CGS-CIMB analyst Lim Siew Khee maintained a Buy rating on Singapore Technologies Engineering (SGGKF – Research Report) yesterday and set a price target of S$4.00. The company’s shares closed last Wednesday at $2.83.
According to TipRanks, Siew Khee is ranked #7009 out of 8296 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Singapore Technologies Engineering with a $3.06 average price target.
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Based on Singapore Technologies Engineering’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
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Singapore Technologies Engineering Ltd. is a holding company, which provides engineering and related services. It operates through the following segments: Aerospace, Electronics, Land Systems, Marine, and Others. The Aerospace segment provides spectrum maintenance and engineering services that include air-frame, engine and component maintenance, repair and overhaul, engineering design, development, and technical services; and aviation materials and management services, including total aviation support. The Electronics segment delivers system solutions to government, commercial, defence, and industrial customers. The Land Systems segment provides design and engineering services, manufacture, sales and know-how transfer of military and commercial vehicles, automotive subsystems, robotic systems, armament, weapons, weapon systems, ammunition and explosives. The Marine segment provides turnkey building, repair, and conversion services for a naval and commercial vessel. The Others segment consists of research and development, provision of engineering products and solutions, treasury, investment holding and provision of management, consultancy and other support services. The company was founded in 1967 and is headquartered in Singapore.
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