SINGAPORE (Feb 26): DBS is upgrading ST Engineering to "buy" while RHB and CIMB are maintaining their "buy" calls given the group's expansion into new business areas, improving margins from aerospace projects and strong order book pipeline.
ST Engineering is eyeing healthcare and medical technology as new areas for growth and is setting up a team to help develop solutions that would enable the hospitals to operate more efficiently and lower healthcare costs.
According to RHB analyst Shekhar Jaiswal, Aethon, a company that ST Engineering invested in last year, already provides logistics services to hospitals in the US via the use of robots.
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