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ST Engg
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investshare
Supreme |
03-Oct-2021 20:10
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No right issue.
3.4 Source of Funding. The Acquisition will be funded through the Group?s internal cash and the issuance of debt securities, and will be satisfied fully in cash on the date of Completion. |
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Linnaeus
Member |
03-Oct-2021 15:13
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 Monday will tell, how ppl react, should be good new, cheer
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jackass
Member |
03-Oct-2021 15:03
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https://www.stengg.com/en/newsroom/news-releases/st-engineering-accelerates-smart-city-growth-with-acquisition-of-transcore-for-us-268b/ lmao this transcore software seems like a good replacement for the ERP system Really huat for sg government Singapore, 3 October 2021 &ndash Singapore Technologies Engineering Ltd (ST Engineering) today announced that it has entered into an agreement to acquire all the ownership interests in TransCore Partners, LLC and TLP Holdings, LLC (collectively TransCore) from an indirect wholly-owned subsidiary of Roper Technologies, Inc. (the Acquisition). The aggregate purchase price for the Acquisition is US$2.68 billion (S$3.62 billion) in cash on a cash-free and debt-free basis, subject to certain purchase price adjustments.
&ldquo With this acquisition, our Smart City businesses will be better positioned to capture growth at the intersection of urbanisation, digitalisation and sustainability. TransCore&rsquo s market leading end-to-end tolling solutions and congestion pricing businesses, supported by a strong track record of execution and talented team, are poised for global expansion as part of ST Engineering group. We are committed to continue delivering excellent customer service and project execution for TransCore&rsquo s customers,&rdquo said Chew Men Leong, President of Urban Solutions at ST Engineering. &ldquo ST Engineering will be a great owner for TransCore and will support the business as it pursues the next phase of its innovative work in traffic management, tolling technology, and smart city infrastructure,&rdquo said Neil Hunn, Roper Technologies&rsquo President and CEO. &ldquo We are grateful to Tracy Marks, TransCore&rsquo s President, and the entire TransCore team for their many contributions to Roper.&rdquo Continued Investment in TransCore TransCore has a strong management team and talented workforce, and ST Engineering is committed to invest in the team and grow the business going forward. With the global scale, networks and resources of ST Engineering, the combined business will be able to better meet demand and better serve its customers in the smart mobility sector. Details of the Acquisition The Acquisition translates to a EV2/EBITDA3 multiple of 16.2 times after accounting for tax benefits. Based on the unaudited financial statements of the TransCore business for the six (6) months ended 30 June 2021, the profit including discontinued operations that have not been disposed and before income tax and non-controlling interests is approximately US$54 million (S$72 million). The transaction is expected to close by the end of the first quarter of 2022, subject to regulatory approvals, customary closing conditions and approval from ST Engineering&rsquo s shareholders at an Extraordinary General Meeting to be convened. |
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beng1102
Elite |
03-Oct-2021 14:36
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On 28 Sep market opened a big gap down. This is abnormal and suggest that someone was acting on the information they know overnight and before it was made available to the marker.
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investshare
Supreme |
03-Oct-2021 14:29
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Does not look like a bad news to me.
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beng1102
Elite |
03-Oct-2021 14:28
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Now the news and annoncement has come. I think insiders have sold ahead of the price sensitive news before it was make available. SGX should investigate ,
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spursfan
Supreme |
03-Oct-2021 13:23
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News release - ST Engineering Accelerates Smart City Growth with Acquisition of TransCore for US$2.68b.pdf.... https://links.sgx.com/1.0.0/corporate-announcements/08QE3XBP7BVNDQ8L/685502_News%20release%20-%20ST%20Engineering%20Accelerates%20Smart%20City%20Growth%20with%20Acquisition%20of%20TransCore%20for%20US%242.68b.pdf | ||||
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PhillipTan
Supreme |
28-Sep-2021 12:01
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Buy on dips, to me anything below 3.80 is a good pick up And I sell above 4.00 Completed a few rounds already DYODD though |
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beng1102
Elite |
28-Sep-2021 09:12
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Strangely open gap down today. Is this insider who knows the bad news coming and selling ahead. This is very usually as nothing has been announced.
