SINGAPORE (Nov 10): OCBC Investment Research is maintaining its “hold” call on Singapore Technologies Engineering with a fair value estimate of $3.41 following the group’s latest announcement of its 3Q17 financial results.
See: ST Engineering's 3Q earnings up 67% to $128.4 mil on absence of one-off charge
In a Thursday report, lead analyst Eugene Chua identifies persistent industry headwinds in the marine sector, due to the volatile and uncertain outlook of oil prices, as a continued drag on ST Engineering’s near-term prospects.
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