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ST Engineering
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MrBear12
Supreme |
15-Jan-2026 16:15
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Yes. | ||||
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JurongW
Elite |
15-Jan-2026 15:33
Yells: "Earnings give weight, Chart give wings" |
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HI Bear, have been accumulating the shares since 2020 and happily collecting quarterly dividends while seeing the stock moving up over time. Do you see $11 after hitting $10?
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MrBear12
Supreme |
15-Jan-2026 09:19
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Forgotten stock
All quiet here? Jurong and company... Make some noise |
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JurongW
Elite |
05-Jan-2026 20:26
Yells: "Earnings give weight, Chart give wings" |
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Up by 30 cents today, with bullish candle stick on strong volume. On its way to $9 again. Vested. | ||||
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JurongW
Elite |
03-Jan-2026 01:01
Yells: "Earnings give weight, Chart give wings" |
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SBB today - 500,000 shares bought at 8.39 to 8.42 ($4.21 million) | ||||
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Joelton
Supreme |
31-Dec-2025 10:20
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ST Engineering expects positive H2 net profit
If approved by shareholders, FY2025&rsquo s total dividend will be S$0.23 per share
[SINGAPORE] ST Engineering : S63 +0.84%on Tuesday (Dec 30) said that it expects to report a positive net profit for the second half of 2025, after considering all the one-off effects for the half-year period.
This follows an earlier announcement on Nov 12, in which the group forecast a positive full-year net profit on the back of its strong base operating performance. At the time, it said H2 earnings were being assessed.
For the nine months ended Sep 30, ST Engineering recorded a 9 per cent year-on-year increase in revenue to S$9.1 billion, its latest business update indicated. The improvements followed robust performances across its three business segments and a strong order book.
Year-on-year top-line growth came in at 11 per cent for the commercial aerospace segment 9 per cent for the defence and public security segment and 5 per cent for the urban solutions and satcom segment.
For 9M 2025, ST Engineering recorded S$14 billion in contract wins, with its order book at S$32.6 billion as at Sep 30.
It proposed a special dividend of S$0.05 per share, amounting to S$156 million, or around a quarter of the cash proceeds from recent divestments. ST Engineering said its year-to-date divestments yielded S$594 million in total cash proceeds and S$258 million in divestment gains after tax.
These included cash proceeds of S$335 million from its divestment of its whole stake in ST Engineering LeeBoy, a US-based construction equipment manufacturer.
The company also reaped cash proceeds of S$145 million from its sale of enterprise broadband connectivity provider SPTel, its joint venture with SP Group, and another S$114 million from its unit&rsquo s sale of all its shares of taxi operator CityCab.
If approved by shareholders, the total dividend for FY2025 &ndash including a previously announced interim dividend of S$0.04 per share for Q3 &ndash will be S$0.23 per share. Under its new dividend policy announced in March and set to take effect from FY2026, ST Engineering plans to pay out a third of its year-on-year increase in net profit as incremental dividends.
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JurongW
Elite |
29-Dec-2025 14:32
Yells: "Earnings give weight, Chart give wings" |
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Article by RHB posted on 19 Dec. ST Engineering: Near-term Wins Long-term Growth Intact |
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wooncs8870
Veteran |
29-Dec-2025 13:57
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No more articles on ST Engineering, that' s why the share price has been dwindling in the past one week | ||||
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Joelton
Supreme |
14-Dec-2025 11:14
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ST Engineering&rsquo s US unit among defendants in UPS plane crash lawsuit
Lawsuit alleges negligence in maintenance checks by subsidiary VT San Antonio Aerospace
[SINGAPORE] ST Engineering&rsquo s United States subsidiary, VT San Antonio Aerospace (VT SAA), was one of several companies named in a wrongful death lawsuit on Dec 3.
The lawsuit, filed in a Kentucky court, alleged that the maintenance, repair and operations (MRO) company was negligent when maintaining the McDonnell Douglas MD-11F aircraft prior to the fatal UPS plane crash in November.
Shortly after taking off on Nov 4, the UPS cargo plane hit a storage yard and two additional buildings, including a petroleum recycling facility, preliminary investigations by the US National Transportation Safety Board (NTSB) found.
The crash killed 14 and injured 23, NTSB noted.
The lawsuit, which was filed by the family of one of the victims, also alleged negligence against shipping giant UPS and its airline subsidiary UPS Air, Boeing and General Electric.
According to court documents seen by The Business Times, VT SAA performed maintenance on the aircraft from Sep 3 to Oct 18.
The lawsuit alleged that VT SAA &ldquo owed a duty to exercise reasonable care in the maintenance, inspection and repair of aircraft&rdquo .
It further alleged that the negligence of VT SAA contributed to the left engine of the cargo plane detaching from the aircraft&rsquo s left wing.
VT SAA began operations in 2002, providing MRO services for cargo operators and commercial airlines. It is part of ST Engineering North America, formerly known as VT Systems.
NTSB said that at the time of the accident, the plane had accumulated approximately 92,992 total flight hours and 21,043 cycles.
