Type a stock name or symbol, then select from the suggestions.
Posted on March 26, 2024 at 11:52 am (GMT+8)
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:$4.03Target Price:$4.11Stop Loss Price: $3.89
As we approach the end of the year, it’s an opportune time to consider investing in select penny stocks before companies announce their year-end results. Here are some recommendations: Penguin International (SGX: BTM) Penguin...
CGS International August 21, 2025 BRC Asia Ltd: Riding Singapore’s Construction Boom with Strong Market Leadership and Attractive Dividends Introduction: BRC Asia at the Forefront of Singapore’s Steel Market BRC Asia Ltd has once...
Maybank Research Pte Ltd April 25, 2025 Mapletree Logistics Trust: Navigating Trade Tensions with a Cautious Outlook Mapletree Logistics Trust (MLT SP) faces headwinds from falling distributions and trade tensions, but its reasonable valuation...
