Excerpt from OCBC Investment Research report.

Report Summary:

• Global markets saw a pullback after a period of record highs, with concerns rising over a potential AI bubble and ongoing political and economic uncertainties.
• ST Engineering Ltd (STE) continues to streamline its portfolio, supported by growth in global defence spending, but current valuations appear stretched, leading to a HOLD rating and a revised fair value estimate.

Above is an excerpt from a report by OCBC Investment Research. Clients of OCBC Investment Research can be the first to access the full report from the OCBC Investment Research website : https://www.ocbc.com/group/investments/research.html