STE

STE: Group announced a 1Q13 summary of contracts totalling $151m at its electronics arm, for rail electronics, satellite communications and smart utility projects. $65m for rail electronics, where Group bolstered its recent entry into the Malaysian market for Platform Screen Doors Systems for the Sungai Buloh - Kajang MRT Line in KL, and 2 other contracts for a maintenance system and a passenger information system. In addition, Group also secured other contracts for the US market and in Taiwan for their train systems. $78m for satellite communications & sensors, for the supply of products and network infrastructure including Agilis Very Small Aperture Terminal (VSAT) and earth station equipment, iDirect satellite hubs and routers for e-Government, cellular backhaul and maritime VSAT solutions. $8m for smart utilities, to implement and support a Customer Information System and an Advanced Metering Infrastructure solution. Street has 7 Buys, 6 Holds and 1 Sell on STE, TP of $4.17;