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ST Engineering
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ST Engg
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behonest
Senior |
28-Feb-2025 13:58
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It really don' t mean anything  I feel for st engineering investor. All these counter party no use if you buy , they sell also
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leroy55
Veteran |
28-Feb-2025 13:25
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Today counter party buyer is JP Morgan, UBS, Merlyn Lynch, Citi and HSBC
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Joelton
Supreme |
28-Feb-2025 11:13
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ST Engineering H2 profit rises 19.6% to S$365.7 million
The group&rsquo s revenue rises 9.9% to S$5.8 billion from S$5.2 billion
 
ST ENGINEERING : S63 +3.75%on Thursday (Feb 27) reported a net profit of S$365.7 million for the second half ended Dec 31, up 19.6 per cent from S$305.9 million in the previous corresponding period
 
The defence and engineering group&rsquo s revenue rose 9.9 per cent to S$5.8 billion from S$5.2 billion. This was mainly driven by the defence and public security, as well as commercial aerospace segments.
 
Defence and public security revenue grew 20 per cent to S$2.6 billion from S$2.1 billion, on the back of higher contributions from all sub-segments. Commercial aerospace revenue rose 5 per cent to S$2.2 billion from S$2.1 billion. Meanwhile, revenue from the urban solutions and satellite communications (satcom) business was flat at S$1.04 billion, mainly due to margin mix.
 
Group earnings before interest and tax grew 17.7 per cent to S$553.5 million from S$470.5 million, driven by the defence and public security, as well as commercial aerospace segments. This was partially offset by the urban solutions and satcom segment.
 
ST Engineering&rsquo s board proposed a final dividend of S$0.05 per share, up from S$0.04 per share in the previous year. The dividend will be paid on May 15, following the record date of Apr 30. This brings the group&rsquo s dividend for the full year to S$0.17 per share, slightly higher than S$0.16 per share in FY2023.
 
For the full year, net profit rose 19.7 per cent to S$702.3 million from S$586.5 million as revenue climbed 11.6 per cent to S$11.3 billion from S$10.1 billion, the highest recorded. Earnings per share rose 19.7 per cent to S$0.2253 from S$0.1882 in FY2023. Net asset value per share was S$0.8574 as at end-December, slightly higher than S$0.7896 as at end-2023.
 
Group president and chief executive officer Vincent Chong said that the strong results in 2024 came &ldquo despite an uncertain and challenging environment&rdquo . He added: &ldquo We have a robust order book and a competitive market position which will underpin our continuing revenue growth and performance.&rdquo
 
As at end-2024, ST Engineering&rsquo s order book stood at S$28.5 billion. The group expects to deliver about S$8.8 billion from its order book in 2025.
 
Transcore has secured its first tolling solution contract in South-east Asia, but ST Engineering said that it is not at liberty to discuss contractual details at this point. &ldquo We have been talking about our cross-selling and synergies from this very big acquisition. We are heartened that this tolling contract win is extensive. It will cover numerous expressways and lanes,&rdquo said Cedric Foo, group chief financial officer of ST Engineering.
 
The tariff situation in the US is currently unclear, but ST Engineering sources mainly from suppliers in the US for its commercial aerospace business there. But these suppliers may be affected by the supply chain coming from outside the US, with the eventual situation subject to the final tariff policy.
 
ST Engineering is still facing near-term shortages in aircraft in converting passenger-to-freighter (P2F) work. The company is reallocating capacity and resources to tap stronger airframe maintenance, repair and overhaul work.
 
