ST Engineering - CGS-CIMB Research 2023-08-11: Scrubbed To Be Stronger

• Excluding one-off loss of S$24m from the divestment of SatixFy shares, ST Engineering (SGX:S63)’s 1H23 core net profit of S$305m (+19% h-o-h, +46% y-o-y) was largely in line with our expectations, forming 53% of both our and Bloomberg consensus’ FY23F forecasts.

Urban Solutions and Satcoms (USS) segment: positive outcome from strategic review of Satcoms business

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Commercial Aerospace (CA) segment wins order, P2F still strong

• Read more at SGinvestors.io.

Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.

Read also CGS-CIMB's most recent report:
2024-02-12 ST Engineering - Longer-term Growth Drivers Intact.

Previous report by CGS-CIMB:
2023-11-10 ST Engineering - Set For A Stronger FY24.

Price targets by 7 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 Dividend Payout Dates & Corporate Actions,
ST Engineering News