-
ST Engineering (SGX:S63) delivered a 24% year-to-date return and outperformed the STI Index, but corrected 6% over the past month without any change in fundamentals. Investor pushback is likely centred on valuation and near-term underperformance of global defence names, which may reflect valuation consolidation after a strong run rather than a deteriorating demand outlook.
- - Read this at SGinvestors.io -
-
Keep BUY and S$12.30 ST Engineering's target price (18% upside), ~2% yield. Our target price includes a 4% ESG premium.
Leadership changes strengthen execution.
- - Read this at SGinvestors.io -
-
Kevin Chow, formerly Head of Aerostructures and Systems, succeeds Lam as CA President, ensuring leadership continuity. We view the appointments as well aligned with ST Engineering’s growth trajectory.
SIPRI data reinforces Defence & Public Security (DPS) thesis
- 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/.
Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2026-06-29
Previous report by RHB:
2026-05-19 ST Engineering - Strong Start To 2026; Still a Multi-Year Growth Story.
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
