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Home / Capital / Brokers Calls

RHB reiterates ST Engineering recommendation despite Covid downside risks

Broker's Calls

RHB reiterates ST Engineering recommendation despite Covid downside risks

Ng Qi Siang Published on Thu, Jul 30, 2020 / 2:39 PM GMT+8

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Despite a likely slower profit recovery arising from the Covid-19 pandemic, RHB analyst Shekhar Jaiswal remains steadfastly behind ST Engineering. He believes that the counter will record strong growth in 2021 on the back of normalised order deliveries across all segments. He has therefore once again maintained his “buy” call on the counter and $3.90 target price, accompanied by an 18% upside.

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