ST Engineering earns an all-time outstanding orderbook of $15.6b

STE maintains revenue visibility for two years.

STE recorded an outstanding orderbook of $15.6b, providing revenue visibility for two and a half years, reports research institute RHB.
Including a $1b contract for the design and construction of the first Polar Security Cutter, STE has reported order wins worth $4.6b in 1H19 vs. $5.2b order wins in 2018.

STE recently completed three acquisitions with Middle River Aerostructure Systems (MARS), Glowlink and Newtec, which are expected to bring earnings to STE. MRAS is forecast to gain accretive earnings, whilst Newtec is sighted to contribute from FY20F.

Along with new acquisitions, STE is confident that their new solutions will help scale up the operations of the company. Its proprietary solutions for satcom ground equipment is seen to build the company’s strong presence in the segment.

STE will deploy low earth orbit satellite constellations which is likely to drive the convergence between satcom and upcoming 5G networks, driving demand for satcom ground equipment and terminals.

STE’s stocks are set at a take-profit (TP) order of $4.70.

Also Read

Institution of Engineers sets up new board to promote faster chartership registration

Hanwha raises offer to $0.67 to acquire full control of Dyna-Mac Holdings

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit