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ST Engineering
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ST Engg
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Starship
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25-Apr-2019 17:26
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Big customers just keep streaming in on their own like magic .............................. ![]() ![]() LTA awards S$64m contract to ST Engineering, Alexander Dennis for three-door buses THU, APR 25, 2019 - 11:15 AM SINGAPORE&rsquo S Land Transport Authority (LTA) will procure a total of 100 three-door double-deck buses for about S$64 million from Alexander Dennis (Singapore) Services and Singapore Technologies Engineering&rsquo s (ST Engineering) land systems arm. ST Engineering Land Systems will supply 50 of the buses for about S$30 million, while the Singapore division of British bus supplier Alexander Dennis will provide the other 50 for S$34 million, LTA said on Thursday in a media release. LTA called the tender in May last year, after getting encouraging results from its trial of three-door buses which spanned March 2017 to January 2018 and involved Tower Transit and SMRT Buses. &ldquo Commuters generally welcomed the additional door on these buses as it made boarding and alighting smoother and quicker,&rdquo LTA said in the Thursday media release. It awarded the contracts to the two tenderers after evaluating all bids based on criteria including price, tenderers&rsquo experience, track record, technical capabilities and compliance with local regulations. Both companies are LTA&rsquo s existing bus suppliers. Alexander Dennis accounts for about 4 per cent of LTA&rsquo s public fleet, while ST Engineering Land Systems has some 23 per cent. The 100 buses will arrive in Singapore in batches and be deployed on the road starting from 2020. https://www.businesstimes.com.sg/transport/lta-awards-s64m-contract-to-st-engineering-alexander-dennis-for-three-door-buses   |
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killerwave
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25-Apr-2019 12:32
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It certainly will break $4. 
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puppey
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25-Apr-2019 10:51
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looking good to break $4 in coming weeks.. long term holders ,sit back and enjoy the profits ...
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MichaelSchenker
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24-Apr-2019 18:41
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Today surge to 3.90 just before the bell, with high volume buying up. A good sign that it is heading towards 4.00, maybe 4.10 Some big hands are obviously buying up
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Starship
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24-Apr-2019 17:42
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Today' s volume double yesterday' s.  STE must have drowned all the shortists today............... ![]()
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Starship
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24-Apr-2019 15:04
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With it' s eternally rich super sponsor, this STE will never ever go hungry................. ![]()
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MichaelSchenker
Master |
24-Apr-2019 14:48
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If it not because of the Marine and Land System sectors for the past few years, this counter would have easily been 4.50 to 5.00 now..but this is just my personal opinion. Also to be cautious that if it runs up too high too soon, expect a correction.  
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rainbowman
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24-Apr-2019 13:44
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latest contract signal turn around of the weakest division, marine, catalyst for more upside..
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puppey
Veteran |
24-Apr-2019 13:07
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free dividends for all long term supporters, hope no one panic sell ..this is definitely a $4 counter. should be heading there this year..:)
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puppey
Veteran |
24-Apr-2019 11:12
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short weak stocks that chiong suddenly. dont short good fundamental stocks when it is on uptrend. thats my take ,maybe wrong dyodd
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killerwave
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24-Apr-2019 11:08
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The price has risen from 3.830 to 3.860 one hour after I said it will keep going higher and higher. Yes, good luck to all those who always advocate shorting good stocks.
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Starship
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24-Apr-2019 11:03
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All companies should emulate STE by announcing rosy news 1 day after XD to catch all evil shortists with their pants down................... ![]() ![]()  
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puppey
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24-Apr-2019 10:55
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long term holders not selling and may add more ..fat dividend and more capital gain ahead..:)
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puppey
Veteran |
24-Apr-2019 10:43
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this counter is the man, just buy and buy if cash rich. buy and hold earns more then intraday trade..going back to 3.90 :) |
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Starship
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24-Apr-2019 10:18
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ST Engineering Secures up to S$2.6b Polar Security Cutter contract from the U.S. Navy Singapore, 24 April 2019 &ndash Singapore Technologies Engineering Ltd (ST Engineering), a global technology, defence and engineering group today announced that the U.S. Department of the Navy has awarded VT Halter Marine, its shipbuilding business in Pascagoula, Mississippi, the Polar Security Cutter (formerly known as the Heavy Polar Ice Breaker) contract. The U.S. Department of the Navy has awarded VT Halter Marine as the Prime Contractor for a US$745,940,860 (about S$1b) fixed-price incentive-firm contract for the detail design and construction of the U.S. Coast Guard (USCG) Polar Security Cutter (PSC). The PSC contract is a multi-year programme and a USCG major system acquisition to acquire up to three multimission PSCs to recapitalise the USCG fleet of heavy icebreakers. This contract includes options which, if exercised, would bring the cumulative value of this contract to US$1,942,812,266 (S$2.6b). The first ship delivery is scheduled to occur in 2024. If the options are exercised, the second and third vessels are expected to be delivered in 2025 and 2027 respectively. The vessels are 460 feet in length with a beam of 88 feet overall, a full load displacement of about 33,000 long tons at delivery. VT Halter Marine was involved in the design analysis study of the PSC since February 2017 and is currently in the production engineering studies support work since February 2019. https://links.sgx.com/FileOpen/ST%20Engineering%20Secures%20PSC%20Contract%20from%20US%20Navy.ashx?App=Announcement& FileID=555432 |
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MtFaber
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24-Apr-2019 10:09
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ST Engineering Secures up to S$2.6b Polar Security Cutter contract from the U.S. Navy | ||||
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killerwave
Member |
24-Apr-2019 09:57
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This stock is good for long term investment. It is now already 3.830. And it will keep going higher and higher. I am glad I added it into my portfolio yesterday after it dropped for the dividend play.
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MichaelSchenker
Master |
24-Apr-2019 09:23
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3.80 high today, looking good. Looks like the upward pressure is still there. Holders should also revise their Sell TP
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MichaelSchenker
Master |
23-Apr-2019 16:04
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Before you dabble in the stock market, it is very important to note some of the basic expected trends of the market. This one must know. Eg: Someone buy 3.85 cd and sell 3.76 xd, he would have made 1 cent profit (exclude brokerage for simplicity) This is because this person pay 3.85 but was given a 10 cent dividend, effectively, his cost would be 3.75. That is why if he sell 3.76, he would have made 1 cent. This scenario also answer your question if a Seller sell at 3.76 xd rather than sell at 3.85 cd, he would get a better deal if he sell 3.76 (because he will collect 10 cents dividend) Hope you are clear, but be warned that the stock market is not always straightforward nor predictable. Good Luck  
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bishan22
Supreme |
23-Apr-2019 14:24
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Despite ex d.. it's still too high to enter...bb can any time throw a cold towel to you... | ||||
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