Shares & Derivatives
ST Engineering – Will I buy this stock at $3.9?
By Financial Horse  •  June 19, 2021
It’s been a while since we’ve done a deep dive into a company. So let’s remedy that today – with a classic Singaporean favourite: ST Engineering. The manufacturer of our beloved SAR-21, Temasek linked, with a 3.8% dividend down to boot. What more do you want in a stock? Basics: What is ST Engineering? ST Engineering’s business can be broken down into 4 big segments:
  • Aerospace
  • Electronics
  • Land Systems
  • Marine
Aerospace is the largest contributor with 38% of FY 2020 revenue. This is the maintenance of aircraft, and sale of aircraft parts. Electronics is the next largest contributor with 32%. They do project solutions – electrical projects like railways, Internet of Things, Smart City, Public Safety, Digital Health Platforms. Land Systems is the defence element that every Singaporean male will know. SAR-21, armoured vehicles, most of the homemade weapons we use in the SAF are from ST Engineering. This contributes about 19% of revenue....
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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