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ST Engineering remains a defensive, safe-haven pick, analysts say
New, leaner organisational structure is seen sharpening business focus
Published Thu, Nov 19, 2020 · 09:50 PM
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Singapore
ST ENGINEERING remains a defensive, safe-haven pick, amid better-than-expected order wins in the third quarter and a new, leaner organisational structure, according to analysts.
The group on Tuesday announced S$1.7 billion in order wins in Q3, with a particularly strong showing for the electronics division, which clinched S$1.1 billion worth of new orders.
DBS analysts Suvro Sarkar and Jason Sum said in a research note t…
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