- The 7% correction in ST Engineering's share price since 12 Oct is an opportunity to accumulate ST Engineering – in our view, fundamentally, nothing has changed in terms of its outlook.
- - Read this at SGinvestors.io -
- With 19% profit CAGR during 2022-2025F and defensive yields, we believe ST Engineering should be part of every investor’s portfolio.
Strong earnings growth outlook
- ST Engineering (SGX:S63)'s strong earnings growth outlook will continue to be supported by continued strength in commercial aerospace (CA) and sharp improvements in the urban solutions & satellite communications (USS) segments.
- - Read this at SGinvestors.io -
- The rightsizing exercise and earnings contribution from its TransCore acquisition should support earnings growth for USS.
- The defence and public security (DPS) business should see earnings supported by the gradual delivery of the orderbook.
Debt situation should gradually improve.
- Read more at SGinvestors.io.
Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2023-11-30
Read also RHB's most recent report:
2024-09-02 ST Engineering - New Order Win, Potential Business Opportunity; BUY.
Previous report by RHB:
2024-08-19 ST Engineering - Growth Momentum To Continue; Keep BUY.
Price targets by 5 other brokers at ST Engineering Target Prices.
Listing of research reports at ST Engineering Analyst Reports.
Relevant links:
ST Engineering Share Price History,
ST Engineering Announcements,
ST Engineering Dividends & Corporate Actions,
ST Engineering News Articles