RHB optimistic on ST Engg's 2021 earnings recovery, reiterates 'buy'
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Singapore
RHB on Monday said it remains optimistic on Singapore Technologies Engineering's (ST Engineering) 2021 earnings recovery, aided by order delivery normalisations across all business segments.
The mainboard-listed engineering conglomerate's 2020 earnings came in slightly ahead of expectations for RHB and were in line with the forecasts of research teams from CGS-CIMB and OCBC.
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