ST Engineering Has Room to Strengthen Order Book -- Market Talk

Dow Jones03-06

0603 GMT - ST Engineering has room for further strength in its order book, OCBC Investment Research says in a note. The engineering and technology group has made progress in growing its international defense exposure, winning international contracts amounting to S$950 million in 2023, with the Middle East and Eastern Europe as key markets, the equity research team says. There is scope for further order-book strength as the Singapore-listed company pursues opportunities in areas including naval and munitions, the team adds. OCBC raises the stock's fair-value estimate to S$4.60 from S$4.45 with an unchanged buy rating. Shares are 1.0% higher at S$3.96. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 06, 2024 01:03 ET (06:03 GMT)

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There is scope for further order-book strength as the Singapore-listed company pursues opportunities in areas including naval and munitions, the team adds. OCBC raises the stock's fair-value estimate to S$4.60 from S$4.45 with an unchanged buy rating. Shares are 1.0% higher at S$3.96. 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The engineering and technology group has made progress in growing its international ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"BK6504","symbol_name":"工业制品概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2417233621","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2417233621","pubTimestamp":1709704980,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0603 GMT - ST Engineering has room for further strength in its order book, OCBC Investment Research says in a note. The engineering and technology group has made progress in growing its international defense exposure, winning international contracts amounting to S$950 million in 2023, with the Middle East and Eastern Europe as key markets, the equity research team says. There is scope for further order-book strength as the Singapore-listed company pursues opportunities in areas including naval and munitions, the team adds. OCBC raises the stock's fair-value estimate to S$4.60 from S$4.45 with an unchanged buy rating. Shares are 1.0% higher at S$3.96. 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The engineering and technology group has made progress in growing its international defense exposure, winning international contracts amounting to S$950 million in 2023, with the Middle East and Eastern Europe as key markets, the equity research team says. There is scope for further order-book strength as the Singapore-listed company pursues opportunities in areas including naval and munitions, the team adds. OCBC raises the stock's fair-value estimate to S$4.60 from S$4.45 with an unchanged buy rating. Shares are 1.0% higher at S$3.96. 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