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Analysts keep ST Engineering at 'buy' on strong order book; potential earnings upgrade

PC Lee
PC Lee11/15/2018 11:17 AM GMT+08  • 2 min read
Analysts keep ST Engineering at 'buy' on strong order book; potential earnings upgrade
SINGAPORE (Nov 15): OCBC Investment Research and RHB Research are maintaining ST Engineering at “buy” with target prices of $3.95 and $3.97 respectively.
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SINGAPORE (Nov 15): OCBC Investment Research and RHB Research are maintaining ST Engineering at “buy” with target prices of $3.95 and $3.97 respectively.

ST Engineering reported a 1% y-o-y rise in revenue to $1.6 billion and a 5.3% increase in net profit to $134.6 million in 3Q18, bringing 9M18 net profit to $369.8 million.

Both revenue and net profit for aerospace grew 13% y-o-y to $689 million and $55.4 million respectively in 3Q18, led by broad-based growth across business units.


See: ST Engineering posts 5% increase in 3Q earnings to $135 mil

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