ST Engineering's Order Wins Show Sustained Business Momentum -- Market Talk

Dow Jones

Jul 25, 2025

0312 GMT - ST Engineering's 2Q order wins show sustained momentum across all its businesses, RHB Research's Shekhar Jaiswal says in a note. The 2Q new orders worth S$4.7 billion are the highest quarterly sum since 2Q 2023. That brings year-to-date order wins to S$9.2 billion, on track to exceed the S$12.5 billion marked in 2024. Growth is partly driven by tailwinds such as rising global defense spending. He expects 1H revenue of S$6.3 billion and net profit of S$420 million, assuming earnings are evenly spread over the year. The brokerage maintains a buy rating and its target price of S$8.70 on the stock. Shares are 0.7% lower at S$8.80. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 24, 2025 23:12 ET (03:12 GMT)

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The 2Q new orders worth S$4.7 billion are the highest quarterly sum since 2Q 2023. That brings year-to-date order wins to S$9.2 billion, on track to exceed the S$12.5 billion marked in 2024. Growth is partly driven by tailwinds such as rising global defense spending. He expects 1H revenue of S$6.3 billion and net profit of S$420 million, assuming earnings are evenly spread over the year. The brokerage maintains a buy rating and its target price of S$8.70 on the stock. Shares are 0.7% lower at S$8.80. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 24, 2025 23:12 ET (03:12 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 Order Wins Show Sustained Business Momentum -- 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 Order Wins Show Sustained Business Momentum -- 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\">2025-07-25 11:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0312 GMT - <a href=\"https://laohu8.com/S/S63.SI\">ST Engineering</a>'s 2Q order wins show sustained momentum across all its businesses, RHB Research's Shekhar Jaiswal says in a note. The 2Q new orders worth S$4.7 billion are the highest quarterly sum since 2Q 2023. That brings year-to-date order wins to S$9.2 billion, on track to exceed the S$12.5 billion marked in 2024. Growth is partly driven by tailwinds such as rising global defense spending. He expects 1H revenue of S$6.3 billion and net profit of S$420 million, assuming earnings are evenly spread over the year. The brokerage maintains a buy rating and its target price of S$8.70 on the stock. Shares are 0.7% lower at S$8.80. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 24, 2025 23:12 ET (03:12 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":"LU0348766576.USD","symbol_name":"ALLIANZ LITTLE DRAGONS \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2554730013","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2554730013","pubTimestamp":1753413120,"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":"0312 GMT - ST Engineering's 2Q order wins show sustained momentum across all its businesses, RHB Research's Shekhar Jaiswal says in a note. The 2Q new orders worth S$4.7 billion are the highest quarterly sum since 2Q 2023. That brings year-to-date order wins to S$9.2 billion, on track to exceed the S$12.5 billion marked in 2024. Growth is partly driven by tailwinds such as rising global defense spending. He expects 1H revenue of S$6.3 billion and net profit of S$420 million, assuming earnings are evenly spread over the year. The brokerage maintains a buy rating and its target price of S$8.70 on the stock. Shares are 0.7% lower at S$8.80. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0348766576.USD":"ALLIANZ LITTLE DRAGONS \"A\" (USD) INC","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","SGGKY":"Singapore Technologies Engineering Ltd.","LU0348767384.USD":"ALLIANZLITTLE DRAGONS \"A\" (USD) ACC","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","SG9999002406.SGD":"利安新加坡信托基金","SG9999002950.SGD":"United Asian Growth Opportunities SGD","BK6504":"工业制品概念","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0072462343.USD":"贝莱德亚洲巨龙基金","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","BK6523":"ESG概念","S63.SI":"新科工程","SG9999001051.SGD":"United Asia Fund SGD","BK4187":"航天航空与国防","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","SG9999001127.SGD":"United Singapore Growth Fund SGD","IE00BKZH1Z71.USD":"BNY MELLON ASIAN INCOME \"B\" (USD) ACC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","BK6094":"航天航空与国防","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC"},"translate_title":"ST Engineering赢得订单显示持续的业务势头——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SGGKY":0.9,"S63.SI":1},"content_text":"0312 GMT - ST Engineering's 2Q order wins show sustained momentum across all its businesses, RHB Research's Shekhar Jaiswal says in a note. The 2Q new orders worth S$4.7 billion are the highest quarterly sum since 2Q 2023. That brings year-to-date order wins to S$9.2 billion, on track to exceed the S$12.5 billion marked in 2024. Growth is partly driven by tailwinds such as rising global defense spending. He expects 1H revenue of S$6.3 billion and net profit of S$420 million, assuming earnings are evenly spread over the year. The brokerage maintains a buy rating and its target price of S$8.70 on the stock. Shares are 0.7% lower at S$8.80. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 24, 2025 23:12 ET (03:12 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"}}}