Meet ST Engineering's stalwart for 3Q12

This sector's revenue surged 27%.

According to OCBC, overall solid results as expected 3Q12 results were in line with our expectations, with earnings per share of 13.79 S cents (on a fully diluted basis) for 9M12 forming 76% of our FY12F estimate of 18.2 S cents.

Here's more from OCBC:

3Q12 revenue rose 11% YoY to S$1.542b, EBIT climbed 9% YoY to S$167.6m, PBT increased by 11% to S$184.7m and net profit increased by 9% YoY to S$146.4m. Commercials sales formed 65% of total sales in 3Q12, up from the 62% for 3Q11.

Sector performance
Among the four main sectors, Land Systems registered the highest increase in revenue of 27% YoY to S$391m, due to higher project deliveries in Automotive and Munitions & Weaponry.

Electronics' revenue rose 10% YoY to S$341m and PBT improved 11% to S$40.1m. Aerospace's revenue climbed 9% YoY to S$505m; PBT was up 3% to S$85.3m.

Marine saw revenue decline 7% YoY to SS$236m which was mainly due to lower shipbuilding revenue related to lower revenue recognition from contracts. PBT dropped 3% YoY to S$30.4m.

PBT margins for the four main sectors remained flat, at most +1/-1 ppt versus 3Q11's figures. The group maintained the PBT margin of 12% that it had in 3Q11 and 2Q12. STE expects to achieve higher revenue and PBT for FY12 over FY11.

TERREX, U.S. Marine Corps personnel carrier programme
Land Systems (ST Kinetics) has secured a contract through Science Applications International Corporation to supply a TERREX armoured personnel carrier for the demonstration phase of the U.S. Marine Corps Marine Personnel Carrier programme.

The TERREX will be put through a 12-month period of performance trials. There are three others who have been selected for this phase. As of end Sep, STE's order book stood at S$12.5b, of which about S$1.4b is expected to be delivered in 4Q12.

Although the order book represents a slight dip from S$12.7b as of end Jun, it is still at a very healthy level.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. 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