Singapore Technologies Engineering Likely a Defense Proxy Play -- Market Talk

Dow Jones2025-05-14

0602 GMT - Singapore Technologies Engineering is likely a defense proxy play, Nomura analysts say in a research report. They cite increased defense spending budgets in Europe in response to Russia's aggression in Ukraine and Europe's reduced reliance on U.S. military support and need for greater strategic autonomy. Nomura trims its 2025 earnings estimate for the technology, defence and engineering group by 1.3% due to potential U.S. tariffs' impact on its Commercial Aerospace segment. However, the brokerage raises its 2026 and 2027 earnings estimates by 3.2% and 7.5%, respectively, to reflect higher earnings forecast revisions for its Urban Solutions & Satcom and Defence and Public Security segments. Overall, Nomura raises the stock's target price to S$8.90 from S$7.50 and maintains the buy rating. Shares last at S$7.18. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 14, 2025 02:02 ET (06:02 GMT)

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(ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 14, 2025 02:02 ET (06:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1242518857.USD","symbol_name":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535093094","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535093094","pubTimestamp":1747202520,"columns":[],"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":"0602 GMT - Singapore Technologies Engineering is likely a defense proxy play, Nomura analysts say in a research report. 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