0803 GMT - Singapore Technologies Engineering's order wins are poised to support growth beyond 2024, RHB Research's Shekhar Jaiswal says in a research report. Earlier this month, the technology and engineering group unveiled a strong S$4.3 billion of orders won for 4Q 2024, the analyst notes. This winning streak has persisted in 2025, as its commercial aerospace business has recently secured maintenance, repair and overhaul contracts for aircraft engines with two major Middle Eastern operators, the analyst says. The company's earnings outlook remains positive, says RHB, which expects CAGR of roughly 15% for 2023-2026. RHB has a buy rating and target price of S$5.20 on the shares, which are 1.2% higher at S$5.06. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 18, 2025 03:03 ET (08:03 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。