ST Engrg

ST Engrg: Won abt $166m worth of contracts for its Rail Electronics and Satellite Comms and Sensor solutions in 3Q2012. The first contract was to deliver and install a supervisory control system for Wuxi's metro worth $39m. This will be completed by end of 2014. The 2nd contract was for the supply and maintenance of half height platform screen doors for BTS SkyTrain in Bangkok Thailand. The $13m contract includes 2-yr maintenance services of the doors and will be completed by end of 2013. Other contracts were for supply of Satcom systems to mostly intl customers in 3Q2012. Co current 12 mth yield is approx 4.29%. OCBC maintains Buy with $3.81