ST Engineering Just Won S$2.9 Billion in Contracts. Its Dividend Still Fails My Floor. 🦖

The Investing Iguana

ST Engineering Just Won S$2.9 Billion in Contracts. Its Dividend Still Fails My Floor. 🦖

🔍 The Angle

The surprising part is not ST Engineering’s S$2.9 billion contract win. It is that a business can have a healthy order book, net debt at 2.77 times earnings, and interest coverage at 5.77 times, yet still fail the income test. I see a clear gap between business quality and dividend usefulness.

💰 What It Means For You

For a CPF, SRS, or dividend portfolio, the ordinary payout at around S$10.08 provides only about 1.6 percent income. That sits below my 3.2 percent Forensic Floor and well short of the 4.7 percent yield hurdle. Thursday’s results will show whether the payout picture receives a meaningful update.

📺 YouTube: https://youtu.be/zGlMbQGRvzA

📩 Substack: https://investingiguana.com/p/st-engineering-just-won-s29-billion

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Its Dividend Still Fails My Floor. 🦖","html":"<html><head></head><body><p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e587fdb804f447e08545ff40c3f8b571\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p><strong>ST Engineering Just Won S$2.9 Billion in Contracts. Its Dividend Still Fails My Floor. 🦖</strong></p>\n<p>🔍 The Angle</p>\n<p>The surprising part is not ST Engineering’s S$2.9 billion contract win. It is that a business can have a healthy order book, net debt at 2.77 times earnings, and interest coverage at 5.77 times, yet still fail the income test. I see a clear gap between business quality and dividend usefulness.</p>\n<p>💰 What It Means For You</p>\n<p>For a CPF, SRS, or dividend portfolio, the ordinary payout at around S$10.08 provides only about 1.6 percent income. That sits below my 3.2 percent Forensic Floor and well short of the 4.7 percent yield hurdle. Thursday’s results will show whether the payout picture receives a meaningful update.</p>\n<p>📺 YouTube: https://youtu.be/zGlMbQGRvzA</p>\n<p>📩 Substack: https://investingiguana.com/p/st-engineering-just-won-s29-billion</p></body></html>","htmlText":"<html><head></head><body><p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e587fdb804f447e08545ff40c3f8b571\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p><strong>ST Engineering Just Won S$2.9 Billion in Contracts. Its Dividend Still Fails My Floor. 🦖</strong></p>\n<p>🔍 The Angle</p>\n<p>The surprising part is not ST Engineering’s S$2.9 billion contract win. It is that a business can have a healthy order book, net debt at 2.77 times earnings, and interest coverage at 5.77 times, yet still fail the income test. I see a clear gap between business quality and dividend usefulness.</p>\n<p>💰 What It Means For You</p>\n<p>For a CPF, SRS, or dividend portfolio, the ordinary payout at around S$10.08 provides only about 1.6 percent income. That sits below my 3.2 percent Forensic Floor and well short of the 4.7 percent yield hurdle. Thursday’s results will show whether the payout picture receives a meaningful update.</p>\n<p>📺 YouTube: https://youtu.be/zGlMbQGRvzA</p>\n<p>📩 Substack: https://investingiguana.com/p/st-engineering-just-won-s29-billion</p></body></html>","text":"ST Engineering Just Won S$2.9 Billion in Contracts. Its Dividend Still Fails My Floor. 🦖 🔍 The Angle The surprising part is not ST Engineering’s S$2.9 billion contract win. It is that a business can have a healthy order book, net debt at 2.77 times earnings, and interest coverage at 5.77 times, yet still fail the income test. I see a clear gap between business quality and dividend usefulness. 💰 What It Means For You For a CPF, SRS, or dividend portfolio, the ordinary payout at around S$10.08 provides only about 1.6 percent income. That sits below my 3.2 percent Forensic Floor and well short of the 4.7 percent yield hurdle. Thursday’s results will show whether the payout picture receives a meaningful update. 📺 YouTube: https://youtu.be/zGlMbQGRvzA 📩 Substack: https://investingiguana.com/p/st-engineering-just-won-s29-billion","highlighted":1,"essential":1,"paper":2,"likeSize":2,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/595534700695560","repostId":0,"isVote":1,"tweetType":1,"viewCount":43,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":711,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/595534700695560"}