ST Engineering's Sale of LeeBoy Aligns With Portfolio Rationalization -- Market Talk

Dow Jones

2025/06/27

0206 GMT - Singapore Technologies Engineering's sale of subsidiary LeeBoy aligns with its portfolio rationalization, RHB Research's Shekhar Jaiswal says in a report. The deal has a small earnings impact and net proceeds of US$246 million will be used to reduce debt, the analyst says. The technology, defense and engineering group's record order book underpins revenue visibility, while catalysts such as increased defense spending should support long-term growth. RHB maintains its buy rating on the stock. However, RHB trims its 2026-2027 earnings estimates for ST Engineering by 2% for each year to reflect the loss of earnings from LeeBoy. RHB lowers the target price to S$8.65 from S$8.90. Shares are unchanged at S$7.87. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 26, 2025 22:06 ET (02:06 GMT)

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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGGKY":"Singapore Technologies Engineering Ltd.","S63.SI":"新科工程","BK4187":"航天航空与国防"},"translate_title":"ST Engineering出售LeeBoy符合投资组合合理化——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SGGKY":0.9,"S63.SI":1},"content_text":"0206 GMT - Singapore Technologies Engineering's sale of subsidiary LeeBoy aligns with its portfolio rationalization, RHB Research's Shekhar Jaiswal says in a report. The deal has a small earnings impact and net proceeds of US$246 million will be used to reduce debt, the analyst says. The technology, defense and engineering group's record order book underpins revenue visibility, while catalysts such as increased defense spending should support long-term growth. RHB maintains its buy rating on the stock. 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