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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.