Doesn't seem to push up the price. In the red today. Hope that the sentiment will turn positive soon and march towards all time high 52 wks. Cheers.

Singapore Technologies Engineering's 2024-2026 Profit Growth Likely Strong

0722 GMT - Singapore Technologies Engineering's 2024-2026 profit growth is likely to be strong, RHB Research's Shekhar Jaiswal says in a research report. Drivers are its commercial aerospace segment, for which growth will probably be facilitated partly by ongoing deliveries of its passenger-to-freighter aircraft, the analyst says. Also, the technology and engineering group's urban solutions & satcom segment should see the fastest growth in 2023-2026 in terms of EBIT CAGR, supported by turnaround in the satcom business, the analyst adds. RHB recommends investors keep ST Engineering's stock in their portfolios. RHB has a buy rating and a target price of S$5.20 on the shares, which are 0.6% higher at S$4.71.
Singapore Technologies Engineering's 2024-2026 Profit Growth Likely Strong

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