ST Engineering slid 6.3% despite reporting a +19.7% rise in 1H25 net profit (S$402.8m vs S$336.5m YoY). The pullback comes after an 80% YTD rally, leaving investors asking: is this just profit-taking, or is valuation stretched? 🔎 Macro Factors 1. US Tariffs & FX Headwinds — Dragging on margins despite strong topline growth. 2. Global Aerospace Cycle — Strong demand recovery in commercial aerospace supports order book. 3. Defence Spending — Rising geopolitical tensions continue to anchor long-term revenue stability. 📊 Micro Factors & Levels Cureent Price: just above S$8.00 Support Zones: S$7.80 (short-term floor), S$7.50 (major support). Resistance Zones: S$8.40 (near-term cap), S$8.80 (breakout point). Valuation: P/E remains elevated vs historical average, but earnings momentum jus
SG Movers: ST Engineering & iFast 😭 Buy the Dip or Stay Away?
ST Engineering falls 6.3% despite higher first-half profit; stock had surged over 80% year to date. iFast lost 8% on Tuesday as substantial shareholder CP Invest – a subsidiary of Temasek-owned Cuscaden Peak Investments – reduced its stake in the company. The counter was down 11.3 per cent or S$1.11 at S$8.66 as at 9.09 am, after closing at S$9.77 the previous day. It was the biggest drop since Apr 28, with the stock nearly up 20 per cent in the year to date. ------- Is it still overvalued after surging 80% ytd? Or a bargain under sgd 8?
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