$ST Engineering(S63.SI)$ has just reported an excellent H2 24 Earnings with Net Profit up 19.6% to SGD 365.7 million. ST Engineering share price is up 3% last Friday and has risen 7% in the past 5 days . It has also reached its 52 week high of SGD 5.49 too. ST Engineering is now up 16% year to-date and in 2024 it has jumped 36%.
For FY2024, ST Engineering has reported earnings of SGD 702.3 million , up 19.7% year on year. Revenue in the same period was up 11.6% year on year to SGD 11.3 billion, with contribution across all its 3 segments .
I am happy with ST Engineering's fantastic performance and it has even increased its dividends to 5 cents per share for Q4FY 2024. This is up from the usual 4 cents per quarter due to its higher earnings. This brings its full year payout to 17 cents , up from 16 cents. The dividend yield is 2.96%.
In 2024 ST Engineering won SGD 12.6 billion in new orders . This includes the SGD 4.3 billion secured in Q4 FY 2024. ST Engineering Total order book stands at SGD 28.5 billion with SGD 8.8 billion to be delivered in FY2025.
According to Group CEO Vincent Chong, ST Engineering 's robust order book and competitive market position will continue to underpin its strong revenue growth and performance.
Nomura said that ST Engineering is a strong buy and has increased its Target Price to SGD 6.10 from SGD 5.07 per share.
$ST Engineering(S63.SI)$
ST Engineering is one of my best performing Singapore stocks which has the hallmark of strong fundamentals - great profits , strong balance sheet and an excellent management team.
Go Long Go Strong Go ST Engineering!🚀🚀🚀🌛🌛🌛💰💰💰
@Daily_Discussion @Tiger_SG @TigerStars @Tiger_comments @TigerClub @CaptainTiger
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- Tony Boon·2025-03-03TOPNo worries. Looks like ST Engineering reaching 6 soon. Sentiment is extremely good today and hope that it will sustain further.1Report
- TL1M·2025-03-03TOPThis stock has been generating great dividend, holding for very long1Report
- SullivanRrr·2025-03-02TOPAmazing outlook for ST Engineering! 🚀💰1Report
- DouglasMalan·2025-03-02TOPIt's great to see such strong performance1Report
- Tony Boon·2025-03-03Go go go ST Engineering. It should be bullish towards Nomura's target price of 6.10 in view of its positive sentiment now. Increasing the dividend to 5c is a significant step by the company to bring itself to another whole new level. This will strengthen the dividend yield % as the share price increases progressively. Hope that company will increase the dividend further moving forward as well. This will retain more investors in a way. Cheers ST Engineering. Thank You for the great sharing of info. [Smile] [Shy]1Report
- icycrystal·2025-03-03thanks for sharing2Report
- V K·2025-03-03nice1Report
- zuma·2025-03-03thx1Report
- 不死鸟.·2025-03-02谢谢分享1Report