ST Engineering's Stock Value Remains Intact -- Market Talk

Dow Jones
Jan 29

0500 GMT - ST Engineering's stock value remains intact, RHB Research's Shekhar Jaiswal says in a research report. Its stock still trades at a discount to global defense peers even after the strong gains year to date following an 81% rally last year. The analyst's positive view on the stock is backed by factors including the company's record 2025 contract wins and its improving balance sheet after divestments. Macro backdrop is also turning more supportive for international defense, a growth driver for the technology, defense and engineering group. RHB Research raises the stock's target price to S$10.70 from S$9.40 to reflect a rolling of valuation, with an unchanged buy rating. Shares are 0.95% higher at S$9.57. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

January 29, 2026 00:00 ET (05:00 GMT)

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