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ST Engineering may power Europe’s rearmament

Nirgunan Tiruchelvam
Nirgunan Tiruchelvam • 4 min read
ST Engineering may power Europe’s rearmament
ST Engineering stands out for its low net gearing (0.5x) and strong dividend yield (4%).
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Investors are running for cover in the Ukrainian war. But, a seed planted on this island in 1967 could provide a haven.

Dr Goh Keng Swee, the then defence minister, founded Singapore’s arms industry 55 years ago. He was a towering figure in Singapore.

ST Engineering, his brainchild, could emerge as a vital cog in Europe’s defence.

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