Higher rates will support better net interest margins for the bank which will translate into higher net interest income.Singapore Technologies Engineering, or STE, is a technology and engineering group that serves the aerospace, smart city, defence, and public security sectors.For 2022, STE reported a 17.4% year on year jump in revenue to S$9 billion.
A total dividend of S$0.16 was declared for 2022, translating into a trailing dividend yield of 4.3% for STE’s shares. Revenue climbed 37% year on year to RMB 20.7 billion for 2022 while net profit rose 31% year on year to RMB 2.6 billion.As of 23 February 2023, the shipbuilder had an outstanding order book of US$11 billion for 149 vessels.
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