ST Engineering

[BlueKelah]

China is pushing all of us in asean around. They have nuclear sub capability so unless we go nuclear sub really better to be their friend than try to fight them. Other option is ally with usa loh

Boom a nuclear to Philippines they also cant do much.

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[sgd]

China is pushing all of us in asean around. They have nuclear sub capability so unless we go nuclear sub really better to be their friend than try to fight them. Other option is ally with usa loh

Boom a nuclear to Philippines they also cant do much.

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My take is China is doing all these "defensively" because of washington policy of "Pivoting Asia" is really a policy of containment of china. But America doesn't do it openly it always uses proxies.

If you try to imagine china in the center and countries surrounding it like vietnam, cambodia, phillippines, south korea, thailand, australia, indonesia, malaysia, singapore japan, taiwan all have close links with america now in some form and all these countries are in a pace of rapid modernization of their military and navies so this region is definitely in a big arms race that nobody wants to openly talk about.

And just last week it was reported in Straits times US and India are now having discussion about anti-submarine warfare in the indian ocean. So china is virtually 'surrounded' so that's why they adopt an aggressive posture, going after phillippine vietnam, japan also as a way to probe their responses.

If you see china build up in spratly islands and it is a military build up that's their "buffer zone of engagement" why? You look at the interactive chart that south china sea it's a beehive of commercial shipping activity a conflict erupting there will have a huge impact to the financial system and everybody's economy in that region and nobody wants that so nobody will risk anything as all will suffer heavily so that's why it's the best place to have defensive buffer zone. As long as nothing happens fine but anybody tries anything funny they will overturn the place. My guess and my opnion is any conflict will first take place there long before it reaches the chinese mainland.

[touzi]

http://www.todayonline.com/singapore/st-...at-vehicle

According to the GAO, this is the first phase of a two-step procurement for the development of the Marine Corps’ amphibious combat vehicle. The total value of the contract with all options exercised is approximately US$1.2 billion, it said. 

Not sure what is ST share of the contract value. Whatever the case, beating General Dynamics in US and with a higher bid to boot is quite a feat. The Terrex is really in demand these days .

[corydorus]

Quite Amaze with the design from the picture from the "Back door".

https://www.marinecorpstimes.com/story/m.../77380728/

[BlueKelah]

Given trump plans to boost the us military, I am actually feeling very bullish on st engineering for next five years.

However need to wait for a big market dip to buy in.

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[touzi]

The same partner and same competitors:

https://breakingdefense.com/2017/10/heav...-bae-gdls/

[cyclone]

ST Engineering's Aerospace Sector Secures New Contracts Worth about S$510m in 2Q2018

Singapore Technologies Engineering Ltd (ST Engineering) today announced that its Aerospace sector secured new contracts worth about S$510m in the second quarter (2Q) of 2018 for services ranging from heavy maintenance to engine wash and aircraft interior reconfiguration.

More details in http://infopub.sgx.com/FileOpen/Aerospac...eID=516432

[cyclone]

ST Engineering’s Electronics Arm Drives International Growth with S$764m Contract Wins in 2Q2018

ST Engineering today announced that its electronics arm secured S$764m worth of contracts in the second quarter (2Q) of 2018. These were driven by Smart City solutions in mobility, satellite communications, Internet of Things (IoT), public safety & security and cybersecurity, as well as defence solutions. 

More details in http://infopub.sgx.com/FileOpen/20180720...20with%20S$764m%20Contract%20Wins%20in%202Q2018%20%20.ashx?App=Announcement&FileID=517050

[cyclone]

ST Engineering to Acquire Nacelle Manufacturer for Aggregate Purchase Consideration of US$630m

Singapore Technologies Engineering Ltd (ST Engineering) today announced that the Group’s US subsidiary, Vision Technologies Aerospace Incorporated (VT Aerospace), has entered into a conditional share purchase agreement to acquire a 100% ownership in MRA Systems, LLC (MRAS) from General Electric Company.  The aggregate purchase consideration for the Proposed Acquisition is US$630m (approximately S$868m) on a cash-free and debtfree basis, subject to closing adjustments for underfunded pension obligations, other debt-like items, transaction expenses, net working capital and other contingent adjustments. 

MRAS – established nacelle manufacturer
With 90 years of history in the aviation industry, MRAS is an established Original Equipment Manufacturer (OEM) of engine nacelle systems for both narrowbody and widebody aircraft. Based in Baltimore, Maryland, USA with approximately 800 employees, MRAS has two principal business lines:
(1) design, development, production and sale of nacelles, thrust reversers and aerostructures, and
(2) spare parts sales.

Proposed acquisition is earnings accretive
The Proposed Acquisition is expected to be earnings accretive for the Group and its Aerospace sector. With the production rate for the A320neo reported to increase from the current 55 to 63 units per month by mid-2019, the production ramp-up is expected to improve productivity and drive future revenue and earnings growth for MRAS.

More details in :
1. http://infopub.sgx.com/FileOpen/SGX%20An...eID=525077
2. http://infopub.sgx.com/FileOpen/ST%20Eng...eID=525078
3. http://infopub.sgx.com/FileOpen/Presenta...eID=525076

[Contrarian]

Very resilient... potential to become growth stock again?