ST Engineering's Strong Contract Win Momentum Set to Persist -- Market Talk

Dow Jones

May 21

0442 GMT - ST Engineering's strong contract win momentum is poised to persist, UOB Kay Hian's Roy Chen says in a research report. Management is actively pursuing US$11 billion worth of international defense contracts and S$6 billion worth of smart mobility projects over next two years, the analyst notes. The technology, defense and engineering group's robust contract win momentum across all segments and its record order book of S$34.5 billion underpin its medium-term growth outlook. The brokerage lifts its 2026-2028 core earnings forecasts for ST Engineering by 1%-7%. It raises the stock's target price to S$11.75 from S$10.86, with an unchanged buy rating.Shares are 0.6% higher at S$11.13. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 21, 2026 00:42 ET (04:42 GMT)

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Management is actively pursuing US$11 billion worth of international defense contracts and S$6 billion worth of smart mobility projects over next two years, the analyst notes. The technology, defense and engineering group's robust contract win momentum across all segments and its record order book of S$34.5 billion underpin its medium-term growth outlook. The brokerage lifts its 2026-2028 core earnings forecasts for ST Engineering by 1%-7%. It raises the stock's target price to S$11.75 from S$10.86, with an unchanged buy rating.Shares are 0.6% higher at S$11.13. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 21, 2026 00:42 ET (04:42 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ST Engineering's Strong Contract Win Momentum Set to Persist -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nST Engineering's Strong Contract Win Momentum Set to Persist -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-21 12:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0442 GMT - ST Engineering's strong contract win momentum is poised to persist, UOB Kay Hian's Roy Chen says in a research report. Management is actively pursuing US$11 billion worth of international defense contracts and S$6 billion worth of smart mobility projects over next two years, the analyst notes. The technology, defense and engineering group's robust contract win momentum across all segments and its record order book of S$34.5 billion underpin its medium-term growth outlook. The brokerage lifts its 2026-2028 core earnings forecasts for ST Engineering by 1%-7%. It raises the stock's target price to S$11.75 from S$10.86, with an unchanged buy rating.Shares are 0.6% higher at S$11.13. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 21, 2026 00:42 ET (04:42 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1048588211.SGD","symbol_name":"Blackrock Asian Dragon A2 SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2637026806","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2637026806","pubTimestamp":1779338520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0442 GMT - ST Engineering's strong contract win momentum is poised to persist, UOB Kay Hian's Roy Chen says in a research report. Management is actively pursuing US$11 billion worth of international defense contracts and S$6 billion worth of smart mobility projects over next two years, the analyst notes. The technology, defense and engineering group's robust contract win momentum across all segments and its record order book of S$34.5 billion underpin its medium-term growth outlook. The brokerage lifts its 2026-2028 core earnings forecasts for ST Engineering by 1%-7%. It raises the stock's target price to S$11.75 from S$10.86, with an unchanged buy rating.Shares are 0.6% higher at S$11.13. 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Management is actively pursuing US$11 billion worth of international defense contracts and S$6 billion worth of smart mobility projects over next two years, the analyst notes. The technology, defense and engineering group's robust contract win momentum across all segments and its record order book of S$34.5 billion underpin its medium-term growth outlook. The brokerage lifts its 2026-2028 core earnings forecasts for ST Engineering by 1%-7%. It raises the stock's target price to S$11.75 from S$10.86, with an unchanged buy rating.Shares are 0.6% higher at S$11.13. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 21, 2026 00:42 ET (04:42 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}