ST Engineering - RHB Research 2026-03-25: Execution Strength Supports Higher Target Price; BUY

• ST Engineering (SGX:S63)’s near-term catalysts include sizeable international defence awards, Commercial Aerospace (CA) capacity ramp-up translating into margin expansion, and clearer strategic direction for Satcom.
• - Read this at SGinvestors.io -

EFW Signs Airbus A330 Freighter Conversion Contract With Hong Kong-based APAL

• Elbe Flugzeugwerke (EFW), ST Engineering’s freighter-conversion JV with Airbus, has secured an A330-300 passenger-to-freighter (P2F) contract from Hong Kong-based APAL, with conversion work starting from 2Q26.
• - Read this at SGinvestors.io -
• We view the impact on ST Engineering to be strategically positive for workload visibility and franchise strength, although near-term earnings contribution should be modest given the single-aircraft scope.

Continued execution in higher-value transport systems.

• 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/.

Read also RHB's most recent report:
2026-04-02 ST Engineering - Kuwait Subcontract Adds To Defence Growth Visibility.

Price targets by 5 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