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ST Engineering
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ST Engg
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Joelton
Supreme |
08-May-2026 10:04
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ST Engineering unit bags Middle East smart mobility projects worth over S$100 million The group&rsquo s urban solutions business has a &lsquo decade-long track record&rsquo in the region [SINGAPORE] The urban solutions business of ST Engineering : S63 -1.65% has secured two smart mobility projects in the Middle East valued at more than S$100 million in total. The group said on Thursday (May 7) that the ventures mark a &ldquo further expansion of its smart mobility footprint in the Middle East&rdquo . Under the first contract, ST Engineering Urban Solutions will &ldquo support the operations of Qatar&rsquo s national intelligent transport system (ITS), providing end-to-end maintenance&rdquo for the Road Management Centre of Qatar&rsquo s Public Works Authority or Ashghal. The scope of work includes &ldquo continuous system upkeep and technology upgrades to ensure reliable traffic management and safe tunnel operations across the country&rsquo s road network&rdquo , the group said. The three-year contract, under which ST Engineering Urban Solutions has been engaged as a &ldquo preferred partner&rdquo of EGIS QBC JV, commenced in the first quarter of 2026. EGIS QBC JV is a joint venture formed by Egis Operations, Qatar Building Company and Waagner Biro Bridge Qatar to deliver the roads operation and maintenance contracts awarded by Ashghal. Under the second contract, ST Engineering Urban Solutions will deploy its GoParkin smart car park system at the King Hussein Business Park (KHBP) in Jordan, with implementation &ldquo targeted to begin in the third quarter of 2026&rdquo . GoParkin &ldquo integrates automatic number-plate recognition, electric vehicle charging and multimodal payment capabilities on a single platform&rdquo , ST Engineering said. This, it added, will enable a &ldquo seamless user experience while improving operational efficiency for KHBP&rdquo . Gareth Tang, president of ST Engineering Urban Solutions, noted that amid a rapid evolution in Middle Eastern transport infrastructure, cities are &ldquo looking beyond standalone technologies towards integrated platforms that deliver measurable performance and long-term value&rdquo . ST Engineering said that its urban solutions business has a &ldquo decade-long track record in the Middle East&rdquo , with projects including the delivery of Dubai&rsquo s artificial intelligence-powered ITS, iTraffic, as well as the ongoing deployment of Abu Dhabi&rsquo s &ldquo first multimodal intelligent transportation central platform&rdquo . The group added that it has delivered over 60 ITS projects in more than 40 cities globally. Shares of ST Engineering fell 1.6 per cent or S$0.18 to close at S$10.74 on Thursday, before the news. |
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MrBear12
Supreme |
04-May-2026 23:34
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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As of early 2026, ST Engineering (S63.SI) has demonstrated strong financial performance with return on equity (ROE) figures often cited between 20% and 26% based on recent trailing twelve-month data, reflecting high profitability relative to shareholders' equity. While some sources indicate a lower 4.5% in late 2025 due to different calculation methodologies, the company has generally maintained a high ROE, supported by record contract wins in Commercial Aerospace and Defence.Key ST Engineering ROE & Financial Highlights:Recent Performance: Various analyses in 2025 and early 2026 place the ROE in the 20%-26% range, indicating strong capital efficiency.Profitability Drivers: Strong performance in commercial aerospace, defence, and urban solutions, with a 2024 record revenue of $11.28 billion.Shareholder Returns: The company is raising dividends to 18 cents per share for FY2025, aimed at being a "yield-cum-growth" stock.Outlook: Analysts have high price targets due to robust contract wins, which totaled $18.7 billion in 2025.
I like STEng ROE of over twenty percent.
give just three years at this rate, we have a doubling of share price.
Another share is SGX, super high ROE and see where it is trading now.
Trade with high ROEs
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JurongW
Elite |
04-May-2026 19:09
Yells: "Earnings give weight, Chart give wings" |
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investshare
Supreme |
04-May-2026 18:18
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Maybe it can raise dividend by 50% first.
