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ST Engineering ( (SG:S63) ) has shared an update.
ST Engineering has announced a significant non-cash impairment of $667 million for its iDirect group, reducing its value to $170 million as of September 2025. This impairment is attributed to the rapid expansion and competitive pressure from Non-geostationary Satellite Orbit (NGSO) operators like Starlink and Kuiper, which are capturing market share from traditional Geostationary Earth Orbit (GEO) operators. Additionally, the adoption of iDirect’s next-generation platform, Intuition, has been slower than anticipated due to delays in GEO satellite launches. This strategic reassessment highlights the challenges faced by ST Engineering in adapting to the evolving satellite communications landscape.
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 global technology, defense, and engineering group specializing in the aerospace, electronics, land systems, and marine sectors. The company focuses on providing innovative solutions and services to meet the needs of its diverse clientele across various industries.
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.