ST Engineering Likely to Benefit From Second Floating Power Plant Contract -- Market Talk

Dow Jones

Oct 22

0601 GMT - ST Engineering is likely to benefit from its second floating power plant contract, RHB Research's Shekhar Jaiswal says in a research report. Its Marine unit and Siemens Energy have been awarded a contract by Transcontinental Capital to develop 'Estrella del Mar IV' floating power plant, the analyst notes. This contract highlights the Singapore-listed technology, defence and engineering group's ability to monetize its specialised engineering expertise and enhances the quality of its S$31.2 billion order book, the analyst says. While margins were undisclosed, repeat-project learnings and a proven partnership framework should aid execution. RHB Research has a buy rating and a target price of S$9.10 on the shares, which are 2.55% higher at S$8.46. (ronnie.harui@wsj.com)

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October 22, 2025 02:01 ET (06:01 GMT)

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Its Marine unit and Siemens Energy have been awarded a contract by Transcontinental Capital to develop 'Estrella del Mar IV' floating power plant, the analyst notes. This contract highlights the Singapore-listed technology, defence and engineering group's ability to monetize its specialised engineering expertise and enhances the quality of its S$31.2 billion order book, the analyst says. While margins were undisclosed, repeat-project learnings and a proven partnership framework should aid execution. RHB Research has a buy rating and a target price of S$9.10 on the shares, which are 2.55% higher at S$8.46. 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Its Marine unit and Siemens Energy have been awarded a contract by Transcontinental Capital to develop 'Estrella del Mar IV' floating power plant, the analyst notes. This contract highlights the Singapore-listed technology, defence and engineering group's ability to monetize its specialised engineering expertise and enhances the quality of its S$31.2 billion order book, the analyst says. While margins were undisclosed, repeat-project learnings and a proven partnership framework should aid execution. RHB Research has a buy rating and a target price of S$9.10 on the shares, which are 2.55% higher at S$8.46. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 22, 2025 02:01 ET (06:01 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":"LU0348744763.USD","symbol_name":"ALLIANZ ASIA PACIFIC INCOME \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2577033222","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577033222","pubTimestamp":1761112860,"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":"0601 GMT - ST Engineering is likely to benefit from its second floating power plant contract, RHB Research's Shekhar Jaiswal says in a research report. Its Marine unit and Siemens Energy have been awarded a contract by Transcontinental Capital to develop 'Estrella del Mar IV' floating power plant, the analyst notes. This contract highlights the Singapore-listed technology, defence and engineering group's ability to monetize its specialised engineering expertise and enhances the quality of its S$31.2 billion order book, the analyst says. While margins were undisclosed, repeat-project learnings and a proven partnership framework should aid execution. RHB Research has a buy rating and a target price of S$9.10 on the shares, which are 2.55% higher at S$8.46. 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Its Marine unit and Siemens Energy have been awarded a contract by Transcontinental Capital to develop 'Estrella del Mar IV' floating power plant, the analyst notes. This contract highlights the Singapore-listed technology, defence and engineering group's ability to monetize its specialised engineering expertise and enhances the quality of its S$31.2 billion order book, the analyst says. While margins were undisclosed, repeat-project learnings and a proven partnership framework should aid execution. RHB Research has a buy rating and a target price of S$9.10 on the shares, which are 2.55% higher at S$8.46. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 22, 2025 02:01 ET (06:01 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":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}