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MrBear12
Supreme |
04-May-2026 18:12
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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like SGX, it can hit 20.
we just gotta wait.
and hibernate
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JurongW
Elite |
04-May-2026 18:02
Yells: "Earnings give weight, Chart give wings" |
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Now already at under $11 with the best yet to come, I' ll be more conservative and aim for $15 first. Need to refer to Mr Fibonacci for future price levels. |
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investshare
Supreme |
04-May-2026 17:54
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Means can hit $20? | ||||
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JurongW
Elite |
04-May-2026 17:20
Yells: "Earnings give weight, Chart give wings" |
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Salient Points The defence business is core to us, But two-thirds of our group revenue comes from very strong global businesses in our commercial aerospace and smart city domains. It brought in S$18.7 billion in new contracts in 2025. Recently, it announced an additional S$4.8 billion in new contracts for the first quarter of 2026 alone. This first-quarter haul added immense weight to an already bulging order book and provided clear revenue visibility. Operating expenses as a ratio of revenue dropped to an all-time low of 10.2 per cent in 2025, down from 10.6 per cent the year prior and about 13 per cent some years ago. We do expect improvements in Ebit (earnings before interest and taxes) margins, The goal is to carve out another S$1 billion in cost savings over the five-year period from 2024 to 2029, purely to stay ahead of inflation. We have our target of about S$200 million a year and every year, we have been beating those targets In the first quarter of 2026, it secured S$2.4 billion for its defence and public security segment. This includes its entry into the Qatar defence market with a 315 million euro (S$470 million) deal, and a S$600 million subcontract to build eight patrol vessels for the Kuwait navy. For investors worried about lumpy defence contracts, this segment offers steady, predictable growth. Referring to major mobility projects, Chong is highly optimistic, saying: By 2028, those revenues will double (from 2024 levels). By 2030, they will triple We are not a conglomerate per se, because conglomerates typically have businesses that run on their own with no particular synergies between them. He points to a shared group technology office creating dual-use tech modules. An AI algorithm developed for a military command centre can be tweaked to manage a smart city' s power grid. To ensure that these divisions talk to each other, ST Engineering rewards collaborations financially. Senior leaders face peer appraisals based on how well they work across units. Chong looks at his order book and the group' s target to hit S$17 billion in revenue by 2029 with quiet confidence. The heavy lifting of the 2020 pivot is done: the machine is built now, it is time for execution. The best is yet to come for ST Engineering |
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Joelton
Supreme |
04-May-2026 10:04
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More than a defence contractor &ndash ST Engineering&rsquo s Vincent Chong is ready for the next lap To see the group as a mere defence proxy cashing in on conflict misses the plot entirely [SINGAPORE] It is easy to look at ST Engineering&rsquo s rising share price and assume that the defence contractor is simply riding a wave of global instability amid growing military budgets and heightened geopolitical tensions. Indeed, ST Engineering is currently the best performer among the Straits Times Index (STI) blue-chip stocks in the year to date. The stock has generated a total return &ndash with dividends reinvested &ndash of 28.4 per cent since the start of 2026, extending the strong momentum it built up last year. This dwarfs the 7.1 per cent total return of the STI over the same period. But to see ST Engineering as a mere defence proxy cashing in on conflict misses the plot entirely. &ldquo The defence business is core to us,&rdquo said ST Engineering group president and chief executive officer Vincent Chong. &ldquo But two-thirds of our group revenue comes from very strong global businesses in our commercial aerospace and smart city domains.&rdquo The real engine behind the group&rsquo s record operating profit and S$33.2 billion order book, Chong noted, was built years ago. The actual heavy lifting started during the darkest, quietest days of the Covid-19 pandemic, when the company decided to rip up its playbook and completely rewire how it does business. The Covid crucible For a company that drew a large chunk of its group revenue from aviation and aerospace, the Covid-19 pandemic &ndash during which aeroplanes were grounded and borders shut &ndash was a brutal period. But instead of going into survival mode &ndash hoarding cash and cutting costs to the bone &ndash ST Engineering went the other way and started a massive structural pivot. It tore down the old internal walls separating its land, sea, air and electronics divisions, and reorganised itself into customer-centric units. &ldquo During Covid, we made a conscious decision to proceed with our reorganisational changes because we want to be ready when the market recovers,&rdquo Chong recalled. &ldquo We also invested in new capacities for aerospace in the depth of Covid, so that we can be ready for the upturn.