ST Engineering climbs 8.1% to record high on Q2 contract wins
The counter is up 91.2% year to date from its S$4.66 closing price on Dec 31, 2024
[SINGAPORE] Shares of ST Engineering soared on Thursday (Jul 24) after the group announced that it had bagged S$4.7 billion in contracts for the second quarter of 2025.
As at 1.42 pm, the counter was trading at an all-time high of S$8.94, with some 10.7 million shares transacted. This was 8.1 per cent or S$0.67 above Wednesday’s closing price of S$8.27.
The counter ended the day 7.1 per cent or S$0.59 higher at S$8.86, after 14.5 million shares changed hands.
On Wednesday, the company announced that it had won contracts worth S$1.5 billion through its commercial aerospace segment, S$1.5 billion from its defence and public security segment, and S$1.7 billion from its urban solutions and satcom segment.
On a tear
ST Engineering shares have been on a tear this year, hitting successive records. On Feb 28, the counter hit an all-time high following record second-half earnings, revenue and orderbook levels.
For the full year ended December 2024, the company’s net profit rose 19.7 per cent to S$702.3 million, as revenue climbed 11.6 per cent to S$11.3 billion, the highest posted.
Year to date, the counter has nearly doubled in price. It has soared 91.2 per cent from its closing price of S$4.66 on the last trading day of 2024.
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