0342 GMT - ST Engineering's earnings this year are likely to be supported by growth drivers across commercial aerospace and defence, says DBS Group Research's Jason Sum in a note. The commercial aerospace segment is likely to lead growth, thanks to the airframe maintenance, repair and overhaul sub-segment's expansion and rising demand for leading edge aviation propulsion engines, the analyst says. ST Engineering's earnings could benefit from resilient Singapore defence spending and structurally higher international defence budgets, he adds. These growth drivers are likely reinforced by a record order backlog with improving earnings visibility, Sum adds. DBS raises its target price to S$10.20 from S$9.40 and retains its buy rating. Shares rise 1.2% to S$9.37. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
January 13, 2026 22:42 ET (03:42 GMT)
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