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ST Engineering ( (SG:S63) ) has shared an announcement.
ST Engineering has announced a significant non-cash impairment of $667 million on its iDirect group, reducing its value to $170 million as of September 2025. This decision comes amid a rapidly changing satellite industry landscape, where Non-geostationary Satellite Orbit (NGSO) operators like Starlink and Kuiper are outpacing Geostationary Earth Orbit (GEO) operators by deploying more satellites and offering superior services. The shift in market dynamics has led to a consolidation among GEO operators and a slower-than-expected adoption of iDirect’s Intuition platform, impacting ST Engineering’s strategic positioning in the satellite communications sector.
The most recent analyst rating on (SG:S63) stock is a Buy with a S$9.50 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
ST Engineering is a Singapore-based company operating in the engineering sector, focusing on providing innovative solutions across aerospace, electronics, land systems, and marine industries. The company is known for its advanced technology products and services, catering to both commercial and defense markets globally.
Average Trading Volume: 4,944,748
Technical Sentiment Signal: Buy
Current Market Cap: S$25.49B
Find detailed analytics on S63 stock on TipRanks’ Stock Analysis page.