Earnings Alerts

ST Engineering (STE) Earnings: 1H Net Income Hits S$336.5M Amid Strong Revenue Performance

  • Net Income: ST Engineering reported a net income of S$336.5 million for the first half of 2024.
  • Operating Income: The company’s operating income for the same period was S$484.6 million.
  • Revenue: ST Engineering generated a total revenue of S$5.52 billion in the first half of the year.
  • Order Book: The company ended the period with an order book valued at S$27.9 billion.
  • Analyst Recommendations: There are 12 buy, 2 hold, and 0 sell recommendations for ST Engineering.

A look at ST Engineering Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

ST Engineering, a global technology, defence, and engineering group with a presence in key regions worldwide, including Asia, Europe, the Middle East, and the U.S., is focused on addressing real-world challenges through innovation. With its diverse portfolio spanning aerospace, smart city solutions, defence, and public security, the company serves a wide array of clients in over 100 countries. Despite facing some challenges, the company has received notably positive scores in Growth and Momentum, indicating a promising trajectory ahead based on its ability to expand and its market performance.

Although ST Engineering scores moderately on Value and Resilience, it stands out with a solid score in Dividend payouts, reflecting its commitment to rewarding shareholders. The company’s positioning as a major player in the Singapore Exchange and inclusion in prestigious indices such as the FTSE Straits Times Index and MSCI Singapore underlines its significance in the market. With a favorable outlook in Growth and Momentum, ST Engineering shows potential for long-term growth and market resilience, supported by its innovative approach and diverse business segments.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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