- ST Engineering has signed a strategic collaboration agreement with Kazakhstan Paramount Engineering (KPE) to set up a production capability in Kazakhstan for a new 8x8 amphibious multi-purpose armoured vehicle.
- - Read this at SGinvestors.io -
- We remain positive on ST Engineering’s ability to deliver steady and defensive dividends along with a 15% profit CAGR in 2023-2026.
Collaboration of ST Engineering & Kazakhstan Paramount Engineering.
- - Read this at SGinvestors.io -
- As per KPE's website, it is the largest company in Central Asia producing advanced armoured wheeled vehicles. The agreement is the first significant international land platform contract in recent years for ST Engineering’s Land Systems unit, and lines up well with its international defence business strategy of pursuing growth through localisation, in-country operations support, and licensing with industry partners.
- Given the proven capabilities of ST Engineering’s armoured vehicles, the agreement should not only translate into revenues from licensing and sale of components, but also open doors for more collaboration on multiple projects.
Still upbeat on the outlook.
- Read more at SGinvestors.io.
Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2024-12-11
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
