- ST Engineering continues to rake up new contract wins. Last week, ST Engineering announced a new S$60m contract win to deliver a smart city platform for Lusail City, Qatar.
- - Read this at SGinvestors.io -
- ST Engineering ought to deliver a 15% profit CAGR and steady dividends during 2023-2026.
Smart city platform for Lusail City.
- - Read this at SGinvestors.io -
- Lusail City's digital backbone will be powered by ST Engineering's AGIL Smart City Operating System or OS, which incorporates artificial intelligence or AI, machine learning, and data analytics.
- While the contact size appears to be small, it will add to the contract wins reported by the USS segment in recent quarters, as well as to ST Engineering's track record of implementing >800 smart city projects in >150 cities worldwide.
- We believe continuing contract wins will remain one of the key re-rating catalysts for the company.
3Q24 business update.
- Read more at SGinvestors.io.
Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2024-10-23
Read also RHB's most recent report:
2024-11-28 ST Engineering - Fine-tuning Our Estimates; Reiterate BUY.
Previous report by RHB:
2024-11-19 ST Engineering - In-line 9M24, Maintain Growth Expectations; Still 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