&rdquo It was a big gamble that paid off. When the skies reopened and the global economy restarted, the group hit the ground running. It brought in S$18.7 billion in new contracts in 2025. Recently, it announced an additional S$4.8 billion in new contracts for the first quarter of 2026 alone. This first-quarter haul added immense weight to an already bulging order book and provided clear revenue visibility. Flying high Bearing the most fruit from ST Engineering&rsquo s Covid-era restructuring might be the commercial aerospace division, which secured S$1.7 billion of the new first-quarter contracts. Instead of just fixing planes &ndash the group remains a leader in airframe maintenance, repair and overhaul &ndash it has moved upstream and now also manufactures the parts that go into them. Through acquisitions, it is a key original equipment manufacturer for engine nacelles &ndash the aerodynamic casings that house jet engines &ndash specifically for the popular Leap-1A engines. This shift from mechanic to manufacturer changes the profit profile entirely. Operating expenses as a ratio of revenue dropped to an all-time low of 10.2 per cent in 2025, down from 10.6 per cent the year prior and about 13 per cent some years ago. &ldquo We do expect improvements in Ebit (earnings before interest and taxes) margins,&rdquo Chong said. The way he sees it, successful execution of ST Engineering&rsquo s strategy not only means pushing for topline growth, but also looking at the group&rsquo s productivity and efficiency. The goal is to carve out another S$1 billion in cost savings over the five-year period from 2024 to 2029, purely to stay ahead of inflation. &ldquo We have our target of about S$200 million a year and every year, we have been beating those targets,&rdquo Chong said. Even as a defence contractor &ndash Chong prefers the term &ldquo strategic defence partner&rdquo &ndash ST Engineering plays a different game. In the first quarter of 2026, it secured S$2.4 billion for its defence and public security segment. This includes its entry into the Qatar defence market with a 315 million euro (S$470 million) deal, and a S$600 million subcontract to build eight patrol vessels for the Kuwait navy. Under ST Engineering&rsquo s asset-light model, it designs the ships, build a few in Singapore, and partners local yards to build the rest. This keeps capital costs low and fosters local goodwill. Wiring South-east Asia and beyond While aerospace and defence grab the flashy headlines, the urban solutions segment is quietly building up the bank. &ldquo Today, roughly about 50 per cent of the world population live in urban cities. Through 2050, about two-thirds of the projected growth in world population will be in urban cities,&rdquo Chong pointed out. In the first quarter of 2026, the urban solutions and satcom segment brought in S$700 million, snagging deals for passenger information systems for Taiwan&rsquo s Kaohsiung MRT Yellow Line and smart road projects in the Middle East. The group is exporting its smart mobility and traffic management systems &ndash honed on the congested streets of Singapore &ndash to places such as Bangkok and the Middle East. It upgraded its status in Taiwan from a subcontractor to a tier one prime contractor for major rail projects. For investors worried about lumpy defence contracts, this segment offers steady, predictable growth. Referring to major mobility projects, Chong is highly optimistic, saying: &ldquo By 2028, those revenues will double (from 2024 levels). By 2030, they will triple.&rdquo Space bump The pivot, though, has seen some bumps. The group took a massive S$689 million impairment hit recently on its satellite communication unit, battered by the sudden rise of low-earth orbit satellites. Even as underlying profit for the full year ended December climbed 21 per cent to a record S$850.8 million, from S$702.3 million in FY2024, the impairment slashed FY2025 earnings to S$462.8 million. Full-year revenue was up 9 per cent to S$12.3 billion. Chong is pragmatic but determined. &ldquo We are evaluating strategic options,&rdquo he said. &ldquo But at the same time, we are also doubling down on our turnaround efforts.&rdquo Meanwhile, the group is also reinforcing its commitment to earth observation satellites, designing and launching its own systems to sell the valuable data collected. &ldquo With the formation of the National Space Agency of Singapore, we believe that the growth trajectory will continue,&rdquo Chong said. To power all this, ST Engineering is undergoing a quiet talent revolution. It employs about 2,000 artificial intelligence engineers. Chong plans to increase that to 5,000 in the next five years. The company uses AI as a force multiplier in its engineering and defence products. When a company builds ships, fixes jet engines and designs smart toll gates, the market usually slaps it with a conglomerate discount. People assume these large empires are bloated and wasteful. Chong rejects the label flat out. &ldquo We are not a conglomerate per se, because conglomerates typically have businesses that run on their own with no particular synergies between them.&rdquo He points to a shared group technology office creating dual-use tech modules. An AI algorithm developed for a military command centre can be tweaked to manage a smart city&rsquo s power grid. To ensure that these divisions talk to each other, ST Engineering rewards collaborations financially. Senior leaders face peer appraisals based on how well they work across units. After a decade at the helm, Chong looks at his order book and the group&rsquo s target to hit S$17 billion in revenue by 2029 with quiet confidence. The heavy lifting of the 2020 pivot is done: the machine is built now, it is time for execution. &ldquo The best is yet to come for ST Engineering,&rdquo Chong said. &ldquo I really think so.&rdquo |
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Joelton
Supreme |
28-Apr-2026 11:23
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ST Engineering bags S$4.8 billion in Q1 contracts on Middle East defence, aerospace demand The first-quarter haul is up about S$400 million year-on-year [SINGAPORE] ST Engineering has secured S$4.8 billion in new contracts in the first quarter of 2026, buoyed by a surge in global defence spending and resilient aerospace demand. The technology and defence conglomerate said on Monday (Apr 27) that half the new orders, or S$2.4 billion, came from its defence and public-security segment. The commercial aerospace division brought in S$1.7 billion, and the urban solutions and satellite-communications (satcom) segment, the remaining S$700 million. The first-quarter haul &ndash up about S$400 million from the year-ago period &ndash comes as global defence procurement ramps up amid escalating geopolitical frictions, such as the ongoing US-Israel-Iran war. These contract wins will likely propel ST Engineering&rsquo s total outstanding order book to near-record highs, providing robust revenue visibility for the next two to three years. Expanding Middle East footprint The performance of the defence and public-security segment was driven by the group&rsquo s deepening foothold in the Middle East. Key wins included a breakthrough into the Qatar defence market through a maintenance, repair, and overhaul (MRO) contract valued at about S$470 million. The company also secured a six-year, S$600 million sub-contract from Abu Dhabi Ship Building to design and supply platform systems for the Kuwait Naval Force. Amid the Middle East conflict, the land-systems business recorded a surge in new orders for 40 mm and 155 mm ammunition from various international customers. Domestically, the digital-systems business won several Singapore-based contracts to provide artificial intelligence-enabled, mission-critical command and control systems, high-performance graphics processing unit infrastructure and advanced training simulation suites. The cyber division also secured mandates for advanced cybersecurity systems and secure data transfer products. MRO renewals MRO wins for the quarter included a renewal agreement to support an American airline with airframe heavy maintenance and cabin modifications for its Airbus fleet, as well as a heavy maintenance agreement for an unnamed global air freight operator&rsquo s Boeing fleet. Engine MRO contracts included an agreement with China&rsquo s Xiamen Airlines to support its CFM LEAP-1A engines, which are used on the Airbus A320neo family. Component MRO deals included pacts with Japan&rsquo s Skymark Airlines for its Boeing 737 Max and 737NG aircraft. Demand for engine nacelles and composite floor panels within the aero structures business &ldquo held up well&rdquo , the company noted. Meanwhile, the freighter conversion unit secured contracts for two Airbus A330-300 passenger-to-cargo conversions from aircraft lessors Hengqin Winglet Aircraft Technology and Asia Pacific Aviation Leasing Group. Shooting for the moon Continued demand for smart-city infrastructure drove contract wins for rail electronics solutions for MRT lines in Singapore, a passenger information system for Taiwan&rsquo s Kaohsiung MRT Yellow Line, and smart road projects in the Middle East. The segment&rsquo s tolling business secured back-office and maintenance contracts in the US, while its smart-utilities arm won mandates for a PUB building management system, integrated security solutions in Singapore, and doctor-on-call healthcare platforms in Hong Kong. The satcom business won ground-segment infrastructure contracts from government integrators in Asia and Europe, as well as from satellite operators expanding their networks. This came amid heightened space-sector interest, following the inaugural Space Summit at the Singapore Airshow in February, the establishment of the National Space Agency of Singapore in April and NASA&rsquo s Artemis II moon mission the same month. ST Engineering noted that these Q1 contracts are not expected to have a material impact on its consolidated net tangible assets or earnings per share for the current financial year. The company&rsquo s shares fell 2.5 per cent to close S$0.27 lower at S$10.75 on Monday, prior to the announcement. |
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JurongW
Elite |
27-Apr-2026 18:46
Yells: "Earnings give weight, Chart give wings" |
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STE secured $4.8 billion in contracts in 1QFY26, up from S$4.4 billion in 1QFY25. That is a year on year increase of about 9%, underscoring steady momentum in its order pipeline.
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JurongW
Elite |
27-Apr-2026 18:42
Yells: "Earnings give weight, Chart give wings" |
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ST Engineering Announces $4.8b in Contract Wins for 1Q2026 https://links.sgx.com/1.0.0/corporate-announcements/FMIT3K44J8UIV2CZ/885909_20260427%20SGX_ST%20Engineering%20Announces%20Contract%20Wins%20for%201Q2026.pdf |
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Joelton
Supreme |
24-Apr-2026 11:52
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Hyundai, ST Engineering bid for US$530 million Thai frigate order The Royal Thai Navy aims to have eight frigates in its fleet by 2037, up from the current four [BANGKOK] South Korea&rsquo s Hyundai Heavy Industries and Singapore&rsquo s ST Engineering are among six companies vying for a US$530 million contract to supply a high-capability frigate to Thailand, which is seeking to strengthen its maritime defences. The Royal Thai Navy also received proposals from South Korea&rsquo s Hanwha Ocean, Spain&rsquo s Navantia and Turkey&rsquo s Asfat and Tais Shipyards, according to spokesman Paraj Ratanajaipan. Five other companies that Thailand had previously invited did not submit their bids, he said. The bids will be reviewed by a committee appointed by the navy over the next month, with special attention to the qualifications of the participants, technical proposals, economic and industrial offset proposals, and price points, Paraj said. Thailand is seeking to strengthen its maritime defences by modernising an aging fleet, expanding its frigate numbers and ordering a Chinese-made submarine in an increasingly contested regional environment. The push comes alongside broader military upgrades, including its recent acquisition of Gripen fighter jets from Saab. The Thai navy has said it aims to have eight frigates in its fleet by 2037, up from the current four. More frigates are essential for building the country&rsquo s naval capacity, especially in anti-surface and anti-submarine warfare, it has said. The nation has laid out some conditions for bidders of the frigate contract. The winner will be required to build at least 20 per cent of the frigate in the country. |
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Joelton
Supreme |
24-Apr-2026 11:51
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ST Engineering shrugs off Middle East shocks, stays upbeat on satcom outlook The impact of the conflict is &lsquo assessed to be not material at the group level&rsquo , says CEO Vincent Chong [SINGAPORE] Even as fuel and logistics costs rise, ST Engineering : S63 -1.96% remains upbeat on its ability to deal with the fallout from the war in the Middle East. &ldquo The impact is assessed to be not material at the group level,&rdquo said chief executive officer Vincent Chong at the group&rsquo s annual general meeting (AGM) on Thursday (Apr 23). Speaking to more than 500 shareholders at the Sands Expo and Convention Centre, he revealed that less than 3 per cent of ST Engineering&rsquo s revenue in FY2025 came from the Middle East. The conflict, which began on Feb 28 and is currently on an indefinite ceasefire, has traffic through the Strait of Hormuz grounded to a near standstill. But ST Engineering&rsquo s management said that the group is still relatively insulated from the impact of the war. Most of its electricity usage is passed through to customers. Chong said that half of the amount that is not passed through is hedged. Adjustment factors that will reflect the cost of inflation are also negotiated into ST Engineering&rsquo s contracts. Nonetheless, Chong remains wary of the indirect effects of the conflict, such as increased inflationary pressures, economic downturns, further supply-chain disruptions and effects on global air travel. Cedric Foo, chief financial officer at ST Engineering, noted that while supply-chain disruptions have resulted in higher prices across the board, the group is not competitively disadvantaged. &ldquo So long as you are not disadvantaged against your competition, you can still hold your market share, even if you raise prices.&rdquo Satcom business in the spotlight Both shareholders and the Securities Investors Association (Singapore) or Sias raised concerns about the group&rsquo s satellite communication (satcom) business, following the S$689 million impairment tied largely to ST Engineering&rsquo s satcom unit, iDirect. The impairment largely weighed down the group&rsquo s net profit in the second half of FY2025, leading to an 83.6 per cent slump in net profit to S$59.9 million. The urban solutions and satcom segment sank into the red with a S$567.7 million loss in H2, reversing from earnings of S$31.1 million a year earlier. Despite a challenging operational environment and strong competition, ST Engineering&rsquo s management remains positive on the group&rsquo s satcom business. &ldquo Satcom was a challenging business, and it still is,&rdquo said Chong, noting competition from established players such as SpaceX and Amazon. The group is also optimistic on long-term industry prospects. Chong noted that there is a &ldquo good chance&rdquo that the satcom unit will achieve year-on-year revenue growth in the first quarter of 2026, citing orders in key markets such as Europe and Saudi Arabia. The unit has also made &ldquo good progress&rdquo in cost reduction, with planned initiatives aimed at delivering S$20 million annualised savings, targeted to be achieved by Q2 FY2026. However, Chong does not rule out strategic actions for iDirect. This includes divestments, mergers and &ldquo various other strategic opportunities&rdquo . He added: &ldquo There is no assurance that any strategic options or transactions will take place, but we will always evaluate. Meanwhile, turning around the business is a &lsquo no-regret&rsquo move.