Singapore Technologies Engineering: After A 72% Rally, Is There More Fuel In The Tank?
Source: SeekingAlpha
2025-05-08 14:35:52 ET
Summary
- Singapore Technologies Engineering surged 72%, aligning its valuation with peers. Despite potential challenges, it remains a buy due to strong growth prospects in defense and commercial aviation.
- Revenues grew 12% to S$11.3 billion in 2024, driven by defense and commercial aerospace, with a robust order book of S$28.5 billion.
- Risks include satellite market challenges, part shortages, and trade war impacts. Opportunities lie in MRO demand, freighter conversions, and defense market growth.
- With a conservative price target of $67.92, ST Engineering's diversified portfolio and strong market position justify a buy rating.
Singapore Technologies Engineering Ltd ( SGGKF , SGGKY ) or ST Engineering surged 72% since my first report and now trades at levels that value its forward earnings and bring the valuation closer to that of the peer group. In this report, I will discuss the full-year results and assess whether the stock is still a buy or whether it is time to sell....
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Singapore Technologies Engineering: After A 72% Rally, Is There More Fuel In The Tank?
Singapore Technologies Engineering Ltd ADR
NASDAQ: SGGKY
SGGKY Trading
4.67% G/L:
$83.75 Last:
2,827 Volume:
$84 Open:
