ST Aerospace shoots hope for earnings growth

It contributes around 33% of the group's revenues.

Despite the slump in ST Engineering's profit for 3Q16, it could look forward for a rebound as its Aerospace segment continues to contribute a bulk in its profits.

According to DBS Vickers Securities, STE's four key business divisions bring diversification benefits, with Aerospace segment contributing 33% of the group's revenues.

"Continued initiatives by ST Aerospace to broaden its capabilities should propel its growth in the longer term," the brokerage firm said.

Included in these initiatives is a partnership with Airbus for passenger-to-freighter conversion of its A320/A321 and A330 jets, marking a diversification of its conversion portfolio.

More so, a continued expansion of its cabin interior service solutions business particularly for VIP aircraft completions in in the works. The segment's expansion of its mid-life aircraft leasing business is also underway.

To recall, STE reported a 42% plunge in net profits to $76.7m. Its Aerospace segment posted higher quarterly revenue of $563m, up 11% year-on-year from $506m, and PBT of $65.2m was comparable to the same quarter last year.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia