Asia300

Singapore Technologies Engineering Ltd.

Singapore

  • 1m
  • 3m
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  • 1y
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Nov 16, 2017
Prev close: 3.27
Nov 16, 2017
Market cap:
Market cap(USD):
10,164.80M
7,493.52M
Shares: 3,108.50M

Currency in SGD

Company profile

Market(Ticker): SES(S63)
Sector:
Industry:
Electronic Technology
Aerospace & Defense
Full time employees: 21,584

Business summary

Singapore Technologies Engineering Ltd. engages in the provision of solutions, and services. It operates in the following segments: Aerospace, Electronics, Land Systems, Marine, and Others. The Aerospace segment provides a spectrum maintenance and engineering services that include airframe, engine, and component maintenance, repair, and overhaul. The Electronics segment delivers innovative system solutions to government, commercial, defense, and industrial customers worldwide. The Land Systems segment handles the integrated land systems, specialty vehicles, and the life support for defense, homeland security, and commercial applications. The Marine segment produces turnkey building, repair, and conversion services for a wide spectrum of naval, and commercial vessels. The Others segment is the research and development, treasury, investment holding, and provision of management, consultancy, integrated logistics management, integrated facilities management, warehousing, and other support services. The company was founded on September 8, 1997 and is headquartered in Singapore.

Company background

Singapore Technologies Engineering (ST Engineering) is one of Asia's largest defense and engineering groups. It has over 100 subsidiaries and associate companies spanning in 24 countries, which cover its four core businesses -- aerospace, land systems, electronics and marine. Singapore's sovereign wealth fund, Temasek Holdings, holds a more than 50% stake. In 2013, it acquired 90% of an automotive maintenance company in Brazil. Tan Pheng Hock, a veteran who joined ST Marine in 1981, has led the company as president and CEO since 2002.

ST Engineering was born in 1997 through a merger of four publicly-listed companies. Its origins trace back to 1967, when one of the precursors, Chartered Industries of Singapore, was set up by the newly-independent Singaporean government. Its original role was to make ordnance for the Singapore Armed Forces, and the SAF remains ST Engineering's top client today. The company is now the world's largest producer of 40mm munitions. The company has also diversified over the years, and now supplies both military customers and commercial ones in over 100 countries. Non-defense business makes up more than 60% of total revenue. In aviation services, it is the world's top airframe MRO (maintenance, repair and overhaul) provider, with a large presence in China.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 6,683.73M
Gross profit 1,284.75M
Operating income 626.50M
Income before tax 526.86M
Net income 484.51M
EBITDA 873.83M
Diluted EPS 0.15
Dividends per share 0.15
Total assets 8,489.95M
Total liabilities 6,045.75M
Total equity 2,182.26M
Operating cash flow 762.66M

Currency in SGD

Revenue 4,841.01M
Gross profit 930.54M
Operating income 453.77M
Income before tax 381.60M
Net income 350.93M
EBITDA 632.91M
Diluted EPS 0.11
Dividends per share 0.10
Total assets 5,876.62M
Total liabilities 4,184.78M
Total equity 1,510.52M
Operating cash flow 552.39M

Currency in USD

Valuation measures

Dec 2016

PER 20.70
ROA 5.78%
ROE 22.46%
Operating margin 9.37%
Profit margin 7.24%

Key executive

  • President, Chief Executive Officer & Director: Sy Feng Chong
  • Chief Financial Officer: Chee Keng Foo
  • Chief Technology Officer: Saik Hay Fong
  • President-Defence Business: Ravinder Singh
  • Chief Marketing Officer: Men Leong Chew

Share holders

  • Temasek Holdings Pte Ltd. (Investment Company)(49.7%)
  • Aberdeen Asset Management (Asia) Ltd.(4.4%)
  • Capital Research & Management Co. (Global Investors)(3.1%)
  • Matthews International Capital Management LLC(1.9%)
  • The Vanguard Group, Inc.(1.1%)
  • Temasek Capital Pte Ltd.(0.9%)
  • BlackRock Fund Advisors(0.8%)
  • Norges Bank Investment Management(0.7%)
  • Eastspring Investments (Singapore) Ltd.(0.7%)
  • LEE FAMILY /OCBC/(0.4%)

Address

  • Website: http://www.stengg.com
  • Address: ST Engineering Hub, 1 Ang Mo Kio Electronics Park Road, Singapore, 567710, Singapore
  • Phone: +65.6722.1818

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