0312 GMT - ST Engineering's 2Q order wins show sustained momentum across all its businesses, RHB Research's Shekhar Jaiswal says in a note. The 2Q new orders worth S$4.7 billion are the highest quarterly sum since 2Q 2023. That brings year-to-date order wins to S$9.2 billion, on track to exceed the S$12.5 billion marked in 2024. Growth is partly driven by tailwinds such as rising global defense spending. He expects 1H revenue of S$6.3 billion and net profit of S$420 million, assuming earnings are evenly spread over the year. The brokerage maintains a buy rating and its target price of S$8.70 on the stock. Shares are 0.7% lower at S$8.80. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
July 24, 2025 23:12 ET (03:12 GMT)
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