ST Engineering shares rise amid geopolitical tensions, turbulent stock market
Stock has gained about 6.6% this week; its safe-haven nature, group's earnings prospects among factors cited for ascent
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MAINBOARD-LISTED defence and engineering group Singapore Technologies Engineering (ST Engineering) has gained about 6.6 per cent in its share price this week, with analysts pointing to geopolitical tensions, the stock's safe-haven nature and the group's earnings prospects as factors propelling the ascent.
DBS equity research analyst Jason Sum said geopolitical tensions in Europe have sparked safety concerns among many nations and this will likely translate into a notable increase in defence spending.
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.
