Tuesday, July 15th, 2025

What is the immediate upside for ST Eng(SGX:S63)?

OCBC issued a report stating that ST Engineering (STE) is “underappreciated” by investors.

The report highlights STE’s top earnings growth among FSSTI stocks and its diversified business model operating in industries experiencing recovery and growth. Despite restructuring efforts and extraordinary items affecting earnings, the report suggests that investors have not fully recognized STE’s potential, particularly in FY23.

The report also mentions STE’s margin expansion prospects, with management reaffirming its guidance for the passenger-to-freighter programme and firm delivery pipelines.

STE’s order book is noted as the highest among peers, providing earnings visibility. The report maintains an “Add” recommendation with an unchanged target price of S$4.36, citing steady order book build-up and execution as reasons. Potential risks include a global economic slowdown and labour cost pressures.

Minichart has a buy signal today. Here is the target:

Buy Entry price:$4.03
Target Price:$4.11
Stop Loss Price: $3.89 

Could Gold Reclaim Its Monetary Crown?

Global uncertainty revives old debates about gold’s role in the modern economy As economic tremors ripple through financial systems worldwide, gold is once again gleaming in the spotlight—not just as a safe haven asset,...

Far East Hospitality Trust Positioned for Growth with Strong Corporate Demand and Revamped Offerings

Date of Report: September 30, 2024Broker Name: CGS International Securities Overview of Far East Hospitality Trust (FEHT) Far East Hospitality Trust (FEHT) is highlighted in the report as a key player in Singapore’s hospitality...

AIMS APAC REIT: Strong Rental Reversions Drive Steady DPU Growth | Maybank Analysis

Comprehensive Analysis of AIMS APAC REIT Comprehensive Analysis of AIMS APAC REIT Broker Name: Maybank Research Pte Ltd Date of Report: November 8, 2024 Introduction This report delves into the latest financial and operational...