ST Engineering and Venture Earnings: A Tale of Two Industrial Giants

The Smart Investor02-27 17:30

Market cycles have a funny way of separating the sturdy from the shaky, and the latest results from two of Singapore’s most recognizable blue chips have given us plenty to chew on. Whether you are a...

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Giants\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-27 17:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/st-engineering-and-venture-earnings-a-tale-of-two-industrial-giants/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market cycles have a funny way of separating the sturdy from the shaky, and the latest results from two of Singapore’s most recognizable blue chips have given us plenty to chew on. \n\nWhether you are a...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/st-engineering-and-venture-earnings-a-tale-of-two-industrial-giants/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999003826.SGD","symbol_name":"日兴资管新加坡股息基金 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S63) and Venture Corporation (SGX: V03) navigate very different paths – one riding a massive wave of aerospace demand, while the other leaned on its “fortress” balance sheet to weather a cooling electronics market. \n\nLet’s dive into how these local favorites handled the heat.\n\nST Engineering: Aerospace Tailwinds and Record Backlogs\nSingapore Technologies Engineering Ltd, or STE, demonstrated the sheer power of its diversified engineering engine in its results for the full year of 2025 (FY2025). \n\nOn a base operating performance basis, the group saw revenue climb 9% year on year (YoY) to S$12.3 billion, while its core net profit surged by an impressive 21% to S$850.8 million. \n\nThis growth was primarily fueled by the Commercial Aerospace segment, where operating profit jumped 22% due to a relentless demand for aircraft maintenance and nacelle services. \n\nThe Defence & Public Security arm also pulled its weight with a 14% increase in profitability. \n\nHowever, the reported figures told a more complex story; a S$689 million impairment related to its Satcom business dragged reported net profit down by 34% to S$462.8 million.\n\nDespite these accounting headwinds, the forward-looking metrics are remarkably bullish. \n\nSTE secured a staggering S$18.7 billion in new contracts during the year, representing a 49% leap from the previous year. \n\nThis brings its total order book to a massive S$33.2 billion, providing clear revenue visibility for 2026 and beyond. \n\nInvestors were also treated to a total dividend of S$0.23 per share, bolstered by a special payout. \n\nPerhaps most encouragingly, the group has committed to a new progressive dividend policy starting in 2026, which will link future payout increases directly to a third of its YoY net profit growth, signaling management’s confidence in its 2029 strategic targets.\n\nVenture Corporation: Resilient Margins Amidst a Tech Transition\nVenture Corporation faced a more turbulent environment in FY2025, yet managed to maintain its reputation for operational excellence. \n\nTotal revenue dipped by 7.4% YoY to S$2.53 billion, largely due to a slowdown in the Lifestyle Consumer segment and unfavorable currency fluctuations. \n\nThis top-line pressure trickled down to net profit, which also fell 7.4% to S$227.0 million. \n\n\nHowever, the group’s focus on high-value design and life sciences paid off, allowing gross margins to improve and net margins to hold steady at a healthy 9.0%. \n\nWhile free cash flow halved to S$223.5 million due to higher capital expenditures, the company’s “fortress” balance sheet remained intact, boasting a net cash position of S$1.28 billion with zero debt.\n\nConfidence in this cash-rich position allowed the board to actually raise the total dividend to S$0.80 per share, up from S$0.75 in the prior year. \n\nLooking toward 2026, Venture appears to be turning a corner. \n\nThe group is seeing renewed demand in semiconductor-related equipment and networking, driven by the global build-out of hyperscale data centers. \n\nBy co-developing next-generation products in the consumer space and deepening ties with life science leaders, Venture is positioning itself as a critical partner in an increasingly complex geopolitical landscape. \n\nIts ability to raise dividends during a down year underscores the resilience of its capital-light, high-precision manufacturing model.\n\nGet Smart: Resilience in a Rebounding Market\nFor the investors, these results highlight a crucial lesson: look past the headline noise. \n\nSTE’s reported profit dip hides a core business that is firing on all cylinders with a record backlog. \n\nMeanwhile, Venture’s slight earnings contraction is mitigated by its massive cash pile and rising dividends. \n\nBoth companies are successfully pivoting toward high-growth themes like aerospace recovery and data center expansion. \n\nAs long as these firms continue to prioritize shareholder returns alongside strategic reinvestment, they remain foundational picks for a balanced Singaporean portfolio.\n\nOne Singapore bank has quietly become one of the strongest income engines in the market. Its dividends have grown at 16.6% a year while others were pulling back. That level of consistency can change a retirement plan entirely. Our FREE 2026 Dividend Game Plan explains why this bank keeps lifting payouts and why many long-term investors rely on it for stable income. Download your free copy today.\n\nFollow us on Facebook, Instagram and Telegram for the latest investing news and analyses!\n\nDisclosure: The Smart Investor does not own shares to any companies mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2614836552","isCrawlerRequest":true}