ST Engineering

[cyclone]

ST Engineering Secures Contracts Worth $1.8b for 3Q2019
* Contracts by the Aerospace sector worth about $1.0b
* Contracts by the Electronics sector worth about $833m

Singapore Technologies Engineering Ltd (ST Engineering) today announced that its Aerospace and Electronics sectors have secured new contracts with a combined value of about $1.8b for the third quarter (3Q) of 2019.

More details in https://links.sgx.com/FileOpen/ST%20Engi...20Worth%20$1.8b%20in%203Q2019.ashx?App=Announcement&FileID=582429

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29 Apr 2020 Issues US$750,000,000 1.50% Notes Due 2025 
Plan to be listed in SGX
(click for news release)

Stay home and stay healthy, buddies

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15 May 2020 Materials to be presented at 2:30pm today at STEngg eAGM

(click to read Vincent's ppt)

Other than ppt, there are also 21 Q&A and also a market update
(click to read Q&A)
(click for market update ppt)

Let me summaries for busy valuebuddies:
1. Essential servives aka sustainable businesses
2. But is not imumune to reduction in customer demand, supply chain and workforce disruptions
3. Dip into debt to acquired Newtec(iDirect Europe) and Glowlink to provide satcom-enabled 5G apps
4. Extract dividend Q&A as it's rather interesting for valuebuddies chasing for dividend:
Q19. Will shareholders be expecting a lower dividend payout over the next financial year?
Ans: The Group has a record of steady and consistent payout. For the past seven years, the Group has been consistently paying out 15 cents per share. The Group has a strong balance sheet to sustain long-term growth, the Group will want to continue rewarding its shareholders by creating long-term shareholders’ value.

Stay Home and Stay Healthy, everyone.

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7 June 2020 Ransomware ST Engineering U.S. Subsidiary VT San Antonio Aerospace, Inc
https://links.sgx.com/FileOpen/20200607_...eID=616714
Threat is contained - disconnected affected systems from network, engage forensic advisors and notified authorities.

Business and operations not compromised.
Post-incident review to ensure data and systems remain safe and secure, deploying intrusion prevention/detection system and restor affected systems.
Further hardening of overall cybersecurity archtecture.

Stay home and stay safe, valuebuddies.
7 June 2020 Ransomware ST Engineering U.S. Subsidiary VT San Antonio Aerospace, Inc https://links.sgx.com/FileOpen/20200607_...eID=616714 

1. Threat is contained - disconnected affected systems from network, engage forensic advisors and notified authorities. 
2. Business and operations not compromised. 
3. Post-incident review to ensure data and systems remain safe and secure, deploying intrusion prevention/detection system and restore affected systems. 
4. Further hardening of overall cybersecurity architecture.  

Stay home and stay safe, valuebuddies.

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Singapore Technologies Engineering Ltd will be releasing its financial results for the half year ended 30 June 2020 (1H2020) on 14 August 2020, before Singapore trading market opens. The results briefing will be held via webcast on the same day at 11.00am, Singapore time (GMT +8). 
To participate in the webcast, please register at the following address: https://zoom.us/webinar/register/WN_uda3...btaHp4Ec_Q
https://links.sgx.com/1.0.0/corporate-an...b310a8f0ca

Wear mask and keep your social distance, everyone

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Take note of the leadership changes @ ST Engineering
https://links.sgx.com/FileOpen/2020812%2...eID=627274

Stay home and stay healthy, everyone.

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1H Result as at 30 Jun 2020
Rev $3.5b (vs 3.5b)
GP  $0.7b (vs 0.7b)
NP  $0.2b (vs 0.2b)
Div  5cts (vs 5)

The Group’s technology and engineering foundation built up over the years, its strong balance sheet, its diverse business mix and robust order book helped it weather the impact of COVID-19 and maintain even-keel for its first half results.

The Group is cognisant of the ‘tail wind’ afforded it through the various government support schemes (especially the Singapore government’s JSS) for 2020. The Group does not expect such support beyond this year.  The Group is also alert to opportunities that have emerged or been accentuated as a result of COVID-19. The Group is well positioned to benefit from areas like Passenger-to-Freighter conversion and smart city solutions, including safe access control management.

The Group is maintaining its guidance for FY2020 revenue to come in between 5% and 15% lower versus FY2019.

https://links.sgx.com/FileOpen/ST%20Engi...eID=627750

Stay home and stay healthy, valuebuddies.

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STE@403
1HFY2021 Result with 5 cents dividend
https://links.sgx.com/FileOpen/ST%20Engi...eID=678315


https://drive.google.com/open?id=1uBP3hd...O7tNC5-7Jn
Stay home and stay safe, everyone.

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STE@378

buying Transcore@S$3.6b in cash.
every merger is about synergy, question is whether STE is able to pull thru?
https://links.sgx.com/FileOpen/SGX%20Ann...eID=685506


https://drive.google.com/open?id=1Nru5oO...Sa8OH-9t60

Stay home and stay safe, everyone.