- ST Engineering's 9M22 revenue of S$6.5b was a slight miss, at about 69% of our full-year projection. Orderbook stood at a record high of S$23.1b (excluding the disposed US marine businesses) as of end-3Q22, 71% higher than pre-pandemic levels at end-19.
- - Read this at SGinvestors.io -
ST Engineering (STE) reported 9M22 revenue of S$6.5b (+19% y-o-y).
- ST Engineering (SGX:S63)’s 9M22 revenue of S$6.5b was a slight miss, at 69% of our full-year projection; we believe that the miss was mainly attributable to slightly lower-than-expected non-orderbook-driven revenue.
- - Read this at SGinvestors.io -
Commercial Aerospace (CA) recovery on track; Urban Solutions & Satcomm (USS) revenue still affected by global chip shortage.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Roy Chen CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2022-11-29
Read also UOB's most recent report:
2023-11-14 ST Engineering - 3Q23 Revenue Broadly In Line; Growth Ahead Underpinned By Strong Orderbook.
Previous report by UOB:
2023-08-14 ST Engineering - 1H23 Results Beat; Better Conviction On Earnings Growth Outlook.
Price targets by 6 other brokers at ST Engineering Target Prices.
Listing of research reports at ST Engineering Analyst Reports.
Relevant links:
ST Engineering Share Price History,
ST Engineering Announcements,
ST Engineering Dividends & Corporate Actions,
ST Engineering News Articles
