ST Engineering Likely to See Stronger Contract Win Momentum in 2H
Dow Jones
Aug 18
0552 GMT - ST Engineering is likely to see stronger contract win momentum in 2H, says UOB Kay Hian's Roy Chen in a note. The company is likely to benefit from secular demand growth across its business segments, he says. The Singapore defense engineering company is guiding for total contract wins to be at least as robust as 2025's 18.7 billion Singapore dollar figure. This implies contract wins of S$11 billion or more in 2H, or an average win per quarter of over S$5.5 billion. This would be stronger than its quarterly contract wins between 4Q 2024 and 1Q this year, he adds. The brokerage maintains its buy rating and S$11.75 target price. Shares are flat at S$11.13.
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.