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Market UpdatesSingapore SGX stocks

Singapore Technologies Engineering Ltd (STE) Stock Analysis: Uptrend Intact, Technical Buy Signals & Positive Outlook – October 2025 2

Posted on October 3, 2025 at 10:29 am (GMT+8)

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Broker Name: CGS International
Date of Report: October 3, 2025

Excerpt from CGS International report.

  • ST Engineering Ltd (STE) remains in a strong uptrend, with bullish technical indicators supporting further upside; key target prices are set up to S\$14.09.
  • Keppel Ltd’s Bifrost subsea cable is now ready for service, strengthening Singapore’s position as a regional digital hub and expected to positively impact Keppel’s share price.
  • The report contains technical analysis, company updates, and outlines the investment rating system used by CGS International, with 70.6% of covered stocks rated as “Add”.

Report Summary

  • ST Engineering Ltd is experiencing a continued bullish trend, supported by positive technical signals and healthy trading volume, with multiple upside targets identified.
  • Keppel Ltd’s Bifrost cable launch is a significant milestone, anticipated to boost both the company and Singapore’s status in digital infrastructure.

Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website: https://www.cgs-cimb.com/

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