This is great news for ST Engi

This is great news for ST Engineering indeed.

The positive assessment by Nomura is in line with many other research institutions such as recent Maybank, RHB, CGS. Hope that ST Engineering will continue the upward march progressively in view of its steady long term growth in placed. This is crucial for any companies moving forward.

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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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