0703 GMT - Singapore Technologies Engineering's core net earnings are expected to see a 15%-20% CAGR over 2024-2026, DBS Group Research's Jason Sum says in a research report. Drivers are capacity expansion and faster cadence of project deliveries across all business segments, the analyst says. Also, ST Engineering's operating margins should strengthen as the company benefits mostly from better pricing, increased operational leverage and productivity gains, the analyst says. Likely higher defence spending in Europe and the Middle East offers upside to ST Engineering's international defence growth trajectory. DBS raises the stock's target price to S$7.50 from S$6.00 with an unchanged buy rating. Shares are 1.0% lower at S$6.68. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 03:03 ET (07:03 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。