
A Falling wedge is formed. If breakdown, target price is $2.90.
temp123 ( Date: 03-Mar-2010 11:13) Posted:
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100% pay Out iS nO feasible with reduced A380 servicing ?
A380 iS prObably tOO BiG fOr SiA tO affOrd
a breakaway from $3.09, price cld correct to $2.90 somewhere..jz my thots
So is the H&S formed? What is the target, anyone?
The news of ST Engineering (S63.SG) having the dividend been cut have caused massive sell down on 18/Feb & 19/Feb respectively. "Dividend cut may cause near-term underperformance; the cut in dividend potentially signals that the 100% payout ratio may no longer be a given," says JPMorgan.
Currently ST is already near to the neckline of the classic pattern “Head & shoulders”. Any sell down beyond this neckline may cause further damage which happens to Genting during last few days.
What do you think? Bearish or bullish? Haha
See my blog for charts: http://singstock.blogspot.com/2010/02/head-shoulders-for-st-eng.html
well..this is a "high" yeild defensive counter lah.....those analysts also unable to get their "act" right! haha...not to mention those naives playing this burger ! :P i thk this burgeer's defensive nature has it's reason! :P
win_88 ( Date: 19-Feb-2010 14:41) Posted:
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wah..... 2 different TPs...so great difference
Alligator ( Date: 19-Feb-2010 14:24) Posted:
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UOB KH made a downgrade to SELL call, cutting fair price from 3.32 to 2.75, due to ST Engg cutting payout from 100% to 90% among others
at the same time DBSV maintain BUY , with a reduction of TP from 3.8 to 3.55
not working hard? ehh..trying to maintain price at 3.09 for benefit of all leh! :P
Your battalion is too idle, not working hard enough!
nickyng ( Date: 19-Feb-2010 11:13) Posted:
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dun short lar..haha...leave yr rounds for genting :P
nickyng ( Date: 19-Feb-2010 11:13) Posted:
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din know my sHORTIST battalions also target this relative defensive burger siah !! :P oni slight drop in divident payout oni wat? ayo....hee...should i JOIN in the FUN ? :P hee....
anyone know what happen to ST engg, y it keep dropping?? any bad news on the stocks itself or market sentiment?
tk
Alligator ( Date: 19-Feb-2010 10:36) Posted:
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Dividend
The ST Engineering Board of Directors is proposing a final dividend of 10.28 cents per share,
consisting of an Ordinary Dividend of 4.00 cents per share and a Special Dividend of 6.28 cents per
share. Together with the interim Ordinary Dividend of 3.00 cents per share paid in September 2009,
the total dividend of 13.28 cents translates to a yield of 4.72%, computed using the average closing
share price of the last trading day of 2009 and 2008.
The ST Engineering Board of Directors is proposing a final dividend of 10.28 cents per share,
consisting of an Ordinary Dividend of 4.00 cents per share and a Special Dividend of 6.28 cents per
share. Together with the interim Ordinary Dividend of 3.00 cents per share paid in September 2009,
the total dividend of 13.28 cents translates to a yield of 4.72%, computed using the average closing
share price of the last trading day of 2009 and 2008.
win_88 ( Date: 19-Feb-2010 10:32) Posted:
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anyone know what the dividend for ST engg? tk..
Awarded a three-year contract worth about S$6.5m (", )
Singapore, 27 January 2010
ST Engineering today announced that ST Synthesis, its wholly
owned subsidiary, has been awarded a three-year contract worth about S$6.5m by Singapore’s
National Environment Agency (NEA). The contract, which commences 1 March 2010, entails the
provision of management, operation and maintenance of mechanical and electrical equipment
for the Tuas Marine Transfer Station and Semakau Landfill.
http ://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_62F8A976B45463BD482576B800158873/$file/STSynthesis_NEAContract.pdf?openelement
Oops! Looks like reversal on the way. 

temp123 ( Date: 07-Jan-2010 10:00) Posted:
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Next tgt: $3.52, $3.60, $3.70
From DBS Group Research.Equity dated 06-Jan-2010.
BUY S$3.27
STI : 2,920.28Price Target : 12-month S$ 3.80 (Prev S$ 3.30)
Reason for Report : Company update
Potential Catalyst: Dividend announcement, acquisitions, contract wins