ST engineering had been dropping like crazy the last few weeks, and very recently in the last few days, the sell down persisted at a much greater pace. I know that they had a weak quarter, and possibly they will end this financial year with similar revenue but weaker net profits. My class got cancelled, so I had some time to crunch some numbers.
Here's a fancy 5 yr key financial data taken from their site:
A few things to take note:
1. The net profit margin (Net profit/Revenue) hovers around 8% in 2009 to 9% in 2012.
2. The number of shares taken to calculate the earnings per share (EPS) increases from around 30 units to around 31 units.
(What units? EPS is net profit over shares, so if you manipulate the formula you'll get shares = net profit/EPS. And that's what I did. I took the net profit ......