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ST Engineering

ST Engineering pushes further into orbit with new satellites and geospatial analytics - THE EDGE SINGAPORE

Space

ST Engineering pushes further into orbit with new satellites and geospatial analytics

New radar, optical and communications systems underline the company’s expansion into higher-value space services and overseas markets.
Singapore to establish national space agency to turn space capabilities into economic growth - THE EDGE SINGAPORE

Space

Singapore to establish national space agency to turn space capabilities into economic growth

The new national agency is aimed at scaling local capabilities, supporting companies’ regional expansion and shaping rules for a crowded orbital environment.
ST Engineering’s share price is up 13% year to date, but “value” remains as this counter is still trading at a discount to global defence peers - THE EDGE SINGAPORE

Investing ideas

ST Engineering gets a wave of higher target prices as order book hits new high

ST Engineering’s share price is up 13% year to date, but “value” remains as this counter is still trading at a discount to global defence peers
ST Engineering secures total 4QFY2025 orders worth $4.7 bil - THE EDGE SINGAPORE

Contracts

ST Engineering secures total 4QFY2025 orders worth $4.7 bil

ST Engineering's total FY2025 orders reached $18.7 billion, up 49% from FY2024's total of $12.6 billion
ST Engineering did not disclose the value of the Terrex s5 contract but CGSI estimates it to be between $1 and 2 billion - THE EDGE SINGAPORE

Broker's Calls

CGSI raises target price for ST Engineering to $10.20 following Terrex S5 contract win

ST Engineering did not disclose the value of the Terrex s5 contract but CGSI estimates it to be between $1 and 2 billion
As of last September, the company's order book was already around $32.6 billion - THE EDGE SINGAPORE

Contracts

ST Engineering wins contract to supply next generation infantry fighting vehicles to Singapore

The IFVs are to be delivered from 2028 onwards, and will be based on ST Engineering’s Terrex s5
ST Engineering says the contract is to support the airline's 15-strong Boeing 787 Dreamliner fleet - THE EDGE SINGAPORE

Aviation & Engineering

ST Engineering signs five-year nacelle MRO deal with LOT Polish Airlines

The contract is to support the airline's 15-strong Boeing 787 Dreamliner fleet
'Given the evolving geopolitical backdrop, we believe historical comparisons are less relevant for assessing current valuations' - THE EDGE SINGAPORE

Broker's Calls

OCBC raises target price for ST Engineering to $10.90 on 'intact re-rating' story

'Given the evolving geopolitical backdrop, we believe historical comparisons are less relevant for assessing current valuations'
ST Engineering to book $48.1 million gain with sale of Shanghai MRO JV - THE EDGE SINGAPORE

Aviation & Engineering

ST Engineering to book $48.1 million gain with sale of Shanghai MRO JV

Of the net proceeds of some $116.3 million, ST Engineering will use it to pay off debt, and estimates interest savings of around $4.2 million on an annualised basis
ST Engineering books $667 million impairment on struggling satellite unit; dangles total FY2025 dividend of 23 cents - THE EDGE SINGAPORE

Results

ST Engineering books $667 mil impairment on struggling satellite unit; dangles total FY2025 dividend of 23 cents

ST Engineering is planning a total FY2025 dividend payout of 23 cents
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