More than a defence contractor – ST Engineering’s Vincent Chong is ready for the next lap
To see the group as a mere defence proxy cashing in on conflict misses the plot entirely
Add BT as a preferred source
[SINGAPORE] It is easy to look at ST Engineering’s rising share price and assume that the defence contractor is simply riding a wave of global instability amid growing military budgets and heightened geopolitical tensions.
Indeed, ST Engineering is currently the best performer among the Straits Times Index (STI) blue-chip stocks in the year to date.
The stock has generated a total return – with dividends reinvested – of 28.4 per cent since the start of 2026, extending the strong momentum it built up last year. This dwarfs the 7.1 per cent total return of the STI over the same period.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Middle East-linked energy supply shocks put Asean Power Grid back in focus
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
