ST Engineering - DBS Research 2025-04-04: New Era Of Growth Calls For A Valuation Rethink

• Historical valuation benchmarks no longer do justice to ST Engineering’s higher growth trajectory; notable PEG discount and earnings visibility justify.
• ST Engineering has significantly exceeded its 2021 Investor Day targets, meeting several of its 2026 objectives two to three years ahead of schedule, underscoring the strength of its execution.
• - Read this at SGinvestors.io -
• While the group has guided for healthy top-line growth across all segments, we are excited about the group’s high-single-digit revenue guidance for the defence and public security segment, which enjoys the highest margins.

We are also encouraged by ST Engineering’s emphasis on cost control.

• - Read this at SGinvestors.io -

The only less positive update is the group’s new dividend policy:

• 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:
2025-03-03 ST Engineering - Locked, Loaded & Ready For Takeoff.

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