Federal Aviation Administration records show the aircraft was 34 years old.
The preliminary investigation found that the aircraft&rsquo s left engine and pylon separated shortly after rotation.
Responding to queries from BT, an ST Engineering spokesperson said that the company will not comment on pending litigation or legal proceedings, and that it will fully cooperate with the investigating authority, NTSB, and other authorities.
&ldquo We remain deeply saddened by the unfortunate accident of the UPS aircraft, and our thoughts continue to be with those who have been impacted, especially the bereaved families,&rdquo added the spokesperson.
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Joelton
Supreme |
14-Nov-2025 10:52
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Analysts mixed on ST Engineering amid impairment from iDirect CGS International upgrades to &lsquo add&rsquo
Increasing defence contract wins of the group appeal to certain analysts
[SINGAPORE] Analysts are mixed on ST Engineering : S63 +4.7% &ndash in the wake of the non-cash impairment of S$667 million incurred by the group on its satellite communications (satcom) subsidiary iDirect.
This impairment, however, was offset by gains from the group&rsquo s divestments of LeeBoy, telco provider SPTel and CityCab of S$258 million, noted the analysts.
CGS International analysts Lim Siew Khee and Meghana Kande are optimistic, raising their call on ST Engineering to &ldquo add&rdquo from &ldquo hold&rdquo in their Thursday (Nov 13) report.
&ldquo We are positive that ST Engineering is preparing a way to explore strategic options for its loss-making iDirect, which was one of our previous key catalysts,&rdquo they wrote. The target price on the group was raised to S$9.50 from S$8.70 by Lim and Kande as well.
For the first nine months of FY2025, iDirect&rsquo s revenue was down 9 per cent year on year, and earnings before interest, taxes, depreciation and amortisation (Ebitda) were down 22 per cent on the year.
The CGS International analysts noted that the rationale for the impairment was due to the satcom unit&rsquo s deteriorating outlook, slower adoption of its Intuition platform, industry disruption, and slower-than-expected customer orders.
&ldquo ST Engineering recorded around S$50 million per annum in amortisation savings from the impairment,&rdquo they said, reiterating how there are &ldquo ongoing active discussions&rdquo on options for iDirect. &ldquo We believe it includes divestment and expect it to be finalised over the next three to six months.&rdquo
Morningstar analyst Lorraine Tan had a more muted response to the state of iDirect, while keeping her fair value estimate of ST Engineering at S$8.10.
&ldquo While the sizeable impairment charge for its satcom business is disappointing, it&rsquo s not entirely unexpected,&rdquo she wrote in her Wednesday report. &ldquo Of narrow-moat ST Engineering&rsquo s businesses, we have noted that this activity does not enjoy a moat and has struggled with market share losses since 2021.&rdquo
Considering how ST Engineering has invested in its new Intuition platform for its satcom business, Tan expects the group to retain iDirect for the foreseeable future.
She added that, given the declining market for iDirect&rsquo s solutions as its client base consolidates, it is still hard to see some positivity for the business over the longer term.
Thus, the Morningstar analyst currently forecasts stagnant revenue and continued losses to linger for the group.
&ldquo With growth in (the group&rsquo s) other core activities, iDirect&rsquo s losses are fairly small &ndash but (they are) nonetheless destroying value for the group. The hope is that the excess satellite capacity is absorbed, allowing iDirect&rsquo s clients to consider further investment,&rdquo she wrote on Wednesday.
She acknowledged that the write-down of assets in ST Engineering&rsquo s satcom business will save around S$50 million in depreciation and amortisation, which should be reflected in improving operating profit at its urban solutions and satcom segment from 2026.
The CGS International analysts believe that a full divestment of iDirect could see the urban solutions and satcom division&rsquo s Ebit margin recover to more than 5 per cent by FY2027 forward, with Ebit profit savings of more than S$89 million. This is considering the extent of iDirect&rsquo s revenue decline in the recent nine-month period.
Positive earnings growth, defence contract wins
The aerospace engineering company on Wednesday posted a 9 per cent year on year rise in revenue to S$9.1 billion for the nine months ended Sep 30. This was mainly due to strong performances across all its three business segments, said the group.
It also proposed a special dividend of S$0.05 per share to shareholders, in view of the cash proceeds from recent divestments.
Morningstar&rsquo s Tan said that this would bring the 2025 total dividend per share to S$0.23.
&ldquo This implies a 2025 dividend yield of 2.8 per cent based on our fair value estimate,&rdquo she noted. &ldquo Following its share-price rise this year, ST Engineering no longer trades at its historical dividend yield range of 4 to 5 per cent.&rdquo
She added that ST Engineering&rsquo s cumulative nine-month group revenue is in line with her estimate, and that the group continues to add to its order book, which now stands at S$32.6 billion.
&ldquo Given the decent underlying revenue performance of its other key businesses, we expect the market to shrug off the impairment charge,&rdquo Tan said.
