23-02-2012, 05:39 PM,
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KopiKat
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RE: ST Engineering
(23-02-2012, 08:16 AM)KopiKat Wrote: STEng FY11 results will be out today. Just for fun, I'm guessing the 2H11 Dividend to be slightly higher than 11.55ct (2H10), using the EPS of 1st 3Q and last 2 years' payout ratio of ~90%. My 'crystal ball' predicts a range of 11.73ct to 12.28ct. 
Results are out.
http://info.sgx.com/webcoranncatth.nsf/V..._FINAL.pdf
http://info.sgx.com/webcoranncatth.nsf/V...FY2011.pdf
Slightly better than what I was expecting.
Div = 12.5ct (1.8% above my upper limit of 12.28ct)
Payout Ratio is ~90%, same as the past 2 years.
Hmm... My 'Crystal Ball' needs some fine tuning, but I'm happy that it erred on the conservative side.
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18-04-2012, 12:39 PM,
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brattzz
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RE: ST Engineering
yes!
but i think 3.30 not sustainable... after XD should be 2.9X+..
we will see..
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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18-04-2012, 05:54 PM,
(This post was last modified: 18-04-2012, 06:00 PM by KopiKat.)
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KopiKat
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RE: ST Engineering
(18-04-2012, 12:39 PM)brattzz Wrote: yes! 
but i think 3.30 not sustainable... after XD should be 2.9X+..
we will see..

Some possible justifications for not selling,
- EPS had been growing since FY09 at 9.7% and 6.6% and expected to be better for FY12
- Current PE = ~19 is still low compared to 20-21 for FY09 and FY10. Can easily be $3.5x if so. It used to be higher at PE = 24 for FY05 to FY07.
- Continued strong order books with big new orders won for this year provides some degree of biz certainty (assuming majority don't get cancelled)
Still, I chose to sell most of mine, starting this AM @ $3.26, Noon @ $3.30 and Close @ $3.29. Reasons - I need the cash to switch to another of lower PE and higher Yield (STEng = 4.7% @ $3.29).
PS. Don't flame me for using such simplistic factors like PE & Yield for my Buy/Sell decision as I'm only a newbie..
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18-04-2012, 06:52 PM,
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Some-one
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RE: ST Engineering
I think this is a good company. I only do not like the dividend yield which I thought it's pretty low. My idea of good dividend yield is above 5%.
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