ST Engineering - RHB Research 2025-01-21: Remaining Positive For 2025; Reiterate BUY

• ST Engineering announced a new shipbuilding contract win for the design and construction of a Walk-to-Work (W2W) vessel.
• Although the value of the contract was not disclosed, this marks ST Engineering’s expansion into the market for specialised vessels supporting offshore operations.
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New contract details.

• The new shipbuilding contract for a leading oil & gas company is for a 97-metre W2W vessel, which will be able to accommodate 106 persons. The vessel will feature an advanced motion-compensated gangway to ensure safe personnel transfers in varying sea conditions and a 10-tonne crane with active heave compensation for more effective load handling in rough seas.
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Expecting a strong end to 2024.

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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:
2025-02-18 ST Engineering - Order Wins To Support Growth Beyond 2024.

Price targets by 6 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