Elevator Pitch
I maintain a Neutral rating on Singapore-listed Singapore Technologies Engineering (OTCPK:SGGKF) (OTCPK:SGGKY) [STE:SP], a conglomerate with diversified business operations in aerospace, electronics, land systems, and marine.
This is an update of my prior article on Singapore Technologies Engineering published on March 5, 2020. Singapore Technologies Engineering's share price has decreased by -22% from S$4.36 as of March 4, 2020 to S$3.41 as of September 10, 2020, since my last update. Singapore Technologies Engineering trades at 19.8 times consensus forward FY 2021 P/E, and it offers a consensus forward FY