Ho Aaron

ST Engineering

Ho Aaron

ST Engineering

UOB
K Ajith

Aviation - Earnings preview: SIA and SIAEC likely to disappoint. STE and SATS likely to deliver organic growth

We expect SATS’ core net profit to rise by 20%, underpinned by growth from the non-aviation food segment, but expect SIA to report a 37% yoy decline on pre-SFRS 1 based numbers. For STE, we expect low-to-mid single-digit earnings growth due to guidance on higher orderbook recognition in 2019, lower financing costs and a likely improvement in the marine sector’s margins. We are not optimistic of an earnings pick-up for SIAEC and expect the company to cut final dividends. Top picks are SATS and STE.

UOB
K Ajith

Aviation - Earnings preview: SIA and STE could surprise on the downside; The latter due to one-off impairment charges

We expect SIA to report S$227m in net profit for 3QFY19, a 21% yoy decline on pre-SFRS 1-based numbers, and expect SIA to be more cautious in its forward guidance. For STE, we expect 4Q18 earnings to be hit by an impairment loss from the divestment of VT Leeboy India. For SATS, we expect flat headline net profit but mid- to single-digit growth in underlying 3QFY19 net profit. SIAEC could be a wild card, with potential upside surprise from its engine JV. Top picks are SATS and STE.

Strategic Defence Intelligence Department

Singapore Technologies Engineering Ltd. : Aerospace and Defense - Company Profile, SWOT & Financial Analysis

Synopsis Strategic Defence Intelligence's "Singapore Technologies Engineering Ltd. : Aerospace and Defense - Company Profile, SWOT & Financial Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, financial analysis, mergers & acquisitions, recent developments, key employees, company locations and subsidiaries as well as competitive benchmarking data. Summary This report is a crucial resource for industry executives and anyon...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch