Despite STI in the high red (-1.8%+) , ST Engineering rose about 5c from previous closing price. This shows the resilent of the defend stock counter amid the uncertainty of Trump's tariff issue. In fact, it reached a day high of $6.69. Hope that ST Engineering will continue to maintain its resilent and move upwards to the target price by DBS Research (4 Apr 25), which is $7.50. Also understand that ST Engineering has gotten a recent significant turnkey contract of about $1.4 Bil for Taiwan Taichung MRT line. This is great industry news indeed. Every contract counts towards the increased revenue of ST Engineering. Trust that more investors will take notice of this counter in moving forward. Cheers.
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