The analysts from CGS International pointed out that with the rise in the group&rsquo s defence contract wins, up 84 per cent year on year at S$6.6 billion, international defence orders for 9M FY2025 exceeded that of FY2024.
They noted that ST Engineering is &ldquo optimistic&rdquo about potential contracts for land platform Bronco and Terrex 8x8 infantry-fighting vehicles in Italy, Finland, Austria and the Middle East in the near term.
&ldquo (The company) also said that there were strong inquiries for naval shipbuilding jobs from the Middle East, East Europe and Asia... (and that it is) also in negotiations for maintenance, repair and overhaul (MRO) work (new services) for land platforms in the Middle East,&rdquo Lim and Kande explained.
That said, Morningstar&rsquo s Tan noted that the group&rsquo s management expects the aircraft feedstock supply that is needed to boost its passenger-to-freight conversions to remain tight until 2027.
&ldquo While aircraft deliveries by Airbus and Boeing are normalising, airlines are likely to want to weigh the demand outlook before releasing their older fleet,&rdquo she said.
Demand for engine MRO activities is strong, however, and makes up for the &ldquo slower conversion activity&rdquo , Tan noted.
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Joelton
Supreme |
14-Nov-2025 10:51
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ST Engineering shares rise on revenue increase, special dividend
Its nine-month revenue is up 9% year on year at S$9.1 billion
[SINGAPORE] Shares of ST Engineering : S63 +4.7% rose on Thursday (Nov 13) after it posted a year-on-year increase in nine-month revenue.
The counter hit S$8.74 at 1.31 pm, before paring some gains to end the day at S$8.68. This was 4.7 per cent or S$0.39 higher than its closing price on Wednesday some 12.5 million shares changed hands.
ST Engineering on Wednesday evening announced a 9 per cent rise in revenue to S$9.1 billion for the nine months ended Sep 30.
The group reported increases in revenue across its three business segments. Its board has proposed a special dividend of S$0.05 per share, given cash proceeds from recent divestments.
Citi analyst Luis Hilado noted that ST Engineering&rsquo s management had indicated that there is continued momentum for its defence and public security segment, as an international pipeline in Europe, Middle East and Asia remains active.
Separately, ST Engineering announced an impairment of S$667 million for iDirect Group, its satellite communications technology subsidiary.
Hilado revised his forecasts to account for this impairment, as well as the S$50 million reduction in full-year expenses from the accelerated impairment. His target price was set at S$8.29, with a &ldquo neutral&rdquo call.
He added that, on a recurring-profit basis &ndash on which dividend payout is based &ndash the impact was &ldquo minor&rdquo , but that it was &ldquo naturally significant&rdquo on a reported-profit basis.
&ldquo The plans for a special dividend of S$0.05 (per share) on top of the S$0.18 regular dividend may help cushion the share-price reaction to the impairment,&rdquo he said.
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JurongW
Elite |
13-Nov-2025 18:56
Yells: "Earnings give weight, Chart give wings" |
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Just announced - STE bought back 500,000 shares at 8.53 - 8.68 for total $4.335 million. | ||||
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JurongW
Elite |
13-Nov-2025 16:11
Yells: "Earnings give weight, Chart give wings" |
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To add on, DBS also raised target price from 8.20 to 9.40.
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JurongW
Elite |
13-Nov-2025 16:00
Yells: "Earnings give weight, Chart give wings" |
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CGSI has raised STE target price from 8.70 to 9.50. | ||||
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MrBear12
Supreme |
13-Nov-2025 15:02
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Way to go Jurong!
Keep for retirement Your yield will be 20 per cent... All the best 🐻
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JurongW
Elite |
13-Nov-2025 14:57
Yells: "Earnings give weight, Chart give wings" |
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Hi Bear, my dividend yield is about 6.7%. I believe yours easily exceed 12%.
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MrBear12
Supreme |
13-Nov-2025 14:34
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Don't even think of it.
Hold. Think of your yield as dividend over your cost price. That shld be near 5 percent and will increase.
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MrBear12
Supreme |
13-Nov-2025 14:31
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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That is absolutely correct.
ST dividend policy reflects a growth company ... That is why it is rocketing Once it crosses 10 dollar, it will go ballistic So hang in there. With 🐻
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wooncs8870
Veteran |
13-Nov-2025 09:29
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ST Engineering, which has a policy of paying 4 cents per share per quarter, will be sticking to this amount of dividend payout for the 3QFY2025. However, for the final quarter, it plans to pay 6 cents per share. In addition, the company wants to pay a special dividend of another 5 cents, which will be partly drawn from cash proceeds of some $594 million in divestments made earlier this year. This will bring its full-year FY2025 payout to 23 cents.
ST Engineering shares closed at $8.29 on Nov 12, up 0.61%, extending a year-to-date gain of 78.28%. |
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investshare
Supreme |
13-Nov-2025 06:57
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My average was below $4.
When it goes more than $8, yield drop below 2%, I was thinking to sell and put the money in Cpf for 2.5%. Now no need to think. |
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