Singapore, Feb 10, 2026, 15:12 SGT — Regular session
- ST Engineering edged up roughly 0.3% on Tuesday, building on Monday’s 4.1% surge that pushed the stock to a record high at the close.
- Investors sift through a wave of Singapore Airshow announcements—product launches, fresh partnerships, new drones, even a marine craft making headlines.
- Attention shifts to the company’s full-year results and guidance, set for Feb 27.
ST Engineering shares nudged up 0.3% to S$10.14 Tuesday afternoon, hovering just below their all-time high after surging in the previous session. On Monday, the stock closed at S$10.11, having reached S$10.15 earlier in the day. 1
ST Engineering’s push into new platforms is drawing attention, especially as investors count on its reliable cash flows from aerospace and defence. The stock has climbed past S$10, putting the spotlight on whether earnings and order flow can stay strong enough to justify the move.
Shares spiked on Monday after a string of updates tied to the Singapore Airshow, just wrapped. ST Engineering is pushing its AirFish hovercraft-style vessel for passenger trips linking Singapore and Batam starting in the back half of 2026, rolling out fresh satellite projects, and showing off its biggest cargo drone yet, The Business Times reported. The company also struck a deal with U.S. defense tech outfit Shield AI to bring Hivemind autonomy software onto its drone lineup. On the commercial side, its aerospace division inked major MRO contracts—think heavy-duty aircraft servicing—with Delta Air Lines and Xiamen Airlines, according to the paper. 2
Jeffrey Lam, who heads ST Engineering’s commercial aerospace unit, called drones “a new market – in a way, it’s a disruptor,” pointing to uses that run from cargo runs to inspection work. The company took the wraps off its DrN-600, an all-electric eVTOL cargo drone, Reuters said. It’s meant to haul 100 kg for more than 70 km, with certification targeted for 2028. 3
Lee Shiang Long, group chief technology officer, told a panel at the airshow that the company plans to partner with Shield AI and roll out Hivemind, software designed to bring autonomous capabilities to drones, according to Reuters. 4
ST Engineering plans to build a four-satellite radar constellation in Singapore, a project that also includes Nebula, a laser communications demo set for the back half of 2026, and NeuSAR-2, which is expected by 2030, according to The Business Times. “Our innovative satellite systems and geospatial solutions … leverage artificial intelligence to solve real-world problems,” said Low Jin Phang, chief operating officer for defence and public security. 5
ST Engineering is set to report FY2025 results on Feb 27, ahead of the Singapore market’s open, according to an exchange filing. An analyst and media briefing follows at 11 a.m. local time. 6
The stock’s lofty price is drawing fresh valuation concerns. Out of 15 analysts polled by Investing.com, the average 12-month price target lands at S$9.60—lower than Tuesday’s closing level. 7
Still, excitement at the airshow doesn’t show up in the books just yet. AirFish services, cargo drones—none of it moves forward without regulatory green lights and signed-off certifications. Early buzz from customers? That doesn’t guarantee quick shipments when pilots take things past the prototype stage.
All eyes now turn to Feb 27. That’s when the company drops earnings and guidance—a moment that could show if the record share price has jumped beyond anything management can credibly lay out for 2026.
