ST Engineering - RHB Invest 2024-09-02: New Order Win, Potential Business Opportunity; BUY

• ST Engineering (SGX:S63) won a contract of undisclosed value to provide its enhanced Passenger Information System (PIS) for 65 new 6-car passenger trains in Australia.
• In collaboration with MAN Bus, ST Engineering also launched a single-deck electric bus, which could become one of the options for the Land Transport Authority’s (LTA) plans to have half of Singapore’s 6,000 public buses run on electricity by 2030.

New contract win “Down Under”.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• The contract marks ST Engineering's largest international PIS order win to date. PIS includes the train traveller information system, passenger announcement and communications system, and train-borne wireless system.

New electric bus.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Read also RHB's most recent report:
2025-09-02 ST Engineering - Divests Non-core Stake In CityCabs; Keep BUY.

Previous report by RHB:
2025-08-15 ST Engineering - Record Orderbook & Margins Resilience Drives Growth.

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 Dividend Payout Dates & Corporate Actions,
ST Engineering News