ST Engineering's Potential Satellite Business Sale Could Remove Earnings Drag -- Market Talk

Dow Jones

2025/11/13

0237 GMT - ST Engineering's impairment recognition for its satellite communications division is likely to clean the company's slate and set it up for recovery, says DBS Group Research's Jason Sum in a note. The Singapore engineering company is discussing selling or restructuring the business, and any potential sale may serve as a rerating catalyst for ST Engineering's shares, he says. The potential divestment is likely to remove a structural earnings drag and materially enhance its urban solutions segment's margins, he adds. Sum raises his 2026-2027 core earnings estimates by 10.6% and 13.1%, respectively. DBS upgrades its rating on the stock to buy from hold and lifts the target price to S$9.40 from S$8.20. Shares are up 2.8% at S$8.52.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 12, 2025 21:37 ET (02:37 GMT)

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Shares are up 2.8% at S$8.52.(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2025 21:37 ET (02:37 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\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://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2583353522","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583353522","pubTimestamp":1763001420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0237 GMT - ST Engineering's impairment recognition for its satellite communications division is likely to clean the company's slate and set it up for recovery, says DBS Group Research's Jason Sum in a note. 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