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Analysts optimistic on ST Engineering, most keep ‘buy’ at raised target prices

Douglas Toh
Douglas Toh • 6 min read
Analysts optimistic on ST Engineering, most keep ‘buy’ at raised target prices
Analysts have maintained their positive views on Singapore Technologies Engineering’s (ST Engineering). Photo: Bloomberg
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Analysts have maintained their positive views on Singapore Technologies Engineering’s (ST Engineering) (SGX:S63) , given improving results across its various key businesses, and how its order book, at a record of $27.7 billion, will give plenty of earnings visibility ahead.

On Aug 11, the group announced that earnings for its 1HFY2023 was $280.6 million, up 0.2% y-o-y. Earnings per share (EPS) was up similarly by 0.2% y-o-y to 9.01 cents.

Revenue in the same six month ended June was up 13.9% y-o-y to $4.86 billion, with higher contributions across its three business segments.

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