* New Data Center on the Horizon: ST Engineering held a groundbreaking ceremony on June 25th for its fourth data center located in Jalan Boon Lay, Singapore. Scheduled for completion in 2026, this new seven-story facility will significantly expand the group's total IT capacity to over 30MW across four locations in Singapore. The data center is built to meet the ever-growing demand for secure and energy-efficient data storage solutions. Notably, the facility will incorporate sustainable features like solar panels, reducing reliance on the grid and aligning with ST Engineering's commitment to environmental responsibility.
* Securing Ammunition Contracts in Europe: ST Engineering's defense capabilities received a boost with successful contract wins in Europe. The company secured ammunition orders exceeding S$100 million in total value from European nations between April and early June. This demonstrates ST Engineering's expertise in ammunition production and its ability to cater to the needs of international clients.
* Institutional Investor Confidence: ST Engineering is also attracting positive attention from institutional investors.A recent article in the Singapore Business Review identified ST Engineering as one of the manufacturing-related stocks receiving substantial institutional investment inflows. This investor confidence reflects the company's strong financial performance and future growth prospects.
These developments showcase ST Engineering's commitment to innovation, global reach, and its ability to adapt to the evolving needs of the market. The company is well-positioned for continued success in the data center, defense, and other key engineering sectors.
Bullish on ST Engineering growth. Do you own due diligence check before invest
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