Singapore Defence Industrials - Maybank Research 2026-03-14: St Engineering, Addvalue Tech The Key Beneficiaries

• Global defence spending is on the rise led by Europe, Japan and the Middle East. Singapore is also prepared to step up defence spending. This thematic augurs well for ST Engineering and Addvalue Tech within our coverage, with exposure to defence/cybersecurity and space/drone technologies respectively.

Global defence spending on the rise

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• Overall, with uncertain and fractious geopolitics, higher defence spending may be a structural theme.

Singapore prepared to step up defence spending

• Read more at SGinvestors.io.

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

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