Brokers' take
ST Engineering I BUY (upgraded) Sept 18 close: S$3.96 Target price: S$4.34 UOB Kay Hian Research, Sept 18
Six months after acquiring Newtec for S$383 million, ST Engineering (STE) has made yet another satellite communications (satcom) acquisition - Glowlink Communications Technology (Glowlink) - via its US subsidiary I-Direct.
Newtec is currently focused on supporting IP-based satellite broadcast for real-time content distribution, and Glowlink's anti-jamming capabilities will likely be integrated to advance Newtec's product offering to customers such as Space X…
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