“From here on, we think ST Engineering will report quarterly order wins two to three weeks before its results announcement to provide investors more colour on its operations,” write the CGSI analysts in their Feb 6 report.
Following the release of Singapore Technologies Engineering (SGX:S63
) ’s (ST Engineering) 4QFY2024 order wins of $4.3 billion, CGS International (CGSI) analysts Kenneth Tan and Lim Siew Khee have kept their “add” call on the stock at an unchanged target price of $5.30.
Citi Research’s Luis Hilado notes a similar sentiment, maintaining a “buy” call at a target price of $5.12.
