ST Engineering is the brokerage’s top pick in Singapore as well as in the capital goods sector.
SINGAPORE (Jan 13): Following a solid 2019, ST Engineering appears poised to continue its good run this year.
According to Shekhar Jaiswal, an analyst at RHB Group Research, ST Engineering could deliver double-digit profit growth in 2020-2021, on the back of its record high orderbook and earnings-accretive acquisitions.
