Singapore, January 8, 2026, 15:50 SGT — Regular session
- ST Engineering shares rose 0.9% in afternoon trade after a TransCore update on a U.S. tolling system rollout.
- Investors are watching whether the group’s digital and infrastructure businesses can add steadier, service-led growth ahead of results later this month.
Shares of Singapore Technologies Engineering Ltd rose on Thursday, lifting the Singapore defence and engineering group closer to recent highs after a U.S. unit flagged progress on a tolling project.
TransCore said the Delaware Department of Transportation had gone live with the latest generation of its Integrity back-office system — software that handles toll transactions and E‑ZPass account management — and that the rollout met the project schedule. “This upgrade improves the customer experience,” DelDOT secretary Shanté Hastings said in the statement. ST Engineering
ST Engineering was up 0.9% at S$8.98 by 3:30 p.m. SGT. The stock traded between S$8.88 and S$8.99, not far off its 52-week high of S$9.07, with the next results due on Feb. 26, according to Investing.com data.
The move came as markets broadly cooled after a strong start to 2026, with investors keeping an eye on oil prices and U.S. nonfarm payrolls for clues on the path for interest rates.
Singapore’s benchmark Straits Times Index was little changed on the day, hovering around record levels after the early-January run-up in local equities.
For ST Engineering, contract execution and the pace of converting wins into revenue remain a key focus. In its latest business update, the group said it had secured $14.0 billion of new contracts in the first nine months of 2025, taking its order book to $32.6 billion as of end-September, and flagged a planned final and special dividend for FY2025, subject to shareholder approval.
Still, TransCore did not disclose the financial terms of the Delaware rollout, leaving investors to judge how much near-term earnings lift it can provide. Project timelines can also slip, and a softer macro backdrop could weigh on demand in parts of the group’s commercial businesses.
