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901-920 of 1192
strong rebound after broke support last 2 days.
an opportunity to clear position as profit taking is in progress now.
And wait for next entry
can't break 3.75 for the last days
Agreed. But worth monitoring. Would enter when it is new low. May b at 3.66.
defensive stock but US economy will still affect its business
singaporegal,
At the moment, this counter is good for some scalping. Buy in at about the 3.60+ range and sell at about the 3.70 to 3.80+ range. Not too speculative cos back by fundementals.
Long time since the last posting. This counter has been trading sideways for some time. I don't see much change still.
TA charts for this counter looks bearish. Acc/Dist and Chaikin are heading southwards.
Singapore Technologies Engineering Ltd (ST Engineering) said late Tuesday that its ST Electronics unit and Hungary's Albacomp Computers Co have signed a memorandum of understanding to jointly pursue information technology projects in Hungary.
The companies estimate market opportunities in Hungary to be worth more than 100 million US dollars in the near term. They have already identified two projects in mass transit applications and government IT requirements.
The companies estimate market opportunities in Hungary to be worth more than 100 million US dollars in the near term. They have already identified two projects in mass transit applications and government IT requirements.
DJ MARKET TALK: ST Engineering May Edge Up On S$60M Contract
0000 GMT [Dow Jones] ST Engineering (S63.SG) may inch up on boost to orderbook as electronics arm lands S$60 million contract to provide traffic management, security systems for Saudi Arabian government project. Resistance tipped at S$3.93 (78.6% Fibonacci mark between all-time S$4.02 peak, this week's lowest intraday trough of S$3.60). ST Electronics will design, operate, maintain systems for kingdom's Eastern Province , Aseer Province , Tabuk City . Deal not expected to boost group's EPS, NTA for current financial year as 2-year project starts early 2008, but should bode well for investor confidence in company's ability to secure major contracts. Stock +1% at S$3.86 yesterday. (FKH)
ST Engineering's electronics arm is keen to win more rail projects and hopes to announce a new deal early in 4Q, its president Seah Moon Ming said on Thursday.
Seah also said ST Electronics - the 2nd-highest revenue generator for ST Engineering after ST Aerospace - aims for double-digit overall sales growth each year, while keeping ROE above 20% and net profit margin around 9%.
Commercial projects, which already account for more than half of ST Electronics' sales, will likely grow faster than military contracts, he added.
"Commercial has to grow faster in order to achieve double-digits," Seah said in an interview with Reuters.
He added that Singapore's defence spending can, over the medium term, expand only as quickly as GDP, which has single-digit growth rates.
ST Electronics has identified Greater China, Southeast Asia, Turkey, the Middle East and India as potential markets for its rail and subway systems, and it is pursuing projects in 10 cities in China, Seah said.
ST Electronics, which achieved sales of $951 million last year, sells electronic and communications systems for use in areas such as security, rail and traffic management, satellite communication and training.
Its most recent commuter rail project, announced in May, was a $123 million contract from Marubeni Corp to design and install automated fare collection and other systems for a 76-km line in Istanbul, Turkey.
ST Engineering is also working on traveller information systems and platform screen doors for the upcoming Circle Line; a traffic control centre for Beijing's subway network; and a control system for Taiwan's Taoyuan international airport.
ST Electronics has announced 1 or 2 rail projects a year and hopes to match or better this in coming years, Seah said.
Seah said the company's competitive advantage included its ability to deliver communications, command and control systems that contained "a lot of predictive algorithms" to help staff in station control rooms make decisions during emergencies.
Looking ahead, Seah said ST Engineering aims to boost recurring revenue from maintenance sales to 40% of overall sales from the current 20+ % in the next 3-5 years. Another 30% of revenue will come from areas such as transport, homeland security, simulators and intelligent buildings, the rest from products such as satellite communication systems, custom-built switches and radio equipment.
ST Electronics posted a 29% yoy rise in sales to $270 million during 2Q ended Jun 30, accounting for 21% of ST Engineering's group turnover. But earnings were flat, with pretax profit rising from $25.4 million to $25.9 million, or about 16% of the total.
As a group, ST Engineering reported a 12% rise in 2Q net profit to $123 million with turnover gaining 22% to $1.3 billion during this period.
Looks like it has bottomed out and on uptrend now. Acc/Dist and Chaikin moving north.
Possibility that ST Eng has bottomed out. Wait a couple more days for trend to confirm.
Result on Aug 8 520PM
Anyone knows when is ST Eng Q2 Results coming out? What is the expectations of their results?
This counter has been pretty quiet lately. Reached a high of $4.02 on 23/24 July and now hovering at $3.9. Good time to pick up some now?
0205 GMT [Dow Jones] ST Engineering (S63.SG) +1.7% at S$3.68 on thin volume, upside capped at 3 week high of S$3.70; marine arm secures contract worth S$168 million to design and build a passenger ferry. Analyst says deal is small for company, but share price may retest record high at S$3.88 if 2Q numbers exceed expectations; suggests company could announce up to S$2 billion more in contract wins this year to enhance orderbook which is already at a record high. (JEM)
ST Eng now looks slightly bearish... Acc/Dist, Chaikin and MACD all down.
1st time broke thro the previous ht. The support should be at $3.66, but close at $3.60 !
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| SINGAPORE (XFN-ASIA) - Infrastructure builder Singapore Technologies
Engineering Ltd (ST Engineering) said its US-based unit, shipyard VT Halter Marine Inc, has won a contract worth 41.5 mln usd from the US Navy. VT Halter Marine will provide modification services to the Egyptian Navy's fast missile craft project as part of the US Navy's foreign military sales program, the company said. ST Engineering said the contract is not expected to have any material impact on its consolidated net tangible assets per share and earnings per share this year. (1 usd = 1.53 sgd) singapore@xfn.com MMMM |
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Hi sporegal
Thanks for ur reading of STE.
How was ur holiday or break?Going for another holiday soon?
Good TA signals on Bollinger bands, Acc/Dist and Chaikin.