ST Engineering on Track to Beat 2025's Record Contract Wins -- Market Talk

Dow Jones
04/29

0215 GMT - Singapore Technologies Engineering's strong 1Q contract-win momentum puts the company on track to exceed the annual record set in 2025, RHB Research's Shekhar Jaiswal says in a note. The technology, defense and engineering company secured new contracts totaling S$4.8 billion in 1Q, topping S$4 billion for the sixth straight quarter, he notes. If the momentum continues, it would exceed 2025's record contract wins of S$18.7 billion. RHB maintains its buy rating and target price of S$12.30. Shares are last 1.1% higher at S$10.75. (amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

April 28, 2026 22:15 ET (02:15 GMT)

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