ST Engineering's Near-Term Earnings Growth Likely to Remain Strong -- Market Talk

Dow Jones04-08

0642 GMT - ST Engineering's near-term earnings growth is likely to stay strong, thanks to its commercial aerospace segment, RHB Research analyst Shekhar Jaiswal says in a note. The segment may benefit from higher earnings from its maintenance, repair, and overhaul business, the analyst says. This is due to better aviation traffic, higher nacelle sales and improved profits from its passenger-to-freighter conversion business, he adds. RHB keeps a buy rating on the stock, with a target price of S$4.50. The stock was last up 0.25% at S$4.00.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

April 08, 2024 02:42 ET (06:42 GMT)

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