ST Engineering | Buy (maintained) Target price: S$3.97 Sep 6 close: S$3.30 RHB Research, Sep 6

Last week, ST Engineering signed an agreement to provide engine maintenance, repair and overhaul (MRO) services for the Boeing 737NGs belonging to Jet Airways.

As part of the contract, ST Engineering will provide an integrated suite of engine MRO solutions, including off-wing engine heavy maintenance checks, on-wing services as well as technical support. These services will be provided over a period of six years beginning in 2019.