SINGAPORE (Feb 25): Despite the worsening spread of the novel coronavirus (Covid-19), analysts are confident that the impact on ST Engineering (STE) will be limited.

In fact, they reckon the engineering company — which provides technology solutions to the aerospace, electronics, land systems and marine sectors — could expand its bottom line.

RHB Securities says STE is “well-positioned” to deliver earnings growth of 10% from 2019 to 2022.
This will come from the company’s record-high order book, contributions from new acquisitions and continuing investments to expand its capabilities in aerospace and electronics, it says.

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