Hit enter to search or ESC to close
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: $3.89Â
Date: September 20, 2024Broker: CGS International Securities Overview Wilmar International (WIL) is a leading agribusiness company based in Singapore. As of September 2024, the company is focusing on its financial strategy to capitalize on...
Detailed Financial Analysis of Key Companies | November 13, 2024 Detailed Financial Analysis of Key Companies By CGS International Securities November 13, 2024 Aspen Group Holdings Ltd Aspen Group Holdings Ltd, operating as a...
📈 Strong Earnings & Optimistic OutlookHong Leong Asia (HLA) posted a 4.1% y-o-y revenue growth to $4.25 billion in FY2024, while earnings surged 35.3% to $87.8 million, the highest since FY2011. The growth was...
