ST Engineering Records SG$667 Million Impairment on Unit iDirect Group, Explores Strategic Options

MT Newswires

2025/11/12

ST Engineering (SGX:S63) took a non-cash impairment of $667 million on its subsidiary, iDirect Group, according to a Wednesday filing with the Singapore Exchange.

The value in use of the unit was determined to be SG$170 million as at Sept. 30, down from a carrying amount of SG$837 million, after an assessment.

The impairment was partially offset by gains from recent divestments of around SG$258 million, according to the filing.

ST Engineering said it is evaluating strategic options for iDirect, including potential partnerships or other transactions, to mitigate risks and strengthen the unit's ability to serve customers. No agreement has been reached, and there is no certainty of a deal.

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2582632782"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2582632782\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2582632782?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-12 18:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2582632782","market":"sg","top_or_hot":-1,"title":"ST Engineering Records SG$667 Million Impairment on Unit iDirect Group, Explores Strategic Options","media":"MT Newswires","content":"<html><body><p> ST Engineering (SGX:S63) took a non-cash impairment of $667 million on its subsidiary, iDirect Group, according to a Wednesday filing with the Singapore Exchange.</p><p>The value in use of the unit was determined to be SG$170 million as at Sept. 30, down from a carrying amount of SG$837 million, after an assessment.</p><p>The impairment was partially offset by gains from recent divestments of around SG$258 million, according to the filing.</p><p>ST Engineering said it is evaluating strategic options for iDirect, including potential partnerships or other transactions, to mitigate risks and strengthen the unit's ability to serve customers. No agreement has been reached, and there is no certainty of a deal.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ST Engineering Records SG$667 Million Impairment on Unit iDirect Group, Explores Strategic Options</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nST Engineering Records SG$667 Million Impairment on Unit iDirect Group, Explores Strategic Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2025-11-12 18:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> ST Engineering (SGX:S63) took a non-cash impairment of $667 million on its subsidiary, iDirect Group, according to a Wednesday filing with the Singapore Exchange.</p><p>The value in use of the unit was determined to be SG$170 million as at Sept. 30, down from a carrying amount of SG$837 million, after an assessment.</p><p>The impairment was partially offset by gains from recent divestments of around SG$258 million, according to the filing.</p><p>ST Engineering said it is evaluating strategic options for iDirect, including potential partnerships or other transactions, to mitigate risks and strengthen the unit's ability to serve customers. No agreement has been reached, and there is no certainty of a deal.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGXZ27511609.SGD","symbol_name":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2582632782","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582632782","pubTimestamp":1762944000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"ST Engineering  took a non-cash impairment of $667 million on its subsidiary, iDirect Group, according to a Wednesday filing with the Singapore Exchange.The value in use of the unit was determined to be SG$170 million as at Sept. 30, down from a carrying amount of SG$837 million, after an assessment.The impairment was partially offset by gains from recent divestments of around SG$258 million, according to the filing.ST Engineering said it is evaluating strategic options for iDirect, including potential partnerships or other transactions, to mitigate risks and strengthen the unit's ability to serve customers. No agreement has been reached, and there is no certainty of a deal.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999002406.SGD":"利安新加坡信托基金","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK6094":"航天航空与国防","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","IE00BKZH1Z71.USD":"BNY MELLON ASIAN INCOME \"B\" (USD) ACC","LU0348784397.USD":"ALLIANZ ORIENTAL INCOME \"A\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0072462343.USD":"贝莱德亚洲巨龙基金","SG9999001127.SGD":"United Singapore Growth Fund SGD","BK6523":"ESG概念","LU0348744763.USD":"ALLIANZ ASIA PACIFIC INCOME \"A\" (USD) INC","LU0348783662.USD":"ALLIANZ ORIENTAL INCOME \"A\" (USDHDG) INC","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","LU0348766576.USD":"ALLIANZ LITTLE DRAGONS \"A\" (USD) INC","SG9999002950.SGD":"United Asian Growth Opportunities SGD","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","BK6504":"工业制品概念","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","LU0348767384.USD":"ALLIANZLITTLE DRAGONS \"A\" (USD) ACC","S63.SI":"新科工程","LU0348783233.USD":"安联东方收入型 CI A Dis美元","LU2293587155.HKD":"ALLIANZ ORIENTAL INCOME \"AT\" (HKD) ACC","LU0417516571.SGD":"Allianz Oriental Income Cl AT Acc SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999001051.SGD":"United Asia Fund SGD","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD"},"translate_title":"ST Engineering对子公司iDirect Group计提6.67亿新加坡元减值，探索战略选择","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"S63.SI":0.9},"content_text":"ST Engineering (SGX:S63) took a non-cash impairment of $667 million on its subsidiary, iDirect Group, according to a Wednesday filing with the Singapore Exchange.The value in use of the unit was determined to be SG$170 million as at Sept. 30, down from a carrying amount of SG$837 million, after an assessment.The impairment was partially offset by gains from recent divestments of around SG$258 million, according to the filing.ST Engineering said it is evaluating strategic options for iDirect, including potential partnerships or other transactions, to mitigate risks and strengthen the unit's ability to serve customers. No agreement has been reached, and there is no certainty of a deal.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}