$ST Engineering(S63.SI)$ Seems

Seems quite a bit of pullback for ST Engineering today despite many positive news of it. Is it due to profit taking? Moreover near end of the trading week. Hope that it can recover as much as possible by end of today. Cheers.

ST Engineering Rally: A Better Buy Than Other Blue-Chip Stocks?

Analysts were bullish on ST Engineering, hiking their target prices for the counter as they cited a positive outlook and strong growth prospects. It announced its five-year targets at its investor day. Recent surge brought its PE ratio to around 30, above those of other blue-chip counters such as UOB, DBS, OCBC and SIA, which had PE ratios in the range of 7.8 to 11.5, according to Yahoo Finance data. Its share price has been on a tear through the year. ---------- Is ST Engineering a good buy or not compared to other blue chip stocks? What's your target price for ST Engineering?

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