Singapore Technologies Engineering (ST Engineering)

Broker's Calls

Brokers' Digest: UOB, Dyna-Mac, Sheng Siong, ST Engineering

Here's what the analysts have to say this week.
RHB ups ST Engineering’s target price for its ‘defensive dividends, strong profit growth’ - THE EDGE SINGAPORE

Broker's Calls

RHB, CGSI up ST Engineering’s target price for its ‘defensive dividends, strong profit growth’

ST Engineering will report its 1HFY2024 results on Aug 14 before the market opens.

Aviation & Engineering

ST Engineering signs agreement with Safran Aircraft Engines for engine repair support

The MRO demand for LEAP engines in the industry continues to grow.
MSCI Singapore index’s uptrend likely to stay intact in next few months: CGS International  - THE EDGE SINGAPORE

Broker's Calls

MSCI Singapore index’s uptrend likely to stay intact in next few months: CGS International

The communications and retail sectors were Singapore’s brightest spots in the month

News

ST Engineering to build a green, secure and AI-ready data centre

When completed in 2026, the facility will have a capacity of 7.5MW, operate at a PUE of 1.25 and meet international standards.
Maybank sees strength in recent order wins for ST Engineering, keeps ‘buy’ and target price unchanged - THE EDGE SINGAPORE

Broker's Calls

Maybank sees strength in recent order wins for ST Engineering, keeps ‘buy’ and target price unchanged

Maybank's Krishna Guha has kept his 'buy' call and target price of $4.30 unchanged as ST Engineering sees small contract wins.
ST Engineering wins over $100 mil worth of contracts for ammunition - THE EDGE SINGAPORE

Contracts

ST Engineering wins over $100 mil worth of contracts for ammunition

Shares in ST Engineering closed 6 cents lower or 1.49% down at $3.98 on June 14.

Results

ST Engineering’s revenue for 1QFY2024 increases by 18% y-o-y to $2.7 bil

An interim dividend of 4 cents per share was declared for the quarter.
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