ST Engineering

ST Engineering: Aerospace unit secured a total of $480m worth of deals in 1Q13. The contracts are for airframe, component and engine maintenance, as well as engineering and development, which will be carried out through its global maintenance, repair and overhaul (MRO) network. Aerospace unit is the largest and most profitable segment, contributing $2.0b of revenue in 2012 out of grp's total $6.4b. Street has 7 Buys, 6 Holds, 1 Sell- TP of $4.17; ST Engineering currently trades at 23.2x P/E, dividend yield of 1.6%; Group's results estimated to be out 9 May 2013;