ST Engineering - OCBC Investment Research 2025-02-28: Making Headway With Earnings Growth

• Since our last report “ST Engineering - Well-positioned To Ride On Aerospace & Defense Capex Upcycle” (14 August 2024), ST Engineering has delivered total returns of about 20% compared to the Straits Times Index’s 22% over the same period.

Continues to perform after delivering total returns of 21% in 2023 & 24% in 2024.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

FY24 results within expectations with 20% growth in net profit.

• ST Engineering reported in-line FY24 results, with revenue coming in at S$11.3b, while net profit of S$702.3m was 3% higher than our full year estimate. Revenue was 12% higher compared to FY23, while net profit grew 20%.
• At the segment level,
  • Read more at SGinvestors.io.

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

Read also OCBC's most recent report:
2026-01-21 ST Engineering - Re-rating Story Intact.

Previous report by OCBC:
2025-11-14 ST Engineering - Unlocking Value.

Price targets by 3 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