- ST Engineering (SGX:S63) delivered a strong set of 1H24 results, aided by growth across all business segments. Keep BUY and S$5.00 target price, 10% upside from the current ST Engineering share price and 3.5% yield.
- - Read this at SGinvestors.io -
- We expect ST Engineering’s net debt position to improve while dividends remain steady.
Outlook remains strong.
- - Read this at SGinvestors.io -
- We maintain the right-sizing and cost optimisation exercises for the USS segment undertaken in 2023 should boost EBIT in the coming years.
- We expect growth in the DPS segment to sustain, as the group continues to deliver the orderbook.
Record high orderbook and potential for lower interest costs.
- Read more at SGinvestors.io.
Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2024-08-19
Read also RHB's most recent report:
2024-12-11 ST Engineering - New Contract In A New Market; Reiterate BUY.
Previous report by RHB:
2024-11-28 ST Engineering - Fine-tuning Our Estimates; Reiterate BUY.
Price targets by 4 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
