ST Engineering's Potential Satellite Business Sale Could Remove Earnings Drag -- Market Talk

Dow Jones

Nov 13, 2025

0237 GMT - ST Engineering's impairment recognition for its satellite communications division is likely to clean the company's slate and set it up for recovery, says DBS Group Research's Jason Sum in a note. The Singapore engineering company is discussing selling or restructuring the business, and any potential sale may serve as a rerating catalyst for ST Engineering's shares, he says. The potential divestment is likely to remove a structural earnings drag and materially enhance its urban solutions segment's margins, he adds. Sum raises his 2026-2027 core earnings estimates by 10.6% and 13.1%, respectively. DBS upgrades its rating on the stock to buy from hold and lifts the target price to S$9.40 from S$8.20. Shares are up 2.8% at S$8.52.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 12, 2025 21:37 ET (02:37 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2583353522"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2583353522\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2583353522?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-13 10:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2583353522","market":"sg","top_or_hot":-1,"title":"ST Engineering's Potential Satellite Business Sale Could Remove Earnings Drag -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0237 GMT - ST Engineering's impairment recognition for its satellite communications division is likely to clean the company's slate and set it up for recovery, says DBS Group Research's Jason Sum in a note. The Singapore engineering company is discussing selling or restructuring the business, and any potential sale may serve as a rerating catalyst for ST Engineering's shares, he says. The potential divestment is likely to remove a structural earnings drag and materially enhance its urban solutions segment's margins, he adds. Sum raises his 2026-2027 core earnings estimates by 10.6% and 13.1%, respectively. DBS upgrades its rating on the stock to buy from hold and lifts the target price to S$9.40 from S$8.20. Shares are up 2.8% at S$8.52.(megan.cheah@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  November 12, 2025 21:37 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 Potential Satellite Business Sale Could Remove Earnings Drag -- 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 Potential Satellite Business Sale Could Remove Earnings Drag -- 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\">2025-11-13 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 - ST Engineering's impairment recognition for its satellite communications division is likely to clean the company's slate and set it up for recovery, says DBS Group Research's Jason Sum in a note. The Singapore engineering company is discussing selling or restructuring the business, and any potential sale may serve as a rerating catalyst for ST Engineering's shares, he says. The potential divestment is likely to remove a structural earnings drag and materially enhance its urban solutions segment's margins, he adds. Sum raises his 2026-2027 core earnings estimates by 10.6% and 13.1%, respectively. DBS upgrades its rating on the stock to buy from hold and lifts the target price to S$9.40 from S$8.20. Shares are up 2.8% at S$8.52.(megan.cheah@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  November 12, 2025 21:37 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":"S63.SI","symbol_name":"新科工程","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2583353522","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583353522","pubTimestamp":1763001420,"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 - ST Engineering's impairment recognition for its satellite communications division is likely to clean the company's slate and set it up for recovery, says DBS Group Research's Jason Sum in a note. The Singapore engineering company is discussing selling or restructuring the business, and any potential sale may serve as a rerating catalyst for ST Engineering's shares, he says. The potential divestment is likely to remove a structural earnings drag and materially enhance its urban solutions segment's margins, he adds. Sum raises his 2026-2027 core earnings estimates by 10.6% and 13.1%, respectively. DBS upgrades its rating on the stock to buy from hold and lifts the target price to S$9.40 from S$8.20. Shares are up 2.8% at S$8.52.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"S63.SI":"新科工程"},"translate_title":"ST Engineering潜在的卫星业务出售可能会消除盈利拖累——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"S63.SI":1.5},"content_text":"0237 GMT - ST Engineering's impairment recognition for its satellite communications division is likely to clean the company's slate and set it up for recovery, says DBS Group Research's Jason Sum in a note. The Singapore engineering company is discussing selling or restructuring the business, and any potential sale may serve as a rerating catalyst for ST Engineering's shares, he says. The potential divestment is likely to remove a structural earnings drag and materially enhance its urban solutions segment's margins, he adds. Sum raises his 2026-2027 core earnings estimates by 10.6% and 13.1%, respectively. DBS upgrades its rating on the stock to buy from hold and lifts the target price to S$9.40 from S$8.20. Shares are up 2.8% at S$8.52.(megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 12, 2025 21:37 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":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}