This latest win adds to the company's already all-time high outstanding order book of $28.5 billion, which provides three years of revenue visibility.
Shekhar Jaiswal of RHB Bank Singapore has reiterated his "buy" call and $7.80 target price for Singapore Technologies Engineering (SGX:S63
) after it won a $1.4 billion contract to provide turnkey rail services for the new Taichung MRT Blue Line in Taiwan.
The 14-year project is set to begin in 2Q25, expanding STE’s strong rail presence in Taiwan.
