ST Engg in Forbes' most innovative companies list
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Angela Tan
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Singapore
ST ENGINEERING is the only company in Singapore to make it to Forbes' list of "The World's Most Innovative Companies".
The Singapore-listed defence-related group is ranked 87 out of 100 companies globally, and boasts of an Innovation Premium (IP) of 33.6 per cent. IP is a measure of how much investors have bid up the stock price of a company above the value of its existing business based on expectations of future innovative results (new products, services and markets).
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