Singapore Stock Market News

ST Engineering - More room to flex its muscles

StockFanatic
Publish date: Tue, 01 Apr 2014, 10:29 AM
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Floating drydock at VT Halter Marine
STE has been generating close to 30% ROE while being in >S$500m net cash position

■ After reducing payout ratio, STE can now focus on improving medium-term growth prospects

■ But stock remains undervalued on EVA analysis as market seems to be pricing in less than 2% EVA CAGR for STE over the next 10 years

Maintain BUY rating and S$4.30 TP
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Feler Sed

Post removed.Why?

2014-04-01 17:03

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