The Motley Fool Singapore
Singapore Technologies Engineering Ltd Grew Its Earnings By A Strong 18% In 2018’s First Quarter: Is It Actually A Good Business?
In mid-May, the engineering conglomerate Singapore Technologies Engineering Ltd (SGX: S63), released its 2018 first quarter earnings update. During the reporting quarter, the company reported strong top line and bottom line growth. Revenue was up 9.0% year-on-year to S$1.65 billion, while profit attributable to shareholders jumped by 17.8% to S$117.7 million. These growth numbers captured my attention and got me interested in finding out more about the company. In particular, I want to understand: Does ST Engineering have a high quality business? This question is important. If ST Engineering has a high quality business, it might be a good idea to carry on a detailed study on the company. Unfortunately, there’s no easy answer to the question. But, a simple metric can help shed some li