ST Engineering's Core Net Earnings Expected to See 15%-20% CAGR Over 2024-2026

Dow Jones

Apr 04, 2025

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)

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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 04, 2025 03:03 ET (07:03 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 Core Net Earnings Expected to See 15%-20% CAGR Over 2024-2026</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 Core Net Earnings Expected to See 15%-20% CAGR Over 2024-2026\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\">2025-04-04 15:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 04, 2025 03:03 ET (07:03 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":"S63.SI","symbol_name":"新科工程","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524780502","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524780502","pubTimestamp":1743750180,"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":"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. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"S63.SI":"新科工程"},"translate_title":"ST Engineering的核心净利润预计2024-2026年复合年增长率为15%-20%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"S63.SI":1},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 04, 2025 03:03 ET (07:03 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"}}}