ST Engineering's Earnings Growth Momentum Likely to Be Strong This Year -- Market Talk

Dow Jones

Feb 28, 2025

0638 GMT - Singapore Technologies Engineering is set for earnings growth this year, says RHB Research's Shekhar Jaiswal in a research report. The company's international defence business is expected to see robust tailwinds amid elevated geopolitical uncertainty in Europe, the analyst says. Its commercial aerospace segment's margin should widen, driven by higher deliveries of nacelles and passenger-to-freighter converted aircraft, along with increased demand for aviation maintenance services, the analyst says. Its order book stands at S$28.5 billion, providing about three years of revenue visibility. RHB raises the stock's target price to S$5.90 from S$5.20, while maintaining a buy rating. Shares are up 2.7% at S$5.39. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 28, 2025 01:38 ET (06:38 GMT)

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The company's international defence business is expected to see robust tailwinds amid elevated geopolitical uncertainty in Europe, the analyst says. Its commercial aerospace segment's margin should widen, driven by higher deliveries of nacelles and passenger-to-freighter converted aircraft, along with increased demand for aviation maintenance services, the analyst says. Its order book stands at S$28.5 billion, providing about three years of revenue visibility. RHB raises the stock's target price to S$5.90 from S$5.20, while maintaining a buy rating. Shares are up 2.7% at S$5.39. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 28, 2025 01:38 ET (06:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ST Engineering's Earnings Growth Momentum Likely to Be Strong This Year -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nST Engineering's Earnings Growth Momentum Likely to Be Strong This Year -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-28 14:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0638 GMT - Singapore Technologies Engineering is set for earnings growth this year, says RHB Research's Shekhar Jaiswal in a research report. The company's international defence business is expected to see robust tailwinds amid elevated geopolitical uncertainty in Europe, the analyst says. Its commercial aerospace segment's margin should widen, driven by higher deliveries of nacelles and passenger-to-freighter converted aircraft, along with increased demand for aviation maintenance services, the analyst says. Its order book stands at S$28.5 billion, providing about three years of revenue visibility. RHB raises the stock's target price to S$5.90 from S$5.20, while maintaining a buy rating. Shares are up 2.7% at S$5.39. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 28, 2025 01:38 ET (06:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGGKY","symbol_name":"Singapore Technologies Engineering Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514313841","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514313841","pubTimestamp":1740724680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0638 GMT - Singapore Technologies Engineering is set for earnings growth this year, says RHB Research's Shekhar Jaiswal in a research report. The company's international defence business is expected to see robust tailwinds amid elevated geopolitical uncertainty in Europe, the analyst says. Its commercial aerospace segment's margin should widen, driven by higher deliveries of nacelles and passenger-to-freighter converted aircraft, along with increased demand for aviation maintenance services, the analyst says. Its order book stands at S$28.5 billion, providing about three years of revenue visibility. RHB raises the stock's target price to S$5.90 from S$5.20, while maintaining a buy rating. Shares are up 2.7% at S$5.39. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SGGKY":"Singapore Technologies Engineering Ltd.","S63.SI":"新科工程"},"translate_title":"ST Engineering今年盈利增长势头可能强劲——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"S63.SI":1,"SGGKY":0.9},"content_text":"0638 GMT - Singapore Technologies Engineering is set for earnings growth this year, says RHB Research's Shekhar Jaiswal in a research report. The company's international defence business is expected to see robust tailwinds amid elevated geopolitical uncertainty in Europe, the analyst says. Its commercial aerospace segment's margin should widen, driven by higher deliveries of nacelles and passenger-to-freighter converted aircraft, along with increased demand for aviation maintenance services, the analyst says. Its order book stands at S$28.5 billion, providing about three years of revenue visibility. RHB raises the stock's target price to S$5.90 from S$5.20, while maintaining a buy rating. Shares are up 2.7% at S$5.39. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 28, 2025 01:38 ET (06:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}