Broker Name: Not explicitly stated in the document (inferred: likely a major financial institution or brokerage covering Singapore equities)

Date of Report: After 30 September 2025 (based on order book data and forward-looking commentary)

Excerpt from {broker} report.

• Report Summary
• ST Engineering (STE) reported a record order book of S\$32.6B as of 30 Sep 2025, with strong contract wins and high revenue visibility supporting growth across all segments.
• The company is benefiting from a recovery in commercial aerospace, while also delivering robust dividend payouts and capital returns to shareholders, backed by portfolio divestments and a clear dividend policy linked to profit growth.

Above is an excerpt from a report by {broker}. Clients of {broker} can be the first to access the full report from the {broker} website : {website}