Singapore Technologies Engineering (ST Engineering) recently announced the divestment of 25 per cent equity interest in its indirect associate, Airbus Helicopters SE Asia Pte Ltd to its JV partner,...

WE reduce our rating on the stock to "neutral", even though the target price has been raised to S$2.30 (from S$2.10), equalling 16 times 2018E price-to-earnings (P/E) ratio, due to its...