The Airbus A330, A321 and A320 P2F programmes are now an integral part of the business and have matured and stabilised over the years. Now with higher total commercial aerospace revenue compared to pre-Covid levels, ST Engineering will no longer single out P2F targets. &ldquo That said, it remains a valuable contributor to the segment&rsquo s revenue and profitability,&rdquo added Chong.
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dontbetray
Master |
28-Feb-2025 10:36
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Anyone know who you sell your shares to ?   let us know the counter party.  so that I can enter again if fund house is buying 
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go_long
Senior |
28-Feb-2025 10:32
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So strong today. Anyone take profit? | ||||
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wooncs8870
Veteran |
27-Feb-2025 13:49
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ST Engineering giving out 5 cents dividend for this quarter and all in the total dividend is 17 cents, From next quarter onwards, the likely hood is ST Engineering might continue to give out 5 cents per quarter, making whole year dividend to hit 20 cents, which all investors are looking forward to. Hopefully, ST Engineering continue to prosper and reward handsomely.
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Joelton
Supreme |
27-Feb-2025 10:55
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ST Engineering FY2024 earnings up 19.7% y-o-y ups final dividend to 5 cents
Singapore Technologies Engineering has reported earnings of $702.3 million for its FY2024, up 19.7%. Revenue in the same period was up 11.6% to $11.3 billion, with contribution across its three main business segments.
 
In line with the higher earnings, the company plans to pay a higher final dividend of 5 cents per share for 4QFY2024, up from the usual 4 cents per quarter. This brings its full-year payout to 17 cents, up from 16 cents.
 
In 2024, the company won $12.6 billion in new orders, including $4.3 billion secured in the most recent 4QFY2024. This brings its total order book to $28.5 billion with $8.8 billion of it to be delivered this current FY2025.
 
&ldquo We delivered a very strong set of results in 2024 despite an uncertain and challenging environment," says group CEO Vincent Chong. 
 
" We are confident that our strong fundamentals will continue to position us well, even as we confront a fast-changing landscape.
 
" We have a robust order book and a competitive market position which will underpin our continuing revenue growth and performance," he adds.
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MrBear12
Supreme |
27-Feb-2025 07:30
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Halleluyah! Been waiting for this increase for such a long time... ...
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cmengchan
Senior |
27-Feb-2025 06:27
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Qtrly dividend up from 4c to 5c. That's 25% increase. | ||||
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MrBear12
Supreme |
27-Feb-2025 05:01
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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I'm too excited. Wake up way before 5am ... An increase in dividends perhaps? | ||||
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MrBear12
Supreme |
26-Feb-2025 21:38
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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And STEng bagging more contracts and grabbing the limelight. This stock is a must on most portfolios. Hold
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dontbetray
Master |
26-Feb-2025 21:30
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Maybe bcz these few days don' t see any sell on signs
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MrBear12
Supreme |
26-Feb-2025 21:29
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Tmr will spring a pleasant surprise for us
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dontbetray
Master |
26-Feb-2025 21:13
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Not yet approve. They want appeal trump decision. Although trump decision is meant well for people , don' t need to pay toll
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Joelton
Supreme |
25-Feb-2025 13:11
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Trump U-turn on NYC&rsquo s congestion pricing programme could dampen ST Engineering sentiment, but limited impact expected
The group&rsquo s subsidiary in the US, TransCore, runs the contract
 
THE Trump administration reversed federal approval for New York City&rsquo s congestion pricing programme on Feb 19. Even though ST Engineering&rsquo s subsidiary in the US, TransCore, runs the contract, analysts are forecasting just a slight dampening of investor sentiment with minimal direct impact on the stock.
 
DBS Group Research noted that TransCore has already completed the engineering, procurement and construction phase of its contract with the Metropolitan Transportation Authority (MTA).
 
Hence, it does not anticipate a significant financial impact on the technology and engineering group, even though this development &ldquo could slightly dampen investor sentiment&rdquo towards the group.
 
The research house added that despite the operations and maintenance portion accounting for 60 to 70 per cent of the total contract value, it represents only 2 to 3 per cent of revenue for the urban solutions and services segment, and constitutes less than 1 per cent of the group&rsquo s revenue.
 
Lorraine Tan, director of equity research at Morningstar, similarly expects minimal direct impact on ST Engineering, explaining that the group has already been paid for the contract to set up the system.
 
In 2021, ST Engineering announced that it was buying TransCore. The US transportation company had been contracted to deliver a congestion pricing project that will levy a fee on drivers entering the busiest parts of Manhattan, New York &ndash the first such project in the US.
 
