ST Engineering Expected to Secure More Defense Contracts This Year -- Market Talk

Dow Jones03-03 10:19

0219 GMT - Singapore Technologies Engineering could win more defense contracts this year, says Morningstar's Lorraine Tan in a note. The company expects to double its new international defense contract wins to over S$1.2 billion in 2026, she notes. The director reckons the number of average defense segment contract wins could grow 13% over 2026-2030. The defense engineering group's commercial airspace segment margin is also likely to expand on operating leverage and cost containment, she adds. She raise her earnings forecast by an average 26% over 2027-2034, citing ST Engineering's higher orderbook and margin improvement. Morningstar also raises its fair-value estimate by 26% to S$10.80. Shares rise 6.5% to S$10.92. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 02, 2026 21:19 ET (02:19 GMT)

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The defense engineering group's commercial airspace segment margin is also likely to expand on operating leverage and cost containment, she adds. She raise her earnings forecast by an average 26% over 2027-2034, citing ST Engineering's higher orderbook and margin improvement. Morningstar also raises its fair-value estimate by 26% to S$10.80. Shares rise 6.5% to S$10.92. 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The company expects to double its new international defense contract wins to over S$1.2 billion in 2026, she notes. The director reckons the number of average defense segment contract wins could grow 13% over 2026-2030. The defense engineering group's commercial airspace segment margin is also likely to expand on operating leverage and cost containment, she adds. She raise her earnings forecast by an average 26% over 2027-2034, citing ST Engineering's higher orderbook and margin improvement. Morningstar also raises its fair-value estimate by 26% to S$10.80. Shares rise 6.5% to S$10.92. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 02, 2026 21:19 ET (02:19 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"SG9999000475.SGD","symbol_name":"Aberdeen Standard Singapore Equity SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2616399565","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2616399565","pubTimestamp":1772504340,"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":"0219 GMT - Singapore Technologies Engineering could win more defense contracts this year, says Morningstar's Lorraine Tan in a note. 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