ST Engineering
High order backlog, global ‘defence inflection point’: Analysts positive on ST Engineering’s contract win
Views on the company’s outlook, however, are mixed
ST Engineering bags S$600 million contract to design, supply boat platform systems for Kuwaiti navy
This follows a deal for four vessels for UAE navy also awarded by Abu Dhabi Ship Building
ST Engineering, Asian defence peers rally as Middle East conflict deepens, but war not seen as a spending catalyst
Analysts say long-term growth drivers, such as Europe’s rearmament push, are a bigger factor

ST Engineering, Addvalue Tech to benefit from higher defence spending: Maybank
Addvalue is also a ‘rare Asian space/drone play in rapid growth mode’, say analysts
ST Engineering to deploy intelligent transport systems in Singapore to help LTA manage traffic
The contracts were secured with the Land Transport Authority in 2025
Will GIC and Temasek’s investments in blacklisted AI firm Anthropic backfire?
Not necessarily; corporate governance – not unconstrained profit – could be the new alpha generator
Iran war: Soaring oil price will be a key driver of Fed policy; opportunities, risks for investors
While even the price of gold fell last week, shares of Big Oil companies sustained their upward momentum
Analysts raise ST Engineering target price as it jumps 7.2% on Iran conflict, defence contract wins
The counter has climbed for two consecutive days
ST Engineering hit by S$689 million impairment as H2 net profit falls 83.6%; defence growth seen underpinning 2026
But its operating profit climbs 22.5% to S$448 million
Stocks to watch: ST Engineering, Wilmar, UOL, CDL, Venture, Golden Agri, First Resources, Bumitama, PropNex, Centurion
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Feb 27):