08-11-2014, 11:25 PM
(08-11-2014, 07:50 PM)CY09 Wrote: The beauty of ST Engg is that it is tied closely to the fortunes of MINDEF budget. WHile I am not a shareholder, perhaps it is a good question for shareholders to raise at the next AGM. How much of ST engg revenue comes from MINDEF. I wont be surprised if the electronics and marine segment is heavily patronised by MINDEF.
In my reservists, I am constantly bombarded by St engg products; SAR 21, war simulation program, Test set, Armour personnel vehicles etc. As an analyst, the question then is how much can ST engg grow if our defence budget slows down.
Commercial account for 58% of sales.
Of the defence contract, not all are dependable on Mindef, some are generated from US.
In fact, Singapore account for less than half of its revenue
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance