ST Engineering contract wins cited as support for 2029 upside
RHB Research’s Shekhar Jaiswal says Singapore Technologies Engineering’s recent contract wins reinforce the company’s potential to beat some 2029 targets, citing a 750 million Singapore dollar turnkey rail contract in Taiwan.
Singapore Technologies Engineering's recent contract wins reinforce the company's potential to beat some of its 2029 targets, RHB Research's Shekhar Jaiswal said in a note. The defense engineering company won a 750 million Singapore dollar turnkey rail contract for a Taiwanese mass-rapid-transit line.