24 Feb 23 – SG Stocks to watch SINGAPORE TECH ENGINEERING (S63)
Good morning, everyone, an update on 23 Feb 23 SG Stock predicted result. The model has gotten 66.66% accuracy for getting 2 out of 3 stocks correct.
Singapore STI closed 1.06% lower due to worries about the potential for further Federal Reserve tightening and Wall Street saw its largest single-day fall in 2023 overnight.
Here is what my model has predicted for BUY signal for the SG market this morning (24 Feb 23).
We have 1 BUY stock signal today; I would look at $SINGAPORE TECH ENGINEERING LTD(S63.SI)$
Photo: ST Engineering
ST Engineering Commercial Aerospace business and SF Airlines – a cargo carrier affiliated to SF Express – are to set up a commercial airframe maintenance, repair and overhaul (MRO) joint venture in China’s Hubei province.
Photo: Shutterstock
The partnership, which remains subject to regulatory approvals, will operate a greenfield facility at Ezhou Huahu Airport, Hubei’s designated international logistics hub airport.
The facility will serve both Shenzhen-headquartered SF Airlines and other carriers operating in the region, and is expected to open in 2025.
MRO demand in China and the Asia Pacific region is forecast to increase at a compound annual growth rate of 3-7 percent over the next decade according to industry forecasts.
This collaboration with SF Airlines should allow the ST Engineering to capture new opportunities in a high-growth region.
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