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ST Engineering Charts Its Five-Year Growth Path: 5 Highlights from Its Investor Day
By The Smart Investor  •  November 23, 2021
It’s been a tough 18 months for Singapore Technologies Engineering (SGX: S63), or STE. COVID-19 had impacted air travel and maritime activity and adversely affected 40% of the group’s business. As a result, STE has seen three out of four of its 2022 targets delayed by one to two years. Those financial goals were laid down during its 2018 Investor Day, and these objectives have now been refreshed as STE embarks on a new five-year plan. The engineering specialist now aims to grow its annual revenue at two to three times the global GDP rate to hit more than S$11 billion by 2026. Recall that the seeds of this growth had already been planted late last year as STE reorganised itself to streamline its group structure. Here are five highlights from STE’s recent Investor Day presentation. 1. Boosting the commercial aerospace arm STE is well-poised to ride the recovery in air travel for its commercial aerospace division....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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