ST Engineering Jumps 3.1%; RHB Keeps ST Engineering At 'Buy' Following $1.4 Billion Taiwan MRT Contract

Edge

04-16

Shekhar Jaiswal of RHB Bank Singapore has reiterated his "buy" call and $7.80 target price for Singapore Technologies Engineering after it won a $1.4 billion contract to provide turnkey rail services for the new Taichung MRT Blue Line in Taiwan.

The 14-year project is set to begin in 2Q25, expanding STE’s strong rail presence in Taiwan.

This latest win adds to the company's already all-time high outstanding order book of $28.5 billion, which provides three years of revenue visibility.

ST Engineering jumps 3.1% at 10:07 am, Apr 16th.

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RHB Keeps ST Engineering At 'Buy' Following $1.4 Billion Taiwan MRT Contract","media":"Edge","content":"<html><head></head><body><p>Shekhar Jaiswal of RHB Bank Singapore has reiterated his &#34;buy&#34; call and $7.80 target price for Singapore Technologies Engineering  after it won a $1.4 billion contract to provide turnkey rail services for the new Taichung MRT Blue Line in Taiwan. </p><p>The 14-year project is set to begin in 2Q25, expanding STE’s strong rail presence in Taiwan.</p><p>This latest win adds to the company&#39;s already all-time high outstanding order book of $28.5 billion, which provides three years of revenue visibility.</p><p> <a href=\"https://laohu8.com/S/S63.SI\">ST Engineering</a> jumps 3.1% at 10:07 am, Apr 16th.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f4ce808bf06ef00c4a5c055153b3d164\" tg-width=\"892\" tg-height=\"640\"/></p><p><br/></p></body></html>","source":"lsy1655096814160","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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call and $7.80 target price for Singapore Technologies Engineering  after it won a $1.4 billion contract to provide turnkey rail services for the new Taichung MRT Blue Line in Taiwan. </p><p>The 14-year project is set to begin in 2Q25, expanding STE’s strong rail presence in Taiwan.</p><p>This latest win adds to the company&#39;s already all-time high outstanding order book of $28.5 billion, which provides three years of revenue visibility.</p><p> <a href=\"https://laohu8.com/S/S63.SI\">ST Engineering</a> jumps 3.1% at 10:07 am, Apr 16th.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f4ce808bf06ef00c4a5c055153b3d164\" tg-width=\"892\" tg-height=\"640\"/></p><p><br/></p></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.theedgesingapore.com/capital/brokers-calls/rhb-keeps-st-engineering-buy-following-14-billion-taiwan-mrt-contract\">Edge</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"S63.SI","symbol_name":"新科工程","start_time":0,"source_url":"https://www.theedgesingapore.com/capital/brokers-calls/rhb-keeps-st-engineering-buy-following-14-billion-taiwan-mrt-contract","article_id":"1193312897","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193312897","pubTimestamp":1744769987,"columns":[],"sourceInfo":{"source_id":"lsy1655096814160","name":"The Edge Singapore"},"weMediaInfo":null,"summary":"Shekhar Jaiswal of RHB Bank Singapore has reiterated his \"buy\" call and $7.80 target price for Singapore Technologies Engineering after it won a $1.4 billion contract to provide turnkey rail services for the new Taichung MRT Blue Line in Taiwan.The 14-year project is set to begin in 2Q25, expanding STE’s strong rail presence in Taiwan.This latest win adds to the company's already all-time high outstanding order book of $28.5 billion, which provides three years of revenue visibility.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"S63.SI":"新科工程"},"translate_title":"ST Engineering上涨3.1%；兴业银行在签订价值14亿美元的台湾捷运合同后维持ST Engineering评级为“买入”","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"S63.SI":1.1},"content_text":"Shekhar Jaiswal of RHB Bank Singapore has reiterated his \"buy\" call and $7.80 target price for Singapore Technologies Engineering  after it won a $1.4 billion contract to provide turnkey rail services for the new Taichung MRT Blue Line in Taiwan. The 14-year project is set to begin in 2Q25, expanding STE’s strong rail presence in Taiwan.This latest win adds to the company's already all-time high outstanding order book of $28.5 billion, which provides three years of revenue visibility. 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