ST Engineering's Recent Share-price Weakness Could be Good Entry Point

Dow Jones
06/29

0226 GMT - Singapore Technologies Engineering's recent share-price weakness could be a good entry point for investors, says RHB Research's Shekhar Jaiswal in a note. The defense engineering company's stock fell around 6% in the past month, which the analyst attributes to global defense companies' valuation consolidating after strong gains rather than a deteriorating demand outlook. ST Engineering's strong earnings visibility and scale benefits keep him bullish on its stock. Rising global military expenditure should support its defense and public security segment, he adds. RHB retains its buy rating and target price of 12.30 Singapore dollars. Shares are down 1.0% at S$10.31, but 23% higher year-to-date. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

June 28, 2026 22:26 ET (02:26 GMT)

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