Top Stock Market Highlights of the Week: ST Engineering’s Satellite Writedown, Seatrium’s Order Wins, AMD’s AI Surge and Cisco’s Earnings Beat

The Smart Investor

Nov 15

This week saw contrasting fortunes as Singapore’s engineering giants faced different trajectories, while US tech stocks surged on renewed confidence in artificial intelligence infrastructure spending....

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AMD’s AI Surge and Cisco’s Earnings Beat","media":"The Smart Investor","content":"<div>\n<p>This week saw contrasting fortunes as Singapore’s engineering giants faced different trajectories, while US tech stocks surged on renewed confidence in artificial intelligence infrastructure spending....</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-st-engineerings-satellite-writedown-seatriums-order-wins-amds-ai-surge-and-ciscos-earnings-beat/\">Source Link</a>\n\n</div>\n","source":"thesmartinvestor_highlight","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>Top Stock Market Highlights of the Week: ST Engineering’s Satellite Writedown, Seatrium’s Order Wins, AMD’s AI Surge 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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\">\nTop Stock Market Highlights of the Week: ST Engineering’s Satellite Writedown, Seatrium’s Order Wins, AMD’s AI Surge and Cisco’s Earnings Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-15 07:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-st-engineerings-satellite-writedown-seatriums-order-wins-amds-ai-surge-and-ciscos-earnings-beat/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This week saw contrasting fortunes as Singapore’s engineering giants faced different trajectories, while US tech stocks surged on renewed confidence in artificial intelligence infrastructure spending....</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-st-engineerings-satellite-writedown-seatriums-order-wins-amds-ai-surge-and-ciscos-earnings-beat/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"5E2.SI","symbol_name":"海庭","start_time":0,"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-st-engineerings-satellite-writedown-seatriums-order-wins-amds-ai-surge-and-ciscos-earnings-beat/","article_id":"2583680715","we_media_id":null,"thumbnails":["https://thesmartinvestor.com.sg/wp-content/uploads/2025/11/Top-Stock-Highlights-of-the-Week-5-300x200.png"],"rights":{"source":"thesmartinvestor_highlight","url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-st-engineerings-satellite-writedown-seatriums-order-wins-amds-ai-surge-and-ciscos-earnings-beat/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2583680715","pubTimestamp":1763163000,"columns":[],"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"Singapore’s engineering giants saw mixed fortunes while US tech rallied on strong AI spending, highlighting the week’s key market developments from writedowns to record orders and earnings strength.","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"5E2.SI":"海庭","S63.SI":"新科工程","CSCO":"思科","AMD":"美国超微公司","GFS":"GLOBALFOUNDRIES Inc."},"translate_title":"本周股市亮点：ST Engineering的卫星减记、Seatrium的订单获胜、AMD的人工智能飙升以及思科的盈利超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CSCO":1.5,"5E2.SI":1.5,"GFS":1.5,"AMD":1.5,"S63.SI":1.5},"content_text":"This week saw contrasting fortunes as Singapore’s engineering giants faced different trajectories, while US tech stocks surged on renewed confidence in artificial intelligence infrastructure spending. \n\nFrom significant writedowns to record order books and AI-driven revenue growth, these developments underscore the rapidly evolving landscape across both traditional engineering and cutting-edge technology sectors.\n\nWelcome to this week’s edition of top stock market highlights. \n\nST Engineering’s Satellite Setback\nSingapore Technologies Engineering (SGX: S63) announced a significant S$667 million non-cash impairment on its iDirect satellite communications subsidiary on 12 November 2025, reducing the unit’s carrying value to just S$170 million from S$837 million. \n\nThe massive writedown reflects the rapidly evolving satellite industry, where Non-geostationary Satellite Orbit (NGSO) operators like Starlink and Kuiper are disrupting traditional players. \n\nThese newcomers have deployed over 2,600 and 150 satellites respectively, introducing proprietary ground systems that reduce reliance on third-party equipment providers like iDirect. \n\nRevenue for the unit declined 9% year on year in the first nine months of 2025, while EBITDA fell 22%. \n\nDespite the impairment, partially offset by S$258 million in divestment gains from CityCab, LeeBoy and SPTel, ST Engineering expects to remain profitable for fiscal 2025 and plans to pay a total dividend of S$0.23 per share for the year.\n\nSeatrium’s Order Book Momentum\nOffshore and marine engineering giant Seatrium (SGX: 5E2) maintained strong momentum with its net order book standing at S$16.6 billion in the third quarter of 2025. \n\nThe company continues to eye more new order wins after securing significant contracts throughout the year, including floating production units for major oil companies. \n\nManagement remains optimistic about converting its robust pipeline of opportunities, particularly in the oil and gas sector where customer final investment decisions are progressing despite some delays from geopolitical uncertainties. \n\nThe order book provides revenue visibility through 2031, spanning 25 projects with approximately 34% anchored in renewables and cleaner energy solutions. \n\nSeatrium’s diversified portfolio across traditional offshore projects and green energy initiatives positions it well for sustained growth, with analysts maintaining buy ratings and target prices ranging from S$2.76 to S$3.05 per share.\n\nAMD’s AI Optimism Drives Stock Surge\nAdvanced Micro Devices (NASDAQ: AMD) saw its stock soar 9% on 12 November after CEO Lisa Su dismissed concerns about excessive AI spending, calling it “the right gamble” during a CNBC interview. \n\n\nSu projected AMD’s revenue to grow 35% annually over the next three to five years, driven by what she termed “insatiable” AI chip demand. \n\nThe company’s data centre segment could grow an astounding 60% annually through 2030, with AMD targeting a double-digit market share. \n\nMany of AMD’s hyperscaler customers have increased spending over the past year as AI reaches an inflection point where companies can see tangible returns. \n\nWells Fargo responded by raising its price target to US$345 from US$300, citing AMD’s market share gains in server chips and expanding datacenter GPU presence. \n\nSu emphasised that the pace of AI innovation justifies current investment levels, with the overall AI infrastructure market potentially reaching US$1 trillion by 2030.\n\nCisco Beats on AI Infrastructure Strength\nCisco Systems (NASDAQ: CSCO) shares jumped over 7% in extended trading after reporting fiscal first quarter 2026 results that exceeded expectations. \n\nThe networking giant posted adjusted earnings of US$1 per share versus US$0.98 expected, while revenue rose 8% year on year to US$14.88 billion, beating estimates of US$14.77 billion. \n\nThe standout metric was AI infrastructure orders from hyperscaler customers reaching US$1.3 billion during the quarter, a significant acceleration from US$800 million in the prior quarter. \n\nCEO Chuck Robbins expects to recognise approximately US$3 billion in AI infrastructure revenue from hyperscalers in fiscal 2026, triple the previous year’s US$1 billion. \n\nCisco raised its full-year guidance to US$60.2-61 billion in revenue and US$4.08-4.14 in adjusted earnings per share, both above consensus. \n\nThe company’s new N9100 network switch, built with Nvidia‘s technology and launching in the second half of fiscal 2026, positions Cisco to capture more of the rapidly growing AI infrastructure market.\n\nGenerative AI is reshaping the stock market, but not in the way most investors think. It’s not just about which companies are using AI. It’s about how they’re using it to unlock new revenue, dominate their markets, and quietly reshape the business world. Our latest FREE report “How GenAI is Reshaping the Stock Market” breaks the hype down, so you can invest with greater clarity and confidence. Click here to download your copy today.\n\nFollow us on Facebook, Instagram and Telegram for the latest investing news and analyses!","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}