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PhillipTan
Supreme |
25-Sep-2021 16:34
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US awards contract for new B-52 engines to Rolls Royce, ST Engineering' s nacelle bid remainsRolls-Royce Holdings has been awarded the contract to provide new engines for the US Air Force' s fleet of B-52 bombers, beating out rivals General Electric and Pratt & Whitney.Meanwhile, ST Engineering, remains in the running to win a separate but related contract to supply the engine nacelles via its US subsidiary MRAS, which used to be owned by General Electric. " The nacelle selection has not yet been decided, and we continue to engage our stakeholders with regards to the nacelle solutions we can offer," says an ST Engineering spokesperson on Sept 25. The nacelle is to be decided by Boeing, the aircraft maker, and not Rolls Royce, the engine supplier. MRAS, Middle River Aerostructure Systems, was sold by GE to ST Engineering in 2019 for US$506 million ($683 million). MRAS was one of ST Engineering' s largest acquisitions to date and was seen as a key step to drive the company' s aerospace engineering business. Each plane has eight engines and two engines are attached to each nacelle. In a December 2019 report, defence journal Jane' s estimates that the contract value of each nacelle is US$7 million. According to the US government on Sept 24, Rolls-Royce won an initial US$501 million, six-year deal to supply 608 engines and spares for the fleet of 76 B-52s. The contract value of the engine replacement can be up to US$2.6 billion if all options are exercised. If other upgrading in areas such as new flight systems are included, US$11 billion will be spent to keep the B-52s in service till 2050. The first B-52s flew in the early 1950s. ST Engineering shares closed last Friday, Sept 24 at $3.86, down 0.26% for the day and up 0.78% year to date. |
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Ling9345
Master |
22-Sep-2021 17:09
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$4 coming soon | ||||
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actan99
Master |
17-Sep-2021 10:36
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Oh i tot its getting exposure thru this counter ST engineering, Ok ok thanks bro for clarifying.
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PhillipTan
Supreme |
17-Sep-2021 03:23
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https://www.bondsupermart.com/bsm/article-detail/temasek-subsidiary-taps-sgd-market-with-5y-senior-note-at-3-75-ipg-RCMS_200960 You can' t get it, unless you can buy shares in Temasek Holdings
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actan99
Master |
16-Sep-2021 20:22
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https://www.theedgesingapore.com/news/disruption-and-digitalisation/st-telemedia-global-data-centres-opens-first-hyperscale-data Hi, can I know where to get exposure to this , the link above ? Isit through this counter ST ENG ..... OR ??? Thanks. |
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PhillipTan
Supreme |
15-Sep-2021 00:18
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UOBKH upgrades ST Engineering to ' buy' as share price weakensUOB Kay Hian has upgraded its call on Singapore Technologies Engineering (ST Engineering) to " buy" with an unchanged S$4.25 target price, as research house believes now is an appropriate time to revisit stock given its post-results price decline.In a report on Tuesday, analyst K Ajith noted that ST Engineering' s shares have fallen 7.8 per cent as of its Monday closing price of S$3.76. This could be partly due to concerns that the group' s H2 FY2021 earnings could be weaker half-on-half, said the analyst, due to a slowdown in US airline seat capacity as well as Covid-19 vaccine hesitancy. He nonetheless remains optimistic on its stock in the medium-term in view of recently secured contracts and orders, which he thinks will lead to a gradual pick-up in aerospace earnings by mid-2022. In his report, Mr Ajith highlighted the defence and public security (DPS) business for its resilience and as an emerging growth area, as it accounted for the highest improvement in base operating earnings among other divisions in H1 FY2021. " Aside from naval contracts for the US Navy, ST Engineering is a key contractor for Singapore' s public security and is also involved in the deployment of security robotics at key infrastructure installations. Given the early and successful adoption in Singapore, we believe that ST Engineering will be able to expand such robotics solutions outside Singapore," said the analyst. He added that a further boost to earnings could also come from this segment if the group and its US defence partner, Oshkosh Defence, are selected to produce cold-weather all-terrain vehicles for the US army by Q4 of 2021 or early-2022. Mr Ajith is also expecting ST Engineering' s urban solutions and satcom segment to be boosted from a lift maintenance and monitoring solutions contract, which the group announced through its website on Monday. " While details were scarce, we take it that the contract applies to lifts at public housing (estates)," he said. In view of ST Engineering' s record orderbook of S$16.8 billion as at end-Q2 FY2021 and a 4 per cent dividend yield, the analyst concluded there is " minimal downside risk" to the stock from its current levels. Shares of the group were trading S$0.03 or 0.8 per cent higher at S$3.79 as at 10.26am on Tuesday. |
