"We continue to believe that STE offers stability and growth potential, and is a quality name to accumulate on dips for the long-term investor’s portfolio," says OCBC.
Singapore Technologies Engineering has gained 70% year to date, as its share price is being "super-charged" by the positive sentiment relating to global defence plays, built on the solid fundamentals that the company has, says OCBC Investment Research. In contrast, the Straits Times Index is up by just 5%.
Despite this outperformance, OCBC continues to favour this counter.