&rdquo Twelve resolutions were passed at Thursday&rsquo s AGM, including one to re-elect Chong as a director on ST Engineering&rsquo s board. Shares of ST Engineering closed 2 per cent or S$0.22 lower at S$11.03 on Thursday. |
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JurongW
Elite |
23-Apr-2026 21:12
Yells: "Earnings give weight, Chart give wings" |
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SBB today - 500,000 shares bought at 10.94 to 11.06 ($5,507,995) |
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JurongW
Elite |
23-Apr-2026 19:58
Yells: "Earnings give weight, Chart give wings" |
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AGM presentation slides https://links.sgx.com/1.0.0/corporate-announcements/YXGWCONIRAUHF61B/885416_ST%20Engineering%2029th%20AGM%20GPCEO%20Presentation.pdf Response to SIAS Questions https://links.sgx.com/1.0.0/corporate-announcements/YXGWCONIRAUHF61B/885418_ST%20Engineering%20Responses%20to%20SIAS%202026.pdf |
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JurongW
Elite |
22-Apr-2026 19:48
Yells: "Earnings give weight, Chart give wings" |
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SBB today - 500,000 shares bought at 11.23 to 11.29 ($5,635,161) |
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JurongW
Elite |
17-Apr-2026 17:36
Yells: "Earnings give weight, Chart give wings" |
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STE would like to thank SIAS for its list of questions in advance of our 29th AGM to be held on Thursday, 23 April 2026 at 2:30 p.m. We have provided our responses to the questions received. https://links.sgx.com/1.0.0/corporate-announcements/R4UQPQC28UZQOZ9E/884543_ST%20Engineering%20Responses%20to%20SIAS%202026.pdf |
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Joelton
Supreme |
13-Apr-2026 09:07
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ST Engineering licenses Poland' s Niewiadó w for 40-mm grenade production Singapore Technologies Engineering has licensed an ammunitions manufacturer in Poland to produce 40-mm grenades for the European market. Last October, the Niewiadó w Polish Military Group announced plans to spend PLN 67.4 million, or $23.7 million, to build new production capabilities for 40-mm ammunition using technological know-how from ST Engineering Advanced Material Engineering. ST Engineering, a leading performer among the 30 STI component stocks in the past year, is known to be a leading producer of such 40-mm ammunition. ST Engineering is seeing a growing momentum of defence contracts from overseas. In the past two months, the company announced a $470 million deal to maintain vehicles for Qatar' s army and $600 million to build ships for Kuwait' s navy. This specific licensing arrangement with Niewiadó w was not announced by ST Engineering but was mentioned several times by the local partner in Poland in press releases and interviews over the past few months. In an interview with Defense News published on April 8, Niewiadó w' s CEO Adam Januszko says the 40-mm plant has a planned production capacity of up to 480,000 rounds per year. According to Defense News, Poland plans to spend PLN 23.8 billion (US$6.5 billion) on ammunition and rockets, partly funded by the EU. Niewiadó w estimates that NATO members operate around 42,000 40-mm grenade launchers, with total ammunition stocks of around 42 million rounds. Without specifying the source of info, Niewiadó w says the 40-mm ammunition market in Europe is worth around US$2.3 billion with training needs alone generating annual demand of nearly US$20 million. Besides ST Engineering' s 40-mm, Niewiadó w, which plans to list on the Warsaw Stock Exchange later this month, has a similar arrangement with American contractor Northrop Grumman for 155-mm ammunitions. Januszko says the intention is to &ldquo ensure the sovereignty of deliveries for Poland and NATO allies.&rdquo ST Engineering shares closed at $11.41 on April 10, down 0.35% for the day but up 35.67% year to date. |
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JurongW
Elite |
07-Apr-2026 16:25
Yells: "Earnings give weight, Chart give wings" |
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Now it' s 1143/1144, up by 23 cents. Fantastic day for STE. Should be able to continue its upward momentum to $12 before going XD on 28 Apr.
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