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PhillipTan
Supreme |
14-Sep-2021 04:03
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ST Engineering' s smart lift monitoring solution to be progressively installed on lifts in SingaporeSingapore Technologies Engineering (ST Engineering) says its non-intrusive AGIL Smart Lift Monitoring solution will be installed in lifts in Singapore from 2021.The installation of the solution, which will take place progressively, is one of the largest scale deployments of a smart lift monitoring solution to date. The solution enables round-the-clock remote lift status monitoring and diagnostics. It provides centralised, real-time visibility of lift operations across different manufacturer brands, models and locations to the building owner, as well as lift operators and technicians. The solution is co-developed with Henning GmbH & Co, an established lift measurement device manufacturer. " The AGIL Smart Lift Monitoring solution provides unparalleled transparency of lift performance data which will significantly change the way lifts are being maintained, delivering improved reliability, safety and productivity while alleviating the industry' s manpower issues," says Yao Shih Jih, head of smart utilities and infrastructure at ST Engineering. " The AGIL Smart Lift Monitoring solution is a great example of how our innovations are helping industries digitalise to create new value and seize new possibilities," he adds. As at 4.27pm, shares in ST Engineering are trading 4 cents lower or 1.05% down at $3.76. |
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PhillipTan
Supreme |
10-Sep-2021 22:52
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ST Engineering' s current share price weakness an opportunity to accumulateRHB Group Research analyst Shekhar Jaiswal is maintaining his " buy" call on Singapore Technologies Engineering (ST Engineering), as the group announced its contract win on Sept 2.The contract, worth $180 million, will see the consortium by ST Engineering and Siemens Mobility renewing and modernising the communications system for Singapore' s MRT and LRT lines. On this, Jaiswal has kept his target price unchanged at $4.50, representing a 19% upside to the group' s last-closed share price of $3.77 as at Sept 9. In a Sept 10 report, Jaiswal deems the group' s current share price weakness as an opportunity to accumulate more shares into the counter. This comes as he remains upbeat on ST Engineering' s earnings recovery over the next 12 months as rapid immunisation around the world will bring more businesses back to normal. The recovery will be aided by continuing improvements in ST Engineering' s commercial aerospace business, which will be supported by higher maintenance, repair and operations (MRO) work. A ramp up in passenger-to-freighter (P2F) conversions will also contribute to the group' s commercial aerospace business. Furthermore, with its latest contract win, ST Engineering has managed to sustain a strong order win momentum. " An ongoing cost rationalisation exercise should ensure [that] ST Engineering' s defensive business emerges stronger from the pandemic," adds Jaiswal. Despite a weak global business environment, ST Engineering has secured new contracts worth a total of $3.4 billion in the 1HFY2021. It reported its highest order backlog of $16.8 billion, which implies a book-to-bill ratio of 2.3 years, notes the analyst. " For 2HFY2021, ST Engineering expects to realise revenues of $3.6 billion from its outstanding orderbook which is 90% of our 2HFY2021 revenue estimate," he adds. " With roughly one-third of its revenue derived from defence and its revenue spread across multiple business segments and geographies, its business outlook remains defensive." As at 12.15pm, shares in ST Engineering are trading flat at $3.77, with an FY2021 P/B of 5.0 times and a dividend yield of 4.0%. |
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beng1102
Elite |
10-Sep-2021 19:38
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Strong buy once it crosses 3.82.
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invest8
Senior |
08-Sep-2021 20:36
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One of the better quality stocks in SGX.. waiting patiently to re-enter. 
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beng1102
Elite |
08-Sep-2021 20:27
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It is now flooring @3.77 likely good time to buy more.
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