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

Dow Jones

Jun 27, 2025

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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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 26, 2025 22:06 ET (02:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ST Engineering's Sale of LeeBoy Aligns With Portfolio Rationalization -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nST Engineering's Sale of LeeBoy Aligns With Portfolio Rationalization -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-27 10:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 26, 2025 22:06 ET (02:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\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":"2546176913","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546176913","pubTimestamp":1750989960,"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":"0206 GMT - Singapore Technologies Engineering's sale of subsidiary LeeBoy aligns with its portfolio rationalization, RHB Research's Shekhar Jaiswal says in a report. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"S63.SI":"新科工程","BK4187":"航天航空与国防","SGGKY":"Singapore Technologies Engineering Ltd."},"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. 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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 26, 2025 22:06 ET (02:06 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}