RHB Raises Target Price on ST Engineering to $8.30 on Strong 1QFY2025 Orderbook

Edge2025-05-07

RHB Bank Singapore (RHB) analyst Shekhar Jaiswal is keeping his “buy” call on Singapore Technologies Engineering(ST Engineering) at a raised target price (TP) of $8.30 from $7.80 previously.

He writes in his May 7 report: “We raise our forward target multiples to capture the ongoing strong order wins momentum and the upside risks to our longer-term earnings estimates, which remain below ST Engineering's targeted growth for the FY2024 to FY2029 period.”

In the 1QFY2025, the group secured around $4.5 billion worth of new contracts, with the commercial aerospace (CA) segment sercuring $1.3 billion in maintenance, repair and overhaul (MRO) and systems contracts, which included LEAP engine maintenance and Boeing 787 services.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1112219538?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-07 15:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1112219538","market":"sg","top_or_hot":-1,"title":"RHB Raises Target Price on ST Engineering to $8.30 on Strong 1QFY2025 Orderbook","media":"Edge","content":"<p>RHB Bank Singapore (RHB) analyst Shekhar Jaiswal is keeping his “buy” call on Singapore Technologies Engineering(ST Engineering) at a raised target price (TP) of $8.30 from $7.80 previously.</p><p>He writes in his May 7 report: “We raise our forward target multiples to capture the ongoing strong order wins momentum and the upside risks to our longer-term earnings estimates, which remain below ST Engineering's targeted growth for the FY2024 to FY2029 period.”</p><p>In the 1QFY2025, the group secured around $4.5 billion worth of new contracts, with the commercial aerospace (CA) segment sercuring $1.3 billion in maintenance, repair and overhaul (MRO) and systems contracts, which included LEAP engine maintenance and Boeing 787 services.</p>","source":"lsy1655096814160","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>RHB Raises Target Price on ST Engineering to $8.30 on Strong 1QFY2025 Orderbook</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\">\nRHB Raises Target Price on ST Engineering to $8.30 on Strong 1QFY2025 Orderbook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-05-07 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/brokers-calls/rhb-raises-tp-st-engineering-830-strong-1qfy2025-orderbook><strong>Edge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RHB Bank Singapore (RHB) analyst Shekhar Jaiswal is keeping his “buy” call on Singapore Technologies Engineering(ST Engineering) at a raised target price (TP) of $8.30 from $7.80 previously.He writes ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/brokers-calls/rhb-raises-tp-st-engineering-830-strong-1qfy2025-orderbook\">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":"S63.SI","symbol_name":"新科工程","start_time":0,"source_url":"https://www.theedgesingapore.com/capital/brokers-calls/rhb-raises-tp-st-engineering-830-strong-1qfy2025-orderbook","article_id":"1112219538","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112219538","pubTimestamp":1746603232,"columns":[],"sourceInfo":{"source_id":"lsy1655096814160","name":"The Edge Singapore"},"weMediaInfo":null,"summary":"RHB Bank Singapore  analyst Shekhar Jaiswal is keeping his “buy” call on Singapore Technologies Engineering at a raised target price  of $8.30 from $7.80 previously.He writes in his May 7 report: “We raise our forward target multiples to capture the ongoing strong order wins momentum and the upside risks to our longer-term earnings estimates, which remain below ST Engineering's targeted growth for the FY2024 to FY2029 period.”In the 1QFY2025, the group secured around $4.5 billion worth of new co","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"S63.SI":"新科工程"},"translate_title":"由于2025财年第一季度订单强劲，兴业银行将ST Engineering目标价上调至8.30美元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"S63.SI":1.1},"content_text":"RHB Bank Singapore (RHB) analyst Shekhar Jaiswal is keeping his “buy” call on Singapore Technologies Engineering(ST Engineering) at a raised target price (TP) of $8.30 from $7.80 previously.He writes in his May 7 report: “We raise our forward target multiples to capture the ongoing strong order wins momentum and the upside risks to our longer-term earnings estimates, which remain below ST Engineering's targeted growth for the FY2024 to FY2029 period.”In the 1QFY2025, the group secured around $4.5 billion worth of new contracts, with the commercial aerospace (CA) segment sercuring $1.3 billion in maintenance, repair and overhaul (MRO) and systems contracts, which included LEAP engine maintenance and Boeing 787 services.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1112219538","isCrawlerRequest":true}