Singapore Technologies Engineering (SGX:S63) H1 2024 results

Key financial results

• Revenue: S$5.52 billion (up 14% from H1 2023).

• Net profit: S$336.5 million (up 20% from H1 2023).

• Profit margin: 6.1% (compared to 5.8% in H1 2023). The increase in margin is due to higher sales.

• Earnings per share: S$0.11 (compared to S$0.09 in H1 2023).

All figures shown in the graph above refer to the last 12 months (TTM)

Insights into Singapore Technologies Engineering’s earnings

Average sales growth of 6.3% per annum is expected for the next three years. In contrast, growth of 15% is forecast for the aerospace and defense industry in Asia.

Development of the market in Singapore.

The company’s shares rose 8.1% compared to the previous week.

Risk analysis

Before we conclude, we found out 2 warning signs for Singapore Technologies Engineering (1 is a bit worrying!) that you should know about.

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