Simons Trading Research
ST Engineering - Continues Winning Contracts; Among Our Top Picks
- Reiterate BUY with SGD3.97 Target Price, 22% upside.
- ST Engineering should see a gradual revival in earnings growth, aided by an increased MRO activity, P2F conversions, delivery of smart city-related contracts in and outside Singapore and defence-related contracts. Its peak level of SGD13.4bn orderbook offers a 2-year revenue visibility and more than 4% yield should provide support to the share price.
- We believe the continuation of order wins, similar to the recently announced aerospace contract with Jet Airways, which could be a key catalyst.
- ST Engineering is one of our Singapore 2H18 Top Stock Picks.
Source: RHB Invest Research - 06 Sep 2018
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
