ST Engineering's Order-Winning Momentum Appears Strong -- Market Talk

Dow Jones2025-05-07

0350 GMT - Singapore Technologies Engineering's order-winning momentum appears strong, RHB Research's Shekhar Jaiswal says in a report. The technology, defense and engineering group secured around S$4.5 billion worth of new contracts in 1Q, the analyst says. Also, Elbe Flugzeugwerke, a joint venture of ST Engineering and Airbus, has partnered with U.A.E.-based Confity Capital Partners to supply multiple Airbus A330 P2F aircraft, targeting India's fast-growing air cargo market, the analyst adds. RHB raises the stock's target price to S$8.30 from S$7.80 to partly capture the fast pace of order wins. It reiterates the buy rating. Shares are 1.1% higher at S$7.57. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 06, 2025 23:50 ET (03:50 GMT)

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RHB raises the stock's target price to S$8.30 from S$7.80 to partly capture the fast pace of order wins. It reiterates the buy rating. Shares are 1.1% higher at S$7.57. 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