SINGAPORE (Oct 15): When I started investing in the 1990s, I quickly became intrigued by companies with assets that were overlooked by the market. In some cases, the asset in question was simply a pile of cash or liquid securities. Other times, it was a strategically located parcel of land that coul...

Submitted By:  Luz Wendy Noble Case Study:  No It secured a 4-year ATR 72 landing gear overhaul deal from an Asian airline. read more

SINGAPORE (Oct 15): ST Engineering’s aerospace business sector has secured new contracts totalling $590 million in value in 3Q18 for services ranging from airframe, engine and component maintenance, to engine wash. A number of the contracts are multi-year agreements, including a four-year ATR 72 l...

France's Safran has improved the design of its Silvercrest engine to prevent a repeat of factory delays and plans further testing in the second quarter of next year to confirm the breakthrough, the head of its engines division told Reuters on Monday.

ST Engineering announced on Monday that in the third quarter of 2018, its aerospace sector secured new contracts worth about S$590 million, for services ranging from airframe, engine and component maintenance to engine wash.

Submitted By:  Luz Wendy Noble Case Study:  No And ST Engineering wins $5.5m Singapore contract to test smart lamp-post. From iCompareLoan: Concluded collectiv...

The project is part of a broader "Smart Nation" plan developed by the Singapore government to use cutting-edge technology, designed to improve people's lives. The post ST Engineering wins $5.5m contract to test smart lamp posts appeared first on DealStreetAsia.

Singapore Technologies Engineering has won a SUS$7.5 million (US$5.5 million) contract for the trial of a smart lamp-post project in Singapore, which includes fitting sensors and cameras to posts in the city-state, according to the government's official tender website.

NUSA DUA, Indonesia: International Monetary Fund Managing Director Christine Lagarde on Thursday (Oct 11) warned countries against engaging in trade and currency wars that hurt global growth and imperil "innocent bystanders". Formally launching the IMF and World Bank annual meetings on the ...

WASHINGTON: US Treasury Secretary Steven Mnuchin warned China on Wednesday (Oct 10) against engaging in competitive currency devaluations as the two countries wage a trade war, in comments published in the Financial Times. There are several factors behind the recent fall in the Chinese yuan, or ...

SINGAPORE (Oct 8): CGS-CIMB Securities continues to rate Singapore conglomerates as “overweight” as limited organic growth has forced them to go beyond their existing turf. Notably, in the past six months, Sembcorp Industries acquired mini-power plants in the UK for about £286 million ($518.2 m...

SINGAPORE (Oct 8): Companies in Asia have been the subject of the most number of shareholder activism campaigns so far this year, outside of the US. There were 90 such campaigns across Asia in the first eight months of this year, up from 60 over the same period last year. This was pointed out by Tan...

Submitted By:  Luz Wendy Noble Case Study:  No Sembcorp Marine's total returns hit 21.4%. This chart from the Singapore Exchange (SGX) shows that the 10 biggest...

SINGAPORE (Oct 1): Sales from ST Engineering’s newly acquired Middle River Aircraft Systems’ (MRAS) is expected to rise by 10% in FY19 ending June. Assuming that the acquisition is completed by 1Q19, UOB KayHian estimates that MRAS 2019 net profit contribution could reach $39 million or a 6.7% i...

The anchor investors are Committed Advisors and NewQuest Capital, an APAC-focused secondaries platform. The post Singapore tech investor Basil Partners closes third fund; NewQuest, Committed Advisors are anchor LPs appeared first on DealStreetAsia.

SINGAPORE (Sept 17): With $2.7 trillion worth of assets under management, Singapore has earned a reputation as a wealth management centre. If data is indeed the new “currency” of today’s digital economy, this tiny island republic can add another claim: It has become the leading regional locat...

SINGAPORE (Sept 17): ST Engineering’s electronics sector on Monday launched the DigiSAFE DiskCrypt M10 -- with six different colours to choose from. The world’s thinnest and first ultra-slim two-factor authentication (2FA) encrypted data storage will help enterprises and governments secure their...

(Sept 17): Imagine landing at a major airport and the only human official you meet on your way through the terminal is a customs officer. Singapore’s Changi International Airport, voted the world’s best for the past six years by Skytrax, is pursuing that goal of extensive automation with such vi...

Submitted By:  Luz Wendy Noble Case Study:  No Investors are urged to take caution today. The Straits Times Index (STI) ended 29.65 or 0.95% higher at 3,161.42. The...

Submitted By:  Luz Wendy Noble Case Study:  No The MRA Systems is also synergistic with STE’s composite manufacturing capabilities. read more

SHARES in mainboard-listed Singapore Technologies (ST) Engineering were on a tear on Friday with the engineering firm's stock advancing S$0.24 or 7.3 per cent higher at S$3.53 on Friday.

SINGAPORE (Sept 14): Shares in ST Engineering surged 22 cents or 6.7% to $3.51 this morning after Thursday night’s news that the defence and engineering company was acquiring MRA Systems (MRAS) for a record US$630 million ($864 million) drew positive responses from analysts. As at 1.29pm, nearly 1...

SHARES in mainboard-listed Singapore Technologies (ST) Engineering were on a tear on Friday morning with the engineering firm's stock advancing S$0.23 or seven per cent to S$3.52 as at 11.42am.

Submitted By:  Danielle Isaac Case Study:  No This will allow ST Engineering to move into the OEM business. The US subsidiary of Singapore Technologies Engineering ...

THE following companies saw new developments which may affect trading of their shares on Friday:

MAINBOARD-listed Singapore Technologies Engineering (ST Engineering) has agreed to acquire General Electric's MRA Systems LLC (MRAS) - in what will be its largest takeover to date - for some US$630 million.

SINGAPORE (Sept 13): ST Engineering has entered into a conditional share purchase agreement to acquire a 100% stake in engine nacelle systems manufacturer MRA Systems for US$630 million on a cash-free and debt-free basis. The seller is the General Electric Company which has been shedding some of its...

Singapore Technologies Engineering Ltd on Thursday said it had agreed to purchase aircraft part manufacturer MRA Systems from General Electric Co for US$630 million.

MAINBOARD-listed Singapore Technologies Engineering (ST Engineering) has agreed to acquire General Electric's MRA Systems, LLC (MRAS) in a deal that values the company at some US$630 million, the group announced on Thursday evening after market close. 

ST Engineering faces increased competition from jet and engine manufacturers in offering maintenance packages to airlines. The post ST Engineering to buy aircraft part maker from GE for $630m appeared first on DealStreetAsia.