ST Engineering - OCBC Investment Research 2025-10-07: Defence Is The Best Offence

• ST Engineering's share price has recovered to levels pre-1H25 results release, and is now pushing 52-week highs.

Continued portfolio rationalisation.

• - Read this at SGinvestors.io -
• ST Engineering announced on 1 Sep 2025 that it was divesting its 46.5% equity interest in CityCab to ComfortDelGro. Cash proceeds from the divestment of S$116.3m will be used to pare down debt, which is expected to result in annualised interest expense savings of S$4m (versus ST Engineering’s share of CityCab’s FY24 net profit of S$8.7m). ST Engineering will also record a one-off gain on disposal of S$77.2m.
• - Read this at SGinvestors.io -

Growth story intact but risk-reward profile is starting to look balanced.

• 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/.

Previous report by OCBC:
2025-08-15 ST Engineering - Strong Order Book Momentum.

Price targets by 4 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