Singapore, Jan 20, 2026, 15:33 SGT — Regular session
- ST Engineering shares dipped roughly 1.3% in afternoon trading, following Monday’s close at S$9.64.
- Traders noted a technical pullback following the stock’s surge toward the S$10 level late last year.
- Attention turns to the Singapore Airshow, running Feb 3-8, along with the upcoming FY2025 results period for the company.
Shares of Singapore Technologies Engineering Ltd slipped 1.3% to S$9.51 by mid-afternoon Tuesday, down from Monday’s close of S$9.64, data from Investing.com shows. The stock has oscillated between S$9.51 and S$9.64 during the session and remains just shy of its 52-week peak at S$9.69. It’s still trading above Investing.com’s average analyst target of roughly S$9.20.
The dip is notable since ST Engineering has stood out among Singapore’s blue chips lately, buoyed by defence-linked stocks attracting buyers amid ongoing global security worries.
At this stage, even minor shifts can seem amplified. A quick dip might shake out late buyers, particularly with earnings and event risks looming close.
Gerald Wong from Beansprout noted in a Monday market update that ST Engineering is pushing its 2025 gains closer to the S$10.00 mark. He also flagged that certain indicators appear stretched following this rally.
The next key event is the Singapore Airshow, set for Feb. 3-8 at Changi Exhibition Centre. Aerospace and defense suppliers typically seize the opportunity to schedule meetings and unveil new projects during the week.
In a Dec. 30 update, the company said it anticipates posting a positive net profit for the second half of 2025, factoring in “all the one-off effects” during that timeframe. https://www.stengg.com/en/newsroom/news-releases/st-engineering-expects-to-report-positive-net-profit-for-second-half-2025/
The longer-term bull case still hinges on backlog. On Nov. 12, ST Engineering reported its order book reached S$32.6 billion at the end of September 2025, boosted by S$14.0 billion in contract wins during the first nine months of 2025.
Investors remain fixated on a significant risk: ST Engineering took a S$667 million non-cash impairment charge on its iDirect group last November and is now weighing strategic options for that unit.
Traders are eyeing if the stock can stay above today’s low around S$9.51 and push back above Monday’s closing price. The spotlight will then shift to the FY2025 earnings release, set for Feb. 26, according to TradingView’s earnings calendar.
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