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(20-11-2014, 10:34 PM)LocalOptimal Wrote: Even at this price, I find it overvalued.
At current price, it's at a PE close to 20. If the next few quarters continue to report similar profit levels, PE will creep further up, and there could be more selling. Personally, I would not consider entering until it reaches sub $3 levels.
However, if you're a mid-to-long term investor of this counter, there are still many reasons not to panic:
1) Stable dividend yield. STE has been generating sufficient FCF to sustain it's 4% dividend per year. Even as it is reducing its payout going forward, this is still a good reason to hold.
2) Niche industry. Defense is always a necessity and with MINDEF taking up a significant % of its business (less than 50%) and defense budget continually increasing, it is still sustainable. Having said that, my worry is that STE is not able to keep up with the latest defense tech.
3) Backed by TH. TH also added more to their holdings in STE, as pointed out by some of you.
my concern also high PE, so that is why i decide to hold on my buying.
i did not sell as i agree on your 3 points
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21-11-2014, 08:59 AM
(This post was last modified: 21-11-2014, 09:00 AM by Temperament.)
Assets raiders can buy F&N or any other purely commercial companies but never so stupid to buy semi-G more than semi commercial companies. Having said that nothing can beat your MOS buying price. And we all have our own MOS prices. TH of course will be very kan cheong about this counter base price. No Assets Raiders are allow to roam here.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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ST Engineering shores up leadership team with new appointments
SINGAPORE (Nov 21): ST Engineering ( Financial Dashboard) has appointed several senior management executives to new positions to shore up its leadership team.
Lee Fook Sun, 58, current president of ST Electronics and president of ST Engineering's defence business, has been named deputy CEO of the Mainboard-listed company.
"In this new position, he will explore additional synergies across the group's four business sectors," ST Engineering said in a statement this morning.
Vincent Chong Sy Feng, 45, current president for strategic plans and business development at ST Aerospace, will become deputy CEO for corporate development, overseeing ST Engineering's corporate functions.
Lim Serh Ghee, 55, current chief operating officer and president of ST Aerospace's defence business, will be appointed president of ST Aerospace, a unit now overseen by ST Engineering CEO Tan Pheng Hock.
The appointments take effect from Dec 1.
...
http://www.theedgemarkets.com/en/article...pointments
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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(21-11-2014, 08:59 AM)Temperament Wrote: Assets raiders can buy F&N or any other purely commercial companies but never so stupid to buy semi-G more than semi commercial companies. Having said that nothing can beat your MOS buying price. And we all have our own MOS prices. TH of course will be very kan cheong about this counter base price. No Assets Raiders are allow to roam here.
you suggest FNN than st engineering?
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(21-11-2014, 01:42 PM)yeh Wrote: (21-11-2014, 08:59 AM)Temperament Wrote: Assets raiders can buy F&N or any other purely commercial companies but never so stupid to buy semi-G more than semi commercial companies. Having said that nothing can beat your MOS buying price. And we all have our own MOS prices. TH of course will be very kan cheong about this counter base price. No Assets Raiders are allow to roam here.
you suggest FNN than st engineering? Sorry for confusing you. My England is poor. No Asset Raiders are stupid enough to try to raid G's backing companies which support the Nation survivability. Maybe a Nation's currency can be attacked like what G. SORO did and made tons of money.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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(21-11-2014, 02:33 PM)Temperament Wrote: (21-11-2014, 01:42 PM)yeh Wrote: (21-11-2014, 08:59 AM)Temperament Wrote: Assets raiders can buy F&N or any other purely commercial companies but never so stupid to buy semi-G more than semi commercial companies. Having said that nothing can beat your MOS buying price. And we all have our own MOS prices. TH of course will be very kan cheong about this counter base price. No Assets Raiders are allow to roam here.
you suggest FNN than st engineering? Sorry for confusing you. My England is poor. No Asset Raiders are stupid enough to try to raid G's backing companies which support the Nation survivability. Maybe a Nation's currency can be attacked like what G. SORO did and made tons of money.
do not understand leh
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It is a rare case in Singapore, especially so among top managements of GLCs.
(not vested, and surprised by the news)
Three former ST Engineering staff face criminal proceedings
SINGAPORE (Dec 11): Three former employees of ST Engineering's marine arm have been charged in court for alleged corruption.
Chang Cheow Teck, Mok Kim Whang and Ong Tek Liam were charged in the State Courts of Singapore today under the provisions of the Prevention of Corruption Act and the Penal Code, the company said in a statement.
Chang was president of ST Marine from March 2008 to April 2010, and president of ST Aerospace from May 2010 to June 2014. He faces three charges.
Mok, senior vice president of ST Marine from June 2000 to July 2004, faces one charge, while Ong has a total of 118 charges filed against her. She was the group financial controller and senior vice president of finance at ST Marine from April 2007 to December 2012.
All three were investigated by the Corrupt Practices Investigation Bureau in 2011.
The charges are not expected to affect ST Engineering's 2014 results, according to the company.
http://www.theedgemarkets.com/sg/article...roceedings
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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(11-12-2014, 11:21 AM)CityFarmer Wrote: It is a rare case in Singapore, especially so among top managements of GLCs.
I think the question is whether is the corruption to benefit themselves or to secure businesses. ST is blacklisted in India for alleged but so far unproven corruption charges in their howitzer tender. Nothing ever heard about allegations for the marine business.
Vested, 1 lot only.
You can count on the greed of man for the next recession to happen.
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world of arms dealing is very shady business not selling cars or bread toasters. I read somewhere it takes long time years to build rapport and trust before sales can start flowing, everybody wants to supply an army, defense budget is in the millions or billions but why should the defense minister or general recommend your wares to their government? What's in it for them? Get it right boom town charley just supply supply only and pray every week they have some live firing exercise.
whole india damn corrupt I think this to do with payoffs, 4b howitzer tender fat piece of meat everybody wants so maybe they start a bidding war see who pays and blanja and sex the most singapore side dunno what happen maybe too clean and unwise in the ways of the world or don't want to play the game. Court case and ban could be a way of saying - get lost.
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11-12-2014, 04:49 PM
(This post was last modified: 11-12-2014, 04:51 PM by LionFlyer.)
Ok, we have part of the answer. Its bribes to get contracts overseas.
http://www.reuters.com/article/2014/12/1...TL20141211
Quote:...According to the charge sheets, Chang and Mok allegedly paid bribes to agents of companies including Hyundai Engineering and Construction Ltd to win contracts. Ong was charged with falsifying ST Marine's accounts...
You can count on the greed of man for the next recession to happen.
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