SINGAPORE TECHNOLOGIES ENGINEERING Reports 13.9% Increase in Revenue for Q2 2023

☀️Earnings Overview

For the fiscal year 2023’s second quarter ending on June 30 2023, SINGAPORE TECHNOLOGIES ENGINEERING ($SGX:S63) reported total revenue of SGD 4863.4 million, a 13.9% increase in comparison to the same quarter from the previous year. Net income for the period was SGD 280.6 million, a slight 0.2% increase from the same period last year. The results were announced on August 10 2023.

Analysis

GoodWhale has conducted an extensive analysis of SINGAPORE TECHNOLOGIES ENGINEERING’s wellbeing and investment rating. According to the Risk Rating, SINGAPORE TECHNOLOGIES ENGINEERING is classified as a medium risk investment in terms of both financial and business aspects. GoodWhale has detected two risk warnings in the income sheet and balance sheet of SINGAPORE TECHNOLOGIES ENGINEERING, and to find out more information about these warnings, users must become a registered user on the GoodWhale platform. The GoodWhale platform also gives users access to more detailed and comprehensive information about SINGAPORE TECHNOLOGIES ENGINEERING’s financials and business operations so that they can make an informed decision about investing in this company. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for S63. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for S63. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for S63. More…

Key Ratios Snapshot

Some of the financial key ratios for S63 are shown below. More…

Peers

The competition in the engineering industry is fierce, especially between Singapore Technologies Engineering Ltd (STEL) and its many competitors. Companies such as CSSC Offshore & Marine Engineering (Group) Co Ltd, Paras Defence And Space Technologies Ltd, and Laxmipati Engineering Works Ltd all strive to out-perform and out-innovate one another to gain the upper hand in the industry. This competition has resulted in a great deal of innovation and progress, pushing all companies involved to be at the forefront of engineering technology.

– CSSC Offshore & Marine Engineering (Group) Co Ltd ($SHSE:600685)

CSSC Offshore & Marine Engineering (Group) Co Ltd is a leading provider of offshore and marine engineering services in China. The company specializes in the design and construction of ships, offshore platforms, drilling rigs, and other related marine engineering products. As of 2022, the company has a market capitalization of 22.33 billion and a return on equity of 1.45%. The company’s market capitalization reflects its large size and its success in competing in the offshore and marine engineering services industry. The return on equity of 1.45% indicates that the company is generating a satisfactory level of return on its investments. CSSC Offshore & Marine Engineering (Group) Co Ltd has consistently delivered strong performance over the years and is well-positioned to capitalize on future growth opportunities in the industry.

– Paras Defence And Space Technologies Ltd ($BSE:543367)

Paras Defence And Space Technologies Ltd is a leading defense and space technology provider based in India. The company is involved in the design, development, and manufacture of electronic systems, subsystems, and components for the defense and aerospace industries. The company has a market capitalization of 24.11B as of 2022 and boasts a Return on Equity of 7.89%. This reflects its strong financial performance, as well as its success in developing innovative and reliable defense and aerospace technology products.

– Laxmipati Engineering Works Ltd ($BSE:537669)

Laxmipati Engineering Works Ltd is an Indian automotive parts manufacturer located in Gujarat. The company specializes in manufacturing a wide range of components for the automotive industry, including exhausts, engine components, chassis components and more. As of 2022, the company has a market capitalization of 207.07M and a return on equity of 39.42%, indicating its strong financial performance. The market cap is a measure of the company’s current market value, while the return on equity is a measure of the company’s profitability. Both of these figures show that Laxmipati Engineering Works Ltd is a successful and profitable company, indicating that it is well positioned to continue its successful operations in the future.

Summary

SINGAPORE TECHNOLOGIES ENGINEERING reported their financial results for the second quarter of the 2023 fiscal year on August 10th. Total revenues were SGD 4863.4 million, an increase of 13.9%. Net income was SGD 280.6 million, a slight increase of 0.2% year over year.

These results indicate that SINGAPORE TECHNOLOGIES ENGINEERING is continuing to experience solid growth and is a viable option for investors looking for a stable and profitable investment. With a steady increase in both revenue and net income, SINGAPORE TECHNOLOGIES ENGINEERING looks well-positioned to continue to provide consistent returns in the future.