0209 GMT - Singapore Technologies Engineering's outlook appears positive to DBS Group Research, given that the impact of the Middle East conflict on its commercial aerospace segment remains limited. The defense-engineering company's commercial aerospace revenue rose 15% on year in 1Q. The segment will continue to benefit from scarce hangar and engine slots as new-generation engine maintenance, repair and overhaul demand increases, says analyst Jason Sum in a note. DBS Group Research has a buy rating on the stock with a target price of S$12.40. Shares are 1.1% higher at S$10.48. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
May 17, 2026 22:09 ET (02:09 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.