In the group&rsquo s earnings call for the third quarter last November, chief financial officer Cedric Foo disclosed that TransCore was awarded an order worth US$1.7 billion to develop and maintain the back office system, as well as operate customer service centres for various toll highways and bridge agencies in New Jersey.
 
However, ST Engineering did not include this order win in its latest order book as the incumbent vendor had lodged a protest against the award.
 
DBS Group Research said: &ldquo The street has likely not priced in significant new congestion pricing contract wins for TransCore in the US, given the lack of visibility and the political backlash leading up to the programme&rsquo s launch.&rdquo
 
New York City&rsquo s congestion pricing programme began operating just last month. The toll began on Jan 5, with drivers entering parts of Manhattan charged US$9 during peak hours.
 
The West Side Highway and the Franklin D Roosevelt East River Drive are exempt from the charge, but motorists will pay the fee if they leave those highways and enter the district south of 60th Street.
 
The programme is expected to raise US$15 billion to the MTA, the agency that runs New York City&rsquo s century-old subway and commuter-rail lines, for desperately needed upgrades. Such upgrades include modernising subway signals from the 1930s and making more stations accessible.
 
Following the federal government&rsquo s decision on Feb 19, the MTA filed a lawsuit on the same day, claiming that efforts to halt the programme are illegal and sought a judicial order to declare them &ldquo null and void&rdquo , Bloomberg reported.
 
New York Governor Kathy Hochul affirmed that the congestion pricing programme remains in place during the legal proceedings.
 
Analysts pointed out that the federal revocation introduces uncertainty regarding the future of congestion pricing initiatives, possibly deterring other municipalities from rolling out similar systems.
 
Paul Chew, head of research at brokerage Phillip Securities, said: &ldquo Subject to legal challenges, any cancellation will be negative in the near term in terms of pursuing new congestion pricing projects in the US.&rdquo
 
However, he affirmed that &ldquo Transcore still captures operations and maintenance revenue from this project, albeit a small contribution&rdquo .
 
DBS Group Research further pointed out that the likelihood of the Trump administration terminating the programme remains unclear, citing &ldquo little legal precedent for the federal government unilaterally revoking approval for a programme of this scale&rdquo .
 
It added that legal proceedings will be critical in determining the programme&rsquo s long-term viability, as well as the prospects for similar initiatives in other US cities.
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behonest
Senior |
21-Feb-2025 22:51
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EDGE & ST Engineering Propel UAE&rsquo s SAR Satellite Ambitions 
EDGE and ST Engineering partner to accelerate UAE&rsquo s sovereign SAR satellite capabilities, advancing the Sirb Programme and strengthening national space leadership. ![]() As prime contractor for the UAE Space Agency&rsquo s prestigious Sirb Programme, EDGE Group has partnered with ST Engineering, a global technology, defence, and engineering group, to accelerate the development of the UAE&rsquo s sovereign synthetic aperture radar (SAR) satellite capabilities. A Letter of Intent (LOI) was signed by Waleid Al Mesmari, President, Space and Cyber Technologies Cluster, EDGE and Low Jin Phang, President, Digital Systems, ST Engineering in the presence of His Excellency Eng. Salem Butti Salem Al Qubaisi, Director-General of the UAE Space Agency, His Excellency Eng. Mohammed Nasser Al Ahbabi, Senior Advisor, EDGE, Hamad Al Marar, Managing Director and Chief Executive Officer, EDGE, and Ravinder Singh, Chairman, ST Engineering. The signing formalised the parties&rsquo collaboration to advance the Sirb Programme &ndash a national initiative led by the UAE Space Agency aimed at significantly enhancing the UAE&rsquo s Radar Earth Observation capabilities. This milestone marks an important step forward in strengthening innovation and technological leadership in the sector.
Under this partnership, ST Engineering work closely with EDGE to deliver a single-polarisation SAR satellite and ground segment, along with the transfer of technical expertise for the SAR payload. This partnership reflects the shared commitment of both ST Engineering and EDGE Group to advancing the UAE&rsquo s leadership in high resolution satellite imaging, autonomous space systems, and sovereign satellite development. Attendees of IDEX 2025 can visit EDGE and its portfolio of companies at indoor stand C20 in Hall 5 and outdoor stand CP-270 at the Abu Dhabi National Exhibition Centre until 21 February 2025. |
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behonest
Senior |
20-Feb-2025 08:18
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Halting New York City' s congestion pricing program could have significant effects on smart city initiatives, both in NYC and globally. Here&rsquo s how: 1. Slower Adoption of Smart Traffic ManagementSmart cities rely on congestion pricing to manage traffic flow, reduce emissions, and improve public transportation. If NYC&rsquo s program is blocked, other cities considering similar policies (like Los Angeles, San Francisco, and London-style tolls) may hesitate to implement them, fearing legal or political pushback. 2. Funding Challenges for Smart InfrastructureCongestion pricing generates revenue for improving public transit, upgrading road infrastructure, and implementing smart technologies like AI-driven traffic lights and real-time monitoring. Without this funding, cities may struggle to invest in these technologies, slowing down modernization efforts. 3. Increased Traffic and PollutionSmart cities aim to reduce congestion and emissions through data-driven solutions. If congestion pricing is removed, traffic in Manhattan (and potentially other cities with similar plans) could increase, leading to more pollution, slower travel times, and a negative impact on urban sustainability efforts. 4. Legal and Political UncertaintyIf the federal government can revoke an already approved congestion pricing plan, it sets a precedent that could discourage cities from adopting similar initiatives. Smart city policies may become more politically contested, delaying progress in urban innovation. 5. Shift Toward Alternative SolutionsWithout congestion pricing, cities may look for alternative ways to manage congestion, such as:
ConclusionIf the legal challenge fails and congestion pricing is permanently halted, smart city initiatives that rely on tolling as a traffic control and revenue tool may face setbacks. However, cities committed to modernization may seek alternative strategies to achieve similar goals.  
 
