SGX:S63

ST Engineering's Urban Solutions Wins $750 Million Taoyuan MRT Green Line Turnkey Contract

ST Engineering's (SGX:S63) Urban Solutions business has secured a $750 million turnkey rail services contract from the Taoyuan City Government for the Taoyuan MRT Green Line Extension.The project, recently awarded this month, was part of a broader consortium deal with Hyundai Rotem (KRX:064350), according to a statement on Wednesday.ST Engineering will take charge of overall project management, systems integration, and provide rail electronics solutions while Hyundai Rotem supplies the power system and rolling stock.The company will also collaborate with partners to integrate signalling, depot equipment, and track works.Project execution is scheduled to begin in the fourth quarter of the year with a seven-year delivery timeline.

ST Engineering's Attributable Profit Rises 27% in H1

Singapore Technologies Engineering or ST Engineering (SGX:S63) recorded a 27.1% growth in attributable profit to SG$512.1 million in the first half of 2026 from SG$402.8 million a year prior, according to a Thursday filing with the Singapore Exchange.Earnings per share increased to SG$0.1643 from SG$0.1293 in the year-ago period, the engineering company said.Revenue rose 11.1% year over year to SG$6.57 billion from SG$5.92 billion.The company declared an interim dividend of SG$0.05 per ordinary share, payable Sept. 4.

ST Engineering Bags New Orders Worth SG$2.9 Billion in Q2

Singapore Technologies Engineering (SGX:S63) received new orders worth SG$2.9 billion in the second quarter, according to a Friday filing to the Singapore Exchange.Of the total, the company secured orders of SG$1.2 billion from the commercial aerospace segment across its maintenance, repair and overhaul (MRO) and aerostructures and systems (A&S) businesses.It also won orders worth SG$1.2 billion from the defense and public security segment, and SG$500 million from the urban solutions and satcom segment.Including these new wins and the recognition of the $1.3 billion New Jersey Turnpike Authority (NJTA) E-ZPass Services contract during the quarter, the group's order book increased to SG$35.7 billion at the end of June.

ST Engineering Names Deputy CEO

ST Engineering (SGX:S63) named Lam Wai Meng Jeffrey as its deputy chief executive officer, effective June 1, according to a Thursday Singapore bourse filing.Shares of the engineering company were up nearly 2% in Friday trading.Jeffrey presently holds multiple roles across the company's units.

Singapore Shares Close Higher Despite Stalling US-Iran Talks; Nam Cheong Down 6%

Singapore shares closed in black on Monday, despite broader regional losses amid continued stalling talks between the US and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,956.53 and 4,999.93 throughout the day. It ended the session at 4,996.75, up 7.67 points or 0.2% compared to Friday's close.Iran's Foreign Ministry spokesperson confirmed that talks between the two countries are ongoing through Pakistan.In economic news, Singapore's non-oil domestic exports (NODX) jumped 24.5% year over year in April, extending the 15.3% increase in the previous month, according to data released by Enterprise Singapore.On the corporate front, shares of Nam Cheong (SGX:1MZ) closed nearly 6% lower even though the marine company's attributable profit to owners surged 159.5% during the first quarter of the year to 78.9 million ringgit from 30.4 million ringgit a year earlier.ST Engineering's (SGX:S63) shares were up over 4% as its revenue climbed 11% in the first quarter of the year to SG$3.26 billion from SG$2.92 billion a year earlier.Meanwhile, shares of Rex International (SGX:5WH) closed over 2% lower with the oil and gas firm conforming it will temporarily discontinue reporting of monthly production figures across its assets in the Middle East, Norway and Germany.

ST Engineering's Revenue Jumps 11% in Q1

ST Engineering's (SGX:S63) revenue climbed 11% in the first quarter of the year to SG$3.26 billion from SG$2.92 billion a year earlier, according to a Monday filing with the Singapore Exchange.The strong revenue was driven by growth across all key segments.The company bagged contracts worth SG$4.8 billion during the period, taking its overall order book as at March 31 to SG$34.5 billion.Shares of the technology, defense and engineering group were up nearly 2% in Monday trading.

Nomura Adjusts Singapore Technologies Engineering's Price Target to SG$10.22 from SG$8.90, Keeps at Neutral

ST Engineering Bags Contracts Worth SG$4.8 Billion in Q1

ST Engineering (SGX:S63) secured contracts worth SG$4.8 billion during the first quarter of the year, according to a Monday filing with the Singapore Exchange.The contracts comprise a SG$1.7 billion from the commercial aerospace segment, SG$2.4 billion from the defense and public security segment and around SG$700 million from the urban solutions and satcom segment.