ST Engineering's orderbook hit $13.5b

Its aerospace recorded strong orders during the past quarter.

After a strong revenue growth in the past quarter, ST Engineering is poised to be supported by its strong orderbook over the near-to-medium term.

According to OCBC Investment Research, the group will be buttressed by its order book of $13.5b as the aerospace and electronics sectors recorded strong new orders during the past quarter.

"However, on weak performance from the marine sector, ST Engineering has revised its guidance for FY17 profits before taxes from higher to comparable to FY16, whilst maintaining its guidance for FY17 revenue to be comparable to FY16," analyst Eugene Chua said.

Over the longer-term, Chua said the outlook remains positive especially for the group's electronics sector due to the high-growth areas relating to Singapore’s smart nations initiatives, cyber security, and smart city business.

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