Analyst Perspectives

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  Nomura: Raised the target price to S$8.90, maintaining a " Buy" rating.
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  RHB Securities: Adjusted the target price to S$8.30, also with a " Buy" recommendation.
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  UOB Kay Hian: Downgraded to " Hold" with a target price of S$7.37, citing valuation concerns.
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  Consensus Estimate: As of May 9, 2025, the average target price stands at S$6.867, suggesting a potential downside from current levels. MarketScreenerBeansprout

📊 Technical Analysis

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  Resistance Level: The S$7.85 mark is a key psychological resistance.
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  Momentum: Recent price movements indicate bullish momentum, but approaching resistance levels may lead to consolidation or pullback.

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  Revenue Growth: ST Engineering is targeting a revenue compound annual growth rate (CAGR) of over 9% from 2024 to 2029, driven by its diversified business segments, including aerospace, defense, and smart city solutions. Morningstar
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  Order Book Strength: As of early 2025, the company reported a significant increase in new orders, with a 45% year-over-year rise to S$4.4 billion, bringing the outstanding order book to S$29.8 billion. POEMS
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  Strategic Initiatives: ST Engineering is expanding its capabilities in areas such as digitalization, cybersecurity, and urban solutions, positioning itself to capitalize on emerging market trends.
  
  Analyst projections for ST Engineering' s share price over the next few years are optimistic:
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  12-Month Targets: Analysts have set price targets ranging from S$7.37 to S$8.30, with a median target of S$7.75, indicating potential upside from current levels. SG Investors+1TipRanks+1
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  Long-Term Forecast: Technical analysis forecasts suggest that the share price could reach approximately S$9.32 by 2030, reflecting steady growth over the next five years. Walletinvestor.c