If Trump halts New York City&rsquo s congestion pricing, it could impact  ST Engineering&rsquo s Smart City  solutions, particularly in areas like traffic management, urban mobility, and intelligent transportation systems. Here&rsquo s how: 1. Impact on Smart Traffic SolutionsST Engineering provides  AI-driven traffic management systems, including adaptive traffic lights and congestion monitoring. NYC&rsquo s congestion pricing was a key initiative using such technologies. If it&rsquo s canceled, there may be  less demand for traffic optimization solutions  in NYC and other cities that were considering similar projects. 2. Reduced Investment in Smart MobilityCongestion pricing was set to fund  public transit upgrades, including modernizing subway signals and improving accessibility&mdash areas where ST Engineering&rsquo s solutions, such as  integrated transport management and fare collection systems, could have played a role. With funding now uncertain, investments in these technologies may slow down. 3. Influence on Global Smart City ProjectsNYC&rsquo s congestion pricing was seen as a model for other cities. If it gets blocked, it might discourage other urban centers from adopting  ST Engineering&rsquo s congestion management and road pricing solutions. However, cities already investing in smart urban planning&mdash like  Singapore, London, and Dubai&mdash will likely continue pushing forward. 4. Opportunities in Alternative SolutionsIf congestion pricing is halted, NYC and other cities may look for alternative ways to manage congestion, such as:
ConclusionWhile a halt to congestion pricing could reduce immediate opportunities for ST Engineering in NYC, demand for smart mobility solutions remains strong globally. ST Engineering may need to  adapt its offerings  toward alternative traffic management solutions as cities explore new ways to improve urban mobility without congestion tolls. Would you like insights on ST Engineering&rsquo s specific projects in NYC or other smart city initiatives?
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behonest
Senior |
20-Feb-2025 08:14
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TRUMP SIGNED agreement to stop toll charges in New York.   Expect a sell down | ||||
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leroy55
Veteran |
19-Feb-2025 16:10
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ST Engineering  :  S63  -0.78%  could also gain from the increased emphasis on value-added manufacturing, said Maybank. 
 
 
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MrBear12
Supreme |
19-Feb-2025 16:05
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Sleepy... ... But thanks for the update Will take note
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