Singapore, February 1, 2026, 15:00 SGT — The market has closed.
- ST Engineering shares ended Friday at S$9.80, climbing 1.6% and hovering close to a 52-week peak.
- Recent contract wins and defence-related projects have kept the stock active as the new week begins.
- Investors are now eyeing the company’s FY2025 results, set for Feb 27.
Singapore Technologies Engineering Ltd shares climbed 1.55% on Friday, closing at S$9.80. Trading volume reached 7.18 million shares, with the price peaking at S$9.81 during the session. (Investing)
Since the Singapore market is closed on Sunday, all eyes turn to Monday’s open and a packed week ahead on the company’s public calendar. ST Engineering announced Sunday it will be the largest exhibitor at Singapore Airshow 2026, scheduled for Feb 3-8. Mervyn Tan, the group COO for Technology & Innovation, described the event as its “proving ground.” (ST Engineering)
The broader market wrapped up last week with a dip. Singapore’s Straits Times Index dropped 0.5% on Friday. ST Engineering, however, climbed and stayed close to the upper end of its recent trading range. (The Straits Times)
The stock’s surge is tied to fresh order news. The company announced around $4.7 billion in new contracts for the fourth quarter, pushing 2025’s total contract awards to a record $18.7 billion — a 49% jump from 2024. Defence and public security accounted for the largest share. Commercial aerospace wins included maintenance, repair, and overhaul (MRO) work — essentially aircraft upkeep — highlighted by a five-year nacelle support deal for LOT Polish Airlines’ Boeing 787 fleet. (ST Engineering)
Defence projects follow their own pace. In December, ST Engineering announced its Land Systems unit landed a contract from Singapore’s Ministry of Defence (MINDEF) for next-generation infantry fighting vehicles. Deliveries are set to begin in 2028, built on the Terrex s5 platform. “MINDEF’s selection of the Terrex s5 … reaffirms our ability in designing and building advanced armoured mobility platforms,” said Lim Kok Ann, president of the Land Systems business. (ST Engineering)
Broker notes have followed the rally closely. RHB Bank maintained its “buy” rating and raised the target price to S$10.70. Analyst Shekhar Jaiswal highlighted the group’s strong contract momentum and an “improving balance sheet post divestments.” He pointed to “record 2025 contract wins” as a key driver behind the upbeat outlook. (The Business Times)
Traders face a key question on Monday: will the stock keep climbing or pause for a breather? Airshow week often brings headlines but can also mean back-to-back customer meetings with little market-moving news.
There’s a catch. As the share price climbs, tolerance for any slip—be it softer order intake, weaker aerospace margins, or delays in turning contracts into booked revenue—dwindles sharply.
Mark your calendar: ST Engineering is scheduled to report its full-year FY2025 results on Feb 27 before the Singapore market opens. An analyst and media briefing will follow at 11:00 a.m. local time. (Sgx)
