ST Engineering
ST Engineering unit bags Middle East smart mobility projects worth over S$100 million
The group’s urban solutions business has a ‘decade-long track record’ in the region
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
ST Engineering bags S$4.8 billion in Q1 contracts on Middle East defence, aerospace demand
The first-quarter haul is up about S$400 million year-on-year
Stocks to watch: ST Engineering, CICT, CLI, Suntec Reit, Sheng Siong, FCT, iFast
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Apr 24):
ST Engineering shrugs off Middle East shocks, stays upbeat on satcom outlook
The impact of the conflict is ‘assessed to be not material at the group level’, says CEO Vincent Chong
Hyundai, ST Engineering bid for US$530 million Thai frigate order
The Royal Thai Navy aims to have eight frigates in its fleet by 2037, up from the current four
High order backlog, global ‘defence inflection point’: Analysts positive on ST Engineering’s contract win
Views on the company’s outlook, however, are mixed
ST Engineering bags S$600 million contract to design, supply boat platform systems for Kuwaiti navy
This follows a deal for four vessels for UAE navy also awarded by Abu Dhabi Ship Building
ST Engineering, Asian defence peers rally as Middle East conflict deepens, but war not seen as a spending catalyst
Analysts say long-term growth drivers, such as Europe’s rearmament push, are a bigger factor
ST Engineering, Addvalue Tech to benefit from higher defence spending: Maybank
Addvalue is also a ‘rare Asian space/drone play in rapid growth mode’, say analysts
