Singapore Technologies Engineering offers good growth visibility thanks to its strong orderbook, says UOB Kay Hian analyst Roy Chen in a note.
The technology, defense and engineering group's orderbook was S$28.5 billion at end-2024, Chen writes.
The company expects to deliver about S$8.8 billion worth of orders this year.
UOB KH raises the company's 2025 and 2026 earnings forecasts by 9.8% and 11.2% respectively, to reflect factors including a higher revenue projection backed by its strong orderbook.
It also raises the stock's target price to S$5.55 from S$4.95 and keeps a buy rating. Shares are up 0.7% at S$5.91.
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