In a report released on September 26, Suvro Sarkar from DBS maintained a Buy rating on ST Engineering (SGGKF – Research Report), with a price target of S$4.20. The company’s shares closed last Thursday at $2.80.
According to TipRanks, Sarkar is a 3-star analyst with an average return of 5.3% and a 69.44% success rate. Sarkar covers the Energy sector, focusing on stocks such as Exxon Mobil, Conocophillips, and Pioneer Natural.
Currently, the analyst consensus on ST Engineering is a Strong Buy with an average price target of $3.16, a 12.90% upside from current levels. In a report released on September 26, Phillip Securities also initiated coverage with a Buy rating on the stock with a S$4.50 price target.
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SGGKF market cap is currently $8.79B and has a P/E ratio of 22.31.
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ST Engineering (SGGKF) Company Description:
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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