Are sell-offs at Sembcorp, ST Engineering and SIA after their earnings reports a harbinger of doom?
The market’s reaction to recent filings suggests that Singapore investors are eager to pay – perhaps even overpay – for companies delivering good financial performance
Add BT as a preferred source
[SINGAPORE] The recent reporting season has been something of a reality check for bullish investors in the Singapore market, with a number of high-flying Straits Times Index (STI) components suffering big sell-offs after releasing their financial numbers.
Most notably, ST Engineering – which has been the best-performing STI component this year – tumbled nearly 6.3 per cent on Aug 14, after reporting results for the first half of 2025 that were hardly disappointing. Earnings for the six months climbed 19.7 per cent to S$402.8 million, on a 7.2 per cent rise in revenue to S$5.92 billion.
The company also said that it secured new contracts worth S$9.1 billion in H1 2025, which put its order book at the end of the period at S$31.2 billion.
TRENDING NOW
Three Holland Village shophouses sold for S$70 million to Tat Lee Bank’s Goh family unit
About 1 in 7 Singapore families has income of at least S$30k a month; share almost doubled in 5 years
DBS completes US$1 billion significant risk transfer deal, a first for Singapore bank
Not in education, employment or training: Why more Hong Kong youths are opting out of work
