In a report released today, Shekhar Jaiswal from RHB Capital maintained a Buy rating on Singapore Technologies Engineering (SGGKF – Research Report), with a price target of S$4.15. The company’s shares closed last Tuesday at $2.68.
According to TipRanks, Jaiswal is a 2-star analyst with an average return of 2.0% and an 82.35% success rate. Jaiswal covers the Financial sector, focusing on stocks such as City Developments, DBS Group Holdings, and Oversea-Chinese Banking.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Singapore Technologies Engineering with a $3.02 average price target, which is a 12.69% upside from current levels. In a report released yesterday, DBS also maintained a Buy rating on the stock with a S$4.10 price target.
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Based on Singapore Technologies Engineering’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
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Singapore Technologies Engineering Ltd. is a holding company, which provides engineering and related services. It operates through the following segments: Aerospace, Electronics, Land Systems, Marine, and Others. The Aerospace segment provides spectrum maintenance and engineering services that include air-frame, engine and component maintenance, repair and overhaul, engineering design, development, and technical services; and aviation materials and management services, including total aviation support. The Electronics segment delivers system solutions to government, commercial, defence, and industrial customers. The Land Systems segment provides design and engineering services, manufacture, sales and know-how transfer of military and commercial vehicles, automotive subsystems, robotic systems, armament, weapons, weapon systems, ammunition and explosives. The Marine segment provides turnkey building, repair, and conversion services for a naval and commercial vessel. The Others segment consists of research and development, provision of engineering products and solutions, treasury, investment holding and provision of management, consultancy and other support services. The company was founded in 1967 and is headquartered in Singapore.
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