ST Engineering - DBS Research 2025-03-03: Locked, Loaded & Ready For Takeoff

• Although ST Engineering's share price has continued to outperform in 2025 following a stellar run in 2024, we remain bullish and maintain ST Engineering as our top pick within the Singapore aviation sector.
• - Read this at SGinvestors.io -

FY24 results largely in line, with a surprise dividend increase.

• ST Engineering (SGX:S63) delivered solid FY24 results, with core net profit (excluding satcom divestment, severance costs, and a one-off gain from the US marine business disposal) rising 18% y-o-y to S$702m (consensus: S$702m), driven by robust performances in its Commercial Aerospace (CA) and Defence & Public Security (DPS) segments.
• - Read this at SGinvestors.io -

Revenue rose 11.6% y-o-y to S$11.3bn, meeting expectations.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Previous report by DBS:
2024-11-19 ST Engineering - Defence Takes The Offensive.

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