SINGAPORE, Jan 24, 2026, 15:06 SGT — Market closed
- ST Engineering shares ended at S$9.36, slipping 0.2%, even as the STI notched a record close on Friday
- The group secured a five-year Boeing 787 nacelle MRO contract with LOT Polish Airlines
- Investors eye MAS policy guidance set for Jan 29, with ST Engineering’s earnings due Feb 26
Shares of Singapore Technologies Engineering Ltd slipped 0.21% to close at S$9.36 on Friday, moving against the grain of a wider Singapore market rally. The stock, listed as ST Engineering (SGX: S63), saw its latest update after the market closed.
That small drop arrives while shares remain close to the peak of their 52-week span, leaving minimal space for any weak headlines. Over the last year, the stock’s price has fluctuated between S$4.71 and S$9.69, based on exchange data.
Singapore’s benchmark Straits Times Index ended Friday at a record 4,891.45, having flirted with an intraday high of 4,895.15, driven by gains in heavyweight banks. Some defensive and industrial stocks, like ST Engineering, trailed behind as the market headed into the weekend.
ST Engineering’s Commercial Aerospace unit announced on Thursday it has locked in an exclusive five-year nacelle maintenance, repair and overhaul (MRO) deal for LOT Polish Airlines’ fleet of 15 Boeing 787 Dreamliners. Henrik Scholtfeldt, head of global nacelle MRO at ST Engineering, said the contract “reflects LOT Polish Airlines’ continued trust and confidence in us.” The company highlighted a move toward predictive maintenance—leveraging data to foresee faults—to reduce unscheduled removals and speed up turnaround times. stengg.com
The defence sector also showed momentum. Jane’s reported that ST Engineering revealed an amphibious, seagoing version of its Terrex s5 infantry fighting vehicle at DIMDEX in Doha and inked a services deal with Qatar. An engineer from the company told the publication the amphibious model can handle operations up to Sea State 3.
In a separate filing with the Singapore Exchange, the company revealed it granted 17,759 shares under its Restricted Share Plan 2020 on Jan. 22, priced at S$9.380 each. The filing noted no shares were allocated to directors. The award will vest in thirds from 2026 through 2028.
Price moves have been more erratic than Friday’s close indicated. ST Engineering dropped close to 2% on Thursday, slipping back from earlier this week’s peak of S$9.69 recorded on Monday, according to data.
Macro factors might weigh in next week. Official figures revealed Singapore’s core inflation at 1.2% year-on-year in December. Both the MAS and the trade ministry warned inflation could climb in 2026. The MAS is set to update its forecasts in the policy statement due Jan. 29.
The immediate question for the shares is whether contract announcements will actually boost margins and cash—not just backlog figures. If order flow softens, airline demand slows, or the MAS turns more hawkish than anticipated, the stock could lose momentum, especially trading close to its peak.
Traders will be eyeing whether the shares regain the STI’s momentum in the next session. The key date, however, is Feb. 26, when ST Engineering is set to release its earnings, per WSJ market data.
