ST Engineering stock rises as DBS lifts target price to S$10.20, flags “clearer winners” in defence, MRO
ST Engineering shares rose 1.4% to S$9.52 by 3:37 p.m. Thursday after DBS raised its target price to S$10.20 and reiterated a “buy” rating. DBS cited stable earnings from defence and aviation services amid strong demand for maintenance work. Trading volume reached about 3.6 million shares. Investors await updates tied to the Singapore Airshow and the company’s full-year results in February.