Analyst Jason Sum from DBS reiterated a Buy rating on ST Engineering and keeping the price target at S$12.40.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Jason Sum has given his Buy rating due to a combination of factors including solid topline growth, record-high order backlog, and a stable return profile, while keeping his 12‑month price target unchanged at $12.4. The company delivered double‑digit revenue growth across its key segments, with Defence & Public Security, Commercial Aerospace, and Urban Solutions & Satcom all contributing, and its orderbook expanding to a fresh peak, underpinning revenue visibility.
At the same time, the group’s exposure to Middle East disruptions remains small, with limited direct revenue at risk and protections in place for energy costs, while airline capacity trends continue to support demand for maintenance services. Strengthening international defence wins, constrained global MRO capacity, and an increasingly robust Urban Solutions and Satcom pipeline collectively reinforce the long-term growth outlook, giving Sum confidence that earnings quality and resilience justify a Buy recommendation.