Elevator Pitch
Singapore-listed Singapore Technologies Engineering (OTCPK:SGGKF) (OTCPK:SGGKY) [STE:SP], is a conglomerate with diversified business operations in Aerospace, Electronics, Land Systems, and Marine, which contributed 39%, 32%, 19%, and 9% of its FY2018 revenue respectively.
Singapore Technologies Engineering trades at 20.2 times consensus forward FY2020 P/E, which is on par with its historical five-year average forward P/E of approximately 20.5 times. The stock offers a consensus forward FY2020 dividend yield of approximately 3.8%. The market consensus is expecting a +13% YoY earnings growth for Singapore Technologies Engineering in FY2020, versus a