SGX:S63Aerospace & Defense
Singapore Technologies Engineering (SGX:S63) Is Up 5.9% After Strong FY2024 Results And Bullish Defence Sentiment
Singapore Technologies Engineering recently reported FY2024 results showing double-digit growth in revenue and net income, and its shares have been trading above their 50- and 200-day moving averages ahead of its next earnings release on 26 February 2026.
Broker commentary has turned more optimistic on defence companies like Singapore Technologies Engineering as governments emphasise deterrence and consider higher defence budgets, potentially reinforcing interest in the group’s defence and...