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MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Singapore Technologies Engineering Ltd    STEG   SG1F60858221

SINGAPORE TECHNOLOGIES ENGINEERING LTD

(STEG)
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Singapore Technologies Engineering : 2Q Earnings Boosted by Marine Business

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08/14/2019 | 06:29am EDT

By Yifan Wang

Singapore Technologies Engineering Ltd. (S63.SG) reported an 18% increase in net profit for the second quarter due to the better performance of its marine operations.

Second-quarter net profit was S$138.2 million (US$99.9 million), compared with S$117.5 million in the same period last year, the engineering company said Wednesday.

The marine business was the main driver of profit growth, as the segment's shipbuilding operations in the U.S. improved, it said.

Revenue rose 8% to S$1.78 billion, with commercial sales contributing 71% of the total and the defense business making up the rest.

The company declared an interim dividend of 5.0 Singapore cents a share, the same as a year ago.

Write to Yifan Wang at yifan.wang@wsj.com

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Financials (SGD)
Sales 2019 7 700 M
EBIT 2019 693 M
Net income 2019 588 M
Debt 2019 1 135 M
Yield 2019 3,80%
P/E ratio 2019 21,4x
P/E ratio 2020 19,0x
EV / Sales2019 1,78x
EV / Sales2020 1,62x
Capitalization 12 604 M
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Technical analysis trends SINGAPORE TECHNOLOGIES ENG
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Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 4,38  SGD
Last Close Price 4,04  SGD
Spread / Highest target 16,3%
Spread / Average Target 8,48%
Spread / Lowest Target -1,04%
EPS Revisions
Managers
NameTitle
Sy Feng Chong President, Chief Executive Officer & Director
Chong Seng Kwa Chairman
Chee Keng Foo Chief Financial Officer
Bernard Chew Chief Information Officer
Weng Yip Chan Chief Technology & Digital Officer
Sector and Competitors
1st jan.Capitalization (M$)
SINGAPORE TECHNOLOGIES ENGINEERING LTD15.43%9 142
UNITED TECHNOLOGIES CORPORATION16.21%106 767
LOCKHEED MARTIN CORPORATION43.98%105 464
NORTHROP GRUMMAN CORPORATION50.23%61 795
GENERAL DYNAMICS CORPORATION15.91%52 508
RAYTHEON16.41%49 724