Broker Name: OCBC Group Research
Date of Report: 21 January 2026
Excerpt from OCBC Group Research report.
Report Summary
- ST Engineering Ltd (STE) is well-positioned for growth, benefiting from the global defence spending upcycle, resilient core business performance, and a robust order book, with a fair value estimate raised from SGD9.80 to SGD10.90.
- STE trades at a discount to global aerospace and defence peers despite strong revenue growth, disciplined capital management, and increasing international defence exposure, making it a favoured stock in the current geopolitical environment.
above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC website :
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