Singapore Technologies Engineering's 2024-2026 profit growth is likely to be strong, RHB Research's Shekhar Jaiswal says in a research report.
Drivers are its commercial aerospace segment, for which growth will probably be facilitated partly by ongoing deliveries of its passenger-to-freighter aircraft, the analyst says.
Also, the technology and engineering group's urban solutions & satcom segment should see the fastest growth in 2023-2026 in terms of EBIT CAGR, supported by turnaround in the satcom business, the analyst adds.
RHB recommends investors keep ST Engineering's stock in their portfolios. RHB has a buy rating and a target price of S$5.20 on the shares, which are 0.6% higher at S$4.71.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。