ST ENGINEERINGLong
ST Engineering Break $4 - Is it a Good Buy?
ST Engineering's share price finally breaks $4, records a 52-week high at $4.04 today.
From what I saw on Moomoo forum. The break out signals has captured investor attention excited them for a trading opportunity.
In fundamental speaking, ST Engineering has demonstrated robust performance. Its annual revenue surpassed $10 billion, marking a 12% increase from the previous year. Net profit also saw a healthy growth of 10% to $586 million. The debt reduced by 7% records a a lower debt-to-EBITDA leverage ratio of 5.2 to 4.2.
Notably, the commercial aerospace segment experienced remarkable 31% revenue growth, surpassing the 2026 target. The order book stands strong at $27.4 billion, with $7.9 billion expected to be delivered in 2024.
Benefits from regional confrontation?
The increasing of the global arms conflicts has strengthen the demand for military supplies, leading to record-high military budgets and spending for countries like the USA, China, Japan, Singapore, Poland, etc.
To be noted that: ST Engineering isn't a pure play defence player, like Raytheon and Lockheed Martin. The management's have restructure the business segment from 5 to 4 with emphasis on city solutions and ICT.
Would you buy ST Engineering? Let's discuss
From what I saw on Moomoo forum. The break out signals has captured investor attention excited them for a trading opportunity.
In fundamental speaking, ST Engineering has demonstrated robust performance. Its annual revenue surpassed $10 billion, marking a 12% increase from the previous year. Net profit also saw a healthy growth of 10% to $586 million. The debt reduced by 7% records a a lower debt-to-EBITDA leverage ratio of 5.2 to 4.2.
Notably, the commercial aerospace segment experienced remarkable 31% revenue growth, surpassing the 2026 target. The order book stands strong at $27.4 billion, with $7.9 billion expected to be delivered in 2024.
Benefits from regional confrontation?
The increasing of the global arms conflicts has strengthen the demand for military supplies, leading to record-high military budgets and spending for countries like the USA, China, Japan, Singapore, Poland, etc.
To be noted that: ST Engineering isn't a pure play defence player, like Raytheon and Lockheed Martin. The management's have restructure the business segment from 5 to 4 with emphasis on city solutions and ICT.
Would you buy ST Engineering? Let's discuss
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