ST Engineering (STE) announced its 3Q19 earnings before market hours on 11 November. While its top-line was a strong 27% YoY growth, STE’s net profit only registered a dismal 3% YoY growth. This was due to a one-off provision for its Marine’s division arbitration outcome. Excluding that negative impact, earnings would have grown by 12% … Read more
Day: November 11, 2019
How much should one have in retirement savings when it is finally the time to leave the rat race? Based on my calculation, a 30-year old will need approx. S$1.5m when he/she retires at the Age of 65. What! Are you kidding me? Before I delve into my STEP-by-STEP guide towards getting that magic retirement … Read more