ST Engineering

ST Engineering - 1st March 2016

ST Engineering reported a set of good result almost comparable to FY2014. EPS of 17.05 cents is comparable to last year 17.06 cents. A dividend of 10 cents being declared for Final + 5 cents interim dividend a total of 15 cents was being declared for FY2015 .Same dividend was being declared for FY2014.

At current price of $2.99 , PE is about 1.5 times is still consider quite a reasonable price to accumulate. The yield is about 5%. Target price of $3.30 which is quite achievable at PE 19.3 times.

From TA point of view ST Engineering had a very nice runaway Gap as reflected on the chart for 29th Feb 2016 with a super Long White Bar. The volume was also very high. This is generally very bullish.

The current price of $2.99 is also staying highly above both SMAs lines which is rather positive.

Also both Macd & Rsi are still trending upwards which may provide a tell tale sign that the share price is more likely to head higher.

Breaking out of $3.05 with good volume that may propel to bring the share price higher towards $3.30..
(trade base on your own decision)