ST Engineering
ST Engineering breaches S$10 to close at all-time high of S$10.11; 4.1% surge follows raft of new product news
The company’s announcements at the Singapore Airshow include a new hovercraft vessel, satellites and its biggest cargo drone
ST Engineering to design and develop new satellites in Singapore
These will improve high-speed data transfer, disaster response planning and environmental monitoring
ST Engineering debuts its largest cargo drone at Singapore Airshow 2026
The unmanned aircraft can carry up to 100 kg and is planned to begin operation in 2028
RHB lifts ST Engineering target price to S$10.70 on record contract wins
The group’s total contract awards for 2025 stand at S$18.7 billion
Stocks to watch: ST Engineering, Keppel, Hong Leong Asia, Sasseur Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jan 28):
ST Engineering books record S$18.7 billion in contract wins for FY2025
This is a 49% increase from the S$12.6 billion recorded in 2024
DBS lifts target price of ST Engineering, Sats; cuts SIAEC to ‘hold’
It favours upstream aviation service providers
Grab launches drone delivery pilot for food orders with ST Engineering system
The service is only for internal testing and not open for consumers yet
ST Engineering expects positive H2 net profit
If approved by shareholders, FY2025’s total dividend will be S$0.23 per share
LTA awards over S$300 million in contracts for 660 electric buses, including to BYD
This marks the authority’s first large-scale purchase of double-deck buses
