Even then, Jaiswal believes that the market seems to be pricing in more than the research house’s worst case scenario.
SINGAPORE (Mar 17): Shares in ST Engineering might have fallen nearly 24% from its recent peak of $4.42 in late February, but RHB Group Research continues to see the counter as a strong long-term defensive pick.
For one, analyst Shekhar Jaiswal notes that the stock has outperformed the benchmark Straits Times Index by 3.6% so far this year.
