RHB Research’s Shekar Jasiwal has maintained his “buy” call on ST Engineering (STE) with an unchanged target price of $4.40. 

In a Jan 14 note,  Jasiwal said his “positive view” was based on expectations for a sustained earnings growth in the medium term, which will be supported by a gradual recovery in demand and gains from cost optimisation. 

He noted STE’s high order backlog, resilient earnings, robust balance sheet, and ability to generate strong positive free cash flows should enable it to sustain dividend payments. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook