ST Engineering's Earnings Outlook Appears Robust -- Market Talk

Dow Jones

Dec 22, 2025

0244 GMT - ST Emgineering's earnings outlook appears robust, says RHB Research's Shekhar Jaiswal in a report. The technology, defence and engineering group's record order book of S$32.6 billion provides roughly three years of revenue visibility, the analyst says. Net gearing is expected to fall to 81% by end-2027 from 183% in 2024. The restructuring of its aviation asset management into a fund platform could lift assets under management to US$3.5 billion by 2029, the analyst says. Upside could come from stronger international defense orders and lower interest costs. Key risks include the pace of aerospace recovery, margin pressure, delivery delays and acquisitions. RHB maintains a buy rating on the stock and a target price of S$9.40. Shares are up 2.1% at S$8.35. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

December 21, 2025 21:44 ET (02:44 GMT)

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The technology, defence and engineering group's record order book of S$32.6 billion provides roughly three years of revenue visibility, the analyst says. Net gearing is expected to fall to 81% by end-2027 from 183% in 2024. The restructuring of its aviation asset management into a fund platform could lift assets under management to US$3.5 billion by 2029, the analyst says. Upside could come from stronger international defense orders and lower interest costs. Key risks include the pace of aerospace recovery, margin pressure, delivery delays and acquisitions. RHB maintains a buy rating on the stock and a target price of S$9.40. Shares are up 2.1% at S$8.35. (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  December 21, 2025 21:44 ET (02:44 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 Earnings Outlook Appears Robust -- 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 Earnings Outlook Appears Robust -- 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\">2025-12-22 10:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0244 GMT - ST Emgineering's earnings outlook appears robust, says RHB Research's Shekhar Jaiswal in a report. The technology, defence and engineering group's record order book of S$32.6 billion provides roughly three years of revenue visibility, the analyst says. Net gearing is expected to fall to 81% by end-2027 from 183% in 2024. The restructuring of its aviation asset management into a fund platform could lift assets under management to US$3.5 billion by 2029, the analyst says. Upside could come from stronger international defense orders and lower interest costs. Key risks include the pace of aerospace recovery, margin pressure, delivery delays and acquisitions. RHB maintains a buy rating on the stock and a target price of S$9.40. Shares are up 2.1% at S$8.35. (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  December 21, 2025 21:44 ET (02:44 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":"SG9999003461.SGD","symbol_name":"United Asia Pacific Infrastructure SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2593705141","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2593705141","pubTimestamp":1766371440,"columns":[{"name":"Data Report","id":30,"label_key":"dataReport"}],"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":"0244 GMT - ST Emgineering's earnings outlook appears robust, says RHB Research's Shekhar Jaiswal in a report. The technology, defence and engineering group's record order book of S$32.6 billion provides roughly three years of revenue visibility, the analyst says. Net gearing is expected to fall to 81% by end-2027 from 183% in 2024. The restructuring of its aviation asset management into a fund platform could lift assets under management to US$3.5 billion by 2029, the analyst says. Upside could come from stronger international defense orders and lower interest costs. Key risks include the pace of aerospace recovery, margin pressure, delivery delays and acquisitions. RHB maintains a buy rating on the stock and a target price of S$9.40. Shares are up 2.1% at S$8.35. 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The technology, defence and engineering group's record order book of S$32.6 billion provides roughly three years of revenue visibility, the analyst says. Net gearing is expected to fall to 81% by end-2027 from 183% in 2024. The restructuring of its aviation asset management into a fund platform could lift assets under management to US$3.5 billion by 2029, the analyst says. Upside could come from stronger international defense orders and lower interest costs. Key risks include the pace of aerospace recovery, margin pressure, delivery delays and acquisitions. RHB maintains a buy rating on the stock and a target price of S$9.40. Shares are up 2.1% at S$8.35. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 21, 2025 21:44 ET (02:44 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"}}}