ST Engineering's Business Execution Appears Stronger on Near-Term Catalysts -- Market Talk

Dow Jones
03/25

0541 GMT - ST Engineering's medium-term business execution appears to be stronger, RHB Research's Shekhar Jaiswal says in a research report. Near-term catalysts include sizeable international defense awards, its Commercial Aerospace segment's capacity ramp-up translating into margin expansion, and clearer strategic direction for satellite communications, the analyst says. EFW, the company's freighter-conversion joint venture with Airbus, has secured an A330-300 passenger-to-freighter contract from Hong Kong-based Asia Pacific Aviation Leasing Group, the analyst notes. This should be strategically positive for the technology, defense and engineering group's workload visibility and franchise strength. RHB Research raises the stock's target price to S$12.30 from S$11.70 with an unchanged buy rating. Shares are 1.2% higher at S$10.90. (ronnie.harui@wsj.com)

 

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March 25, 2026 01:41 ET (05:41 GMT)

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