Companies like Singapore Technologies Engineering (STE) are worth considering due to their double-digit revenue and profit increases, diversified customer base, and 3.5% dividend yield. STE, with businesses in defence, commercial aerospace, and urban solutions, reported strong revenue growth across its divisions, with DPS leading at 18%. The company’s global presence, healthy order book, and focus on high-value activities make it a strong investment option with a “strong buy” rating from analysts and a 3.53% dividend yield.
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Why Wolfspeed Plunged Today
Shares of Wolfspeed (NYSE: WOLF), a silicon carbide chip manufacturer, saw a significant drop of 34.4% following the announcement of its plans to file for Chapter 11 bankruptcy to restructure its substantial debt. This decision follows earlier funding challenges due to the government not providing an anticipated CHIPS Act subsidy, though it seems equity holders may still retain some value in the company. Explain It To Me Like I'm 5: Wolfspeed, a company that makes...
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