0842 GMT - Singapore Technologies Engineering's latest order figures strengthens its growth and margin outlook, says DBS Group Research in commentary. The Singapore engineering group's 2025 contract wins reached S$18.7 billion, and the DBS analysts estimate the order backlog will rise to S$34 billion. They note defense-sector contracts are leading orders, which is positive for margins, given that defense contracts typically boasts low-teens margins, compared with single-digit margins across the other segments. These support DBS's projection of high-single-digit revenue growth over 2025-2027. DBS maintains its buy rating and S$10.20 target price. Shares rise 0.3% to S$9.47. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
January 28, 2026 03:42 ET (08:42 GMT)
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