- Investors should stay invested for ST Engineering (SGX:S63)’s strong earnings growth. Sentiment towards ST Engineering is likely to stay buoyant with the on-going war in the Middle East.
- - Read this at SGinvestors.io -
- Its strong contract win momentum is expected to sustain, as ST Engineering’s international defence sales gains good traction in Europe and the Middle East. We forecast a 15% core earnings CAGR for STE in 2026-28.
2025 results in line: Strong core earnings growth of 25% y-o-y.
- - Read this at SGinvestors.io -
- higher-than-expected net interest expenses. Headline net profit dropped 34% y-o-y to S$463m due to one-offs (as previously well guided).
Segmental performance: CA beat, USS miss, DPS in line.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Roy Chen CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-03-02
Read also UOB's most recent report:
2026-05-19 ST Engineering 1Q26 - Strong Start To The Year; Record Orderbook & Robust Contract Pipeline Underpin Medium-term Growth.
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
