Singapore Technologies Engineering Limited
SIN:S63 ISIN:SG1R50925390
Singapore Technologies Engineering Ltd. (SIN:S63) is engaged in the provision of engineering and related services. The Company operates in four segments: Aerospace, Electronics, Land Systems and Marine. Aerospace segment provides maintenance and engineering services which include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services, and aviation materials and management services. Electronics segment specializes in the design, development and integration of advanced electronics and communications systems, such as broadband radio frequency and satellite communication, e-Government solutions, information communications technologies and information technology. Land Systems delivers integrated land systems, specialty vehicles and their related through life support for defense, homeland security and commercial applications. Marine provides turnkey building, repair and conversion services for a spectrum of naval and commercial vessels.
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Most Asian markets fell Thursday as investors took profit from recent rallies. Resources shares declined across the region after news that International Monetary Fund plans to sell 191.3 metric tons of gold on open markets. Hong Kong's Hang Seng Index lost 0.5 per cent and South Korea's Kospi fell 0.4 per cent. However, Japan's Nikkei stock average rose 0.3 per cent while the Bank of Japan left its interest rate at 0.1%. China, Taiwan and Vietnam markets remained closing on Friday.
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