Impact of U.S. Tariffs on ST Engineering Likely Limited -- Market Talk

Dow Jones2025-05-13

0317 GMT - The direct financial impact of U.S. tariffs on Singapore Technologies Engineering could be limited despite trade tensions, says Shekhar Jaiswal, head of equity research at RHB Singapore in a note. The technology, defense and engineering group's diversified portfolio continues to offer a competitive edge, he writes. ST Engineering's mitigation measures for the tariffs include diversifying suppliers, establishing alternative service locations, renegotiating terms, and stockpiling critical inventory, he says. The company's management continues to monitor tariff developments closely, he adds. RHB maintains a buy rating on the stock and the target price of S$8.30. Shares last at S$7.13.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

May 12, 2025 23:17 ET (03:17 GMT)

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The technology, defense and engineering group's diversified portfolio continues to offer a competitive edge, he writes. ST Engineering's mitigation measures for the tariffs include diversifying suppliers, establishing alternative service locations, renegotiating terms, and stockpiling critical inventory, he says. The company's management continues to monitor tariff developments closely, he adds. RHB maintains a buy rating on the stock and the target price of S$8.30. 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