December 18, 2017 2:18 AM ET

Aerospace and Defense

Company Overview of Singapore Technologies Engineering Ltd

Company Overview

Singapore Technologies Engineering Ltd, an investment holding company, provides engineering and related services worldwide. It operates through four segments: Aerospace, Electronics, Land Systems, and Marine. The Aerospace segment provides maintenance and engineering services, such as airframe, engine, component maintenance, repair, and overhaul services; engineering design and technical services; and technical, material support, asset management, and pilot training services. The Electronics segment designs, develops, and integrates electronics and communications systems, such as broadband radio frequency and satellite communication, e-government solutions, information communications technol...

No. 07-01, ST Engineering Hub

1 Ang Mo Kio Electronics Park Road

Singapore,  567710

Singapore

Founded in 1997

22,000 Employees

Phone:

65 6722 1818

Fax:

65 6720 2293

Key Executives for Singapore Technologies Engineering Ltd

President, CEO & Director
Age: 48
Total Annual Compensation: $2.0M
Advisor
Age: 59
Total Annual Compensation: $1.8M
Compensation as of Fiscal Year 2016.

Singapore Technologies Engineering Ltd Key Developments

Singapore Technologies Engineering Ltd Reports Unaudited Group Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Year 2017

Singapore Technologies Engineering Ltd. reported unaudited group earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of SGD 1,621.828 million against SGD 1,613.024 million a year ago. Profit from operations was SGD 146.063 million against SGD 82.003 million a year ago. EBIT was SGD 146.1 million against SGD 82.0 million a year ago. Profit before taxation was SGD 162.911 million against SGD 106.637 million a year ago. Profit attributable to shareholders of the company was SGD 128.394 million or 4.12 cents per diluted share against SGD 76.650 million or 2.47 cents per diluted share a year ago. Higher profits were largely due to the absence of the SGD 61.1 million one-off charges incurred in third quarter of 2016 for its Specialty Vehicle business in China. Net cash from operating activities was SGD 112.003 million against SGD 172.406 million a year ago. The decrease was due to working capital changes arising from an increase in inventories and work-in-progress and utilization of advances from customers, partially offset by lower trade payables and accruals. Purchase of property, plant and equipment was SGD 96.788 million against SGD 48.842 million a year ago. Additions to other intangible assets were SGD 14.229 million against SGD 21.598 million a year ago. Higher revenue was contributed by Aerospace and Electronics sectors, while Marine sector recognised lower revenue. EBITDA was SGD 201.0 million against SGD 146.7 million a year ago. For the nine months, the company reported revenue of SGD 4,917.211 million against SGD 4,863.431 million a year ago. Profit from operations was SGD 393.568 million against SGD 316.299 million a year ago. EBIT was SGD 393.6 million against SGD 316.3 million a year ago. Profit before taxation was SGD 449.745 million against SGD 407.317 million a year ago. Profit attributable to shareholders of the company was SGD 343.392 million or 11.03 cents per diluted share against SGD 314.106 million or 10.12 cents per diluted share a year ago. Net cash from operating activities was SGD 460.710 million against SGD 476.339 million a year ago. Purchase of property, plant and equipment was SGD 214.896 million against SGD 136.429 million a year ago. Additions to other intangible assets were SGD 44.476 million against SGD 40.110 million a year ago. For the fiscal year 2017, barring unforeseen circumstances, the group expects fiscal year 2017 revenue and PBT to be comparable to the fiscal year 2016. For the rest of the year, the company expects to deliver SGD 1.2 billion of revenue from the company’s order book. And if the company adds that to the year-to-date performance of SGD 4.9 billion in revenue, the company should be at about 90% of last year's revenue already, just based on order book. So the company is quite confident in achieving its outlook of comparable revenue and PBT for full year 2017.

Singapore Technologies Engineering Ltd to Report Q3, 2017 Results on Nov 08, 2017

Singapore Technologies Engineering Ltd announced that they will report Q3, 2017 results Pre-Market on Nov 08, 2017

Singapore Technologies Engineering Ltd, Q3 2017 Earnings Call, Nov 08, 2017

Singapore Technologies Engineering Ltd, Q3 2017 Earnings Call, Nov 08, 2017

Recent Private Companies Transactions

Type
Date
Target
Private Placement
October 24, 2017
Technicae Projetos e Serviços Automotivos Ltda.
Buyback
August 17, 2017
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