ST Engineering's New-Order Wins Show a Healthy Gain -- Market Talk

Dow Jones

Jul 24, 2025

0237 GMT - Defence group ST Engineering's 2Q order wins gained 54% on year, says Citi's Luis Hilado in a note. Although new orders for its defense and public security division likely fell in 2Q from a quarter earlier, this was offset by an increase in the urban solutions and satellite communications segment. That said, he expects order win volatility across quarters, as projects are dependent on client timing. He estimates that urban solutions and satellite communications' 1H new orders likely more than doubled from six months earlier, and this segment should be the largest contributor to ST Engineering's 1H wins. Citi has a neutral rating and S$8.40 target price on the stock, which is up 6.65% at S$8.82. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 23, 2025 22:37 ET (02:37 GMT)

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Although new orders for its defense and public security division likely fell in 2Q from a quarter earlier, this was offset by an increase in the urban solutions and satellite communications segment. That said, he expects order win volatility across quarters, as projects are dependent on client timing. He estimates that urban solutions and satellite communications' 1H new orders likely more than doubled from six months earlier, and this segment should be the largest contributor to ST Engineering's 1H wins. Citi has a neutral rating and S$8.40 target price on the stock, which is up 6.65% at S$8.82. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 23, 2025 22:37 ET (02:37 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 New-Order Wins Show a Healthy Gain -- 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 New-Order Wins Show a Healthy Gain -- 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\">2025-07-24 10:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0237 GMT - Defence group <a href=\"https://laohu8.com/S/S63.SI\">ST Engineering</a>'s 2Q order wins gained 54% on year, says Citi's Luis Hilado in a note. Although new orders for its defense and public security division likely fell in 2Q from a quarter earlier, this was offset by an increase in the urban solutions and satellite communications segment. That said, he expects order win volatility across quarters, as projects are dependent on client timing. He estimates that urban solutions and satellite communications' 1H new orders likely more than doubled from six months earlier, and this segment should be the largest contributor to ST Engineering's 1H wins. Citi has a neutral rating and S$8.40 target price on the stock, which is up 6.65% at S$8.82. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 23, 2025 22:37 ET (02:37 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":"SGGKY","symbol_name":"Singapore Technologies Engineering Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2553220896","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553220896","pubTimestamp":1753324620,"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 - Defence group ST Engineering's 2Q order wins gained 54% on year, says Citi's Luis Hilado in a note. Although new orders for its defense and public security division likely fell in 2Q from a quarter earlier, this was offset by an increase in the urban solutions and satellite communications segment. That said, he expects order win volatility across quarters, as projects are dependent on client timing. He estimates that urban solutions and satellite communications' 1H new orders likely more than doubled from six months earlier, and this segment should be the largest contributor to ST Engineering's 1H wins. Citi has a neutral rating and S$8.40 target price on the stock, which is up 6.65% at S$8.82. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGGKY":"Singapore Technologies Engineering Ltd.","BK4187":"航天航空与国防","S63.SI":"新科工程"},"translate_title":"ST Engineering赢得新订单显示健康收益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"S63.SI":1,"SGGKY":0.9},"content_text":"0237 GMT - Defence group ST Engineering's 2Q order wins gained 54% on year, says Citi's Luis Hilado in a note. Although new orders for its defense and public security division likely fell in 2Q from a quarter earlier, this was offset by an increase in the urban solutions and satellite communications segment. That said, he expects order win volatility across quarters, as projects are dependent on client timing. He estimates that urban solutions and satellite communications' 1H new orders likely more than doubled from six months earlier, and this segment should be the largest contributor to ST Engineering's 1H wins. Citi has a neutral rating and S$8.40 target price on the stock, which is up 6.65% at S$8.82. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 23, 2025 22:37 ET (02:37 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":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}