Analysts are mostly positive on Singapore Technologies Engineering’s (ST Engineering) prospects after the group announced that it was acquiring mobility business TransCore on Oct 3.
CGS-CIMB Research, DBS Group Research and RHB Group Research analysts have kept their “add” or “buy” recommendations, with DBS and RHB increasing their target prices to $4.55 (from $4.36) and $4.85 (from $4.50).
CGS-CIMB has kept its target price unchanged at $4.54.
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