SUBSCRIBERS

Brokers' take

Published Wed, Sep 18, 2019 · 09:50 PM

ST Engineering I BUY (upgraded) Sept 18 close: S$3.96 Target price: S$4.34 UOB Kay Hian Research, Sept 18

Six months after acquiring Newtec for S$383 million, ST Engineering (STE) has made yet another satellite communications (satcom) acquisition - Glowlink Communications Technology (Glowlink) - via its US subsidiary I-Direct.

Newtec is currently focused on supporting IP-based satellite broadcast for real-time content distribution, and Glowlink's anti-jamming capabilities will likely be integrated to advance Newtec's product offering to customers such as Space X…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here