ST Engineering expected to soar above peers with latest acquisitions

SINGAPORE (Oct 14): Analysts are bullish on ST Engineering on the back of future trends of its satcom business and recent acquisitions, which are expected to contribute positively to this segment’s growth.

To recap, the group on Sept 17 announced that its US subsidiary iDirect Government has acquired 100% ownership in Glowlink Communications Technology for a consideration of US$20 million ($28 million).