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. Investing
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. Growbeansprout
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. Singaporeairshow
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. Stengg
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. Sgx
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. Sgx
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. Tradingview
