ST Engineering's net order book to balloon to $13.1b

$2.8b orders to be delivered in 2H.

According to OSK, it estimates the new contracts lifted ST Engineering 's net order book to SGD13.1bn, equivalent to 2x annual revenue. 

Here's more:

ST Engineering has announced that its electronics arm, ST Electronics has secured SGD416m of contracts for rail electronics, satellite communications and communications projects in 3Q2013.

Out of this, about SGD238m was for communications and electronics systems, advance IT systems and rail electronics solutions, while SGD178m was for satcoms products and broadband communications solutions.

STE’s orderbook stood at SGD12.7bn as of end Jun 2013, out of which about SGD2.8bn is expected to be delivered in 2H2013.