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:
- Land Systems
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.