Recovery in Air Travel Bodes Well for ST Engineering -- Market Talk
Recovery in Air Travel Bodes Well for ST Engineering -- Market Talk
0721 GMT - Singapore Technologies Engineering could have a net profit CAGR of 8% to 2023, and a likely profit CAGR of 6.6% from 2023-2026, if the company sustains its current net margin of 7.3%, RHB Research says. The broker's bullish forecast stems from the recovery in international air travel and the company's contract wins in its "defensive" business units in the commercial-aerospace, smart-city and defense sectors. RHB reiterates its positive view on the stock, and retains a buy rating and S$4.85 target price. ST Engineering is 1.3% lower at S$3.87. (yongchang.chin@wsj.com)
0721GMT-RHB Research表示，如果新加坡技術工程公司(Singapore Technologies Engineering)保持目前7.3%的淨利潤率，到2023年，該公司的淨利潤年複合增長率可能為8%，2023-2026年的淨利潤年複合增長率可能為6.6%。該經紀商的樂觀預測源於國際航空旅行的復甦，以及該公司在商業航空、智能城市和國防領域的“防禦性”業務部門贏得的合同。RHB重申其對該股的積極看法，並保留買入評級和4.85新元的目標價。ST Engineering下跌1.3%，至3.87新元。(yongchang.chin@wsj.com)
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