0436 GMT - Singapore Technologies Engineering is projected to post strong 2H earnings, say CGS International analysts in a note. The engineering and technology group's 2H revenue is expected to be S$5.9 billion, up 13% on year, they write. Key drivers include its commercial aerospace segment, which is likely to see healthy growth due to higher maintenance, repair and operations, they say. The company also reported solid 4Q order wins of S$4.3 billion, they note. CGS International expects ST Engineering to report quarterly order wins two to three weeks before its earnings results are due later this month to give investors more insight into its operations. The brokerage maintains an add rating on the stock and a target price of S$5.30. Shares are currently at S$5.03. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 23:36 ET (04:36 GMT)
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