Building & Engineering
After tolling system contracts, ST Engineering to post 14-17% profit growth
After tolling system contracts, ST Engineering to post 14-17% profit growth
Its strong order book will raise the firm’s earnings growth.
ST Engineering unit bags $1.47b worth of tolling system contracts in New Jersey
The contracts will last beyond 10 years.
SIA Engineering posted higher H1 22/23 profit due to flight recovery
The firm recorded $32.5m net profit in the first half of 2022/2023.
Labour cost inflation to moderate ST Engineering’s P2F business
The firm is experiencing a labour shortage of c.10%.
ST Engineering’s profit to grow up to 17% in 2023-2024: RHB
Thanks to the company’s strong order book.
Keppel units to jointly acquire South Korean waste management firm
The proposed acquisition is expected to be completed in H2 2022.
Keppel Corp’s China property market to recover in medium term
The firm’s interests in June may contribute to the turnaround.
Keppel Infrastructure Trust distributable income drops by 13%
The firm blames the drag to higher trust expenses.
Hongkong Land’s emission reduction targets get SBTi approval
It is the fourth real estate company in Hong Kong that secured approval.
MoM vows to improve measures for workplace safety in construction firms
There have been 27 workplace fatalities in 2022 so far, almost double that of 2019.
Keppel subsidiary starts arbitration for $172.6m claim over Qatar project
This is in connection with the Doha North Sewage Treatment Works project.
ST Engineering revenue rockets to $2b in Q1
Commercial aerospace, urban solutions, and defence segments had growth.
Keppel Corporation revenue grew by 9% YoY in Q1
The firm’s net profit also improved in the first quarter of 2022.
Keppel Infrastructure, NUS partner for smart grid, clean power projects
The partnership also includes educational and training opportunities for students.
Temasek, SP Group to install sustainable cooling solutions in Tampines
The district cooling network will be installed in the first batch of seven buildings.
Keppel Infrastructure Trust’s distributable income down by 21.1%
Its subsidiary, Ixom, posted a 20.7% decline in distribution and storage.
ST Engineering updates $5b multicurrency note programme
It has been turned into the $5b global medium-term note programme.
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