Chen notes that in late 2021, ST Engineering set a 2026 revenue target of $11 billion. He believes the company can meet and even exceed this target in 2024 at $11.25 billion.
UOB Kay Hian (UOBKH) analyst Roy Chen has maintained “buy” on Singapore Technologies Engineering (SGX:S63
) (ST Engineering) with a higher target price of $4.95 from $4.50 previously on the back of its record-high order book that offers good visibility.
Despite ST Engineering’s recent share price strength, Chen recommends investors to stay invested for the company’s steady growth outlook, which is driven by upbeat performances across its three business segments.
