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

• We expect ST Engineering to end 2024 strongly, and anticipate 2H24 PATMI of S$343m (+12.2% y-o-y, +1.9% h-o-h). ST Engineering it is set to announce full-year results next week. See Earnings Calendar.
• - Read this at SGinvestors.io -

ST Engineering's order wins in 4Q24.

• ST Engineering (SGX:S63) secured ~S$4.3bn worth of new contracts in 4Q24. These comprise
  • - Read this at SGinvestors.io -
  • S$1.7bn (+13% y-o-y, +260% q-o-q) from the Defence & Public Security (DPS) segment, and
  • S$0.7bn (+9% y-o-y, -26% q-o-q) from the Urban Solutions & Satcom (USS) segment.
• This brings its 2024 order wins to ~S$12.5bn (-17% y-o-y).
• Key highlights for each segment order win are:

Commercial Aerospace (CA):

• 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/.

Previous report by RHB:
2025-01-21 ST Engineering - Remaining Positive For 2025; Reiterate BUY.

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