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ST Engineering ( (SG:S63) ) just unveiled an update.
ST Engineering has received approval from the Singapore Exchange Securities Trading Limited to use its market capitalisation as an alternative reference point for determining the materiality of interested person transactions (IPTs) from FY2026 onwards. This decision comes as the company’s Group Net Tangible Assets (NTA) remains negative due to acquisitions involving intangible assets. The market capitalisation is considered a more accurate reflection of the company’s value, allowing for better assessment of IPTs that require announcements and shareholder approvals.
The most recent analyst rating on (SG:S63) stock is a Buy with a S$9.40 price target. To see the full list of analyst forecasts on ST Engineering stock, see the SG:S63 Stock Forecast page.
More about ST Engineering
Singapore Technologies Engineering Ltd (ST Engineering) operates in the engineering industry, providing technology and engineering solutions across various sectors. The company focuses on aerospace, electronics, land systems, and marine sectors, offering a wide range of products and services to both commercial and government clients.
Average Trading Volume: 4,712,444
Technical Sentiment Signal: Buy
Current Market Cap: S$26.99B
Find detailed analytics on S63 stock on TipRanks’ Stock Analysis page.