ST Engineering's aerospace segment profits up 6% to $79m

This is due to contributions from the engineering & material services segment.

One of ST Engineering's brightest spots in the past quarter is its aerospace segment.

According to UOB Kay Hian, the group's aerospace segment recorded a 6.3% jump in profits before taxes (PBT) to $79m in the said quarter.

Analyst K Ajith said this is due to the rise in engineering & material services (EMS) segment PBT.

Meanwhile, the group's aircraft maintenance & modification (AMM) PBT declined 30% YoY due to the lack of contribution from a major conversion project.

"However, we also note that revenue out of the US fell by 14%, suggesting weakness at its core aircraft maintenance business in the region," Ajith explained.

Moving forward, the analyst noted how optimistic ST Engineering remains on its passenger-to-freighter (PTF) conversion programme and highlighted the contract win from DHL for an additional 4 A380 PTF and an option for 4 more during the period.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia