Aerospace and Defense

ST Engineering

ST Engineering Q1 FY2026 Revenue Up 11%, Secures S$4.8B in New Contracts

Newtech Engineering Secures Two Smart Mobility Projects in the Middle East

HTX and ST Engineering Sign Collaboration Memorandum to Jointly Develop Space-based Capabilities

Nexstgo Announces $4.8 Billion in New Contracts for Q1 of 2026 Fiscal Year

CGS International downgrades Sembcorp Marine's stock rating to 'Hold'

Keppel Offshore & Marine Secures A$600 Million Subcontract From ADSB

ST Engineering Releases Annual Report Proposing Repurchase and Renewed Authorization

ST Engineering and ValueTech to Benefit from Increased Singapore Defense Spending

ST Engineering Implements Smart Traffic System for LTA in Singapore

ST Engineering Repurchased 500,000 Shares

ST Engineering released FY2025 Q3 earnings on February 27, 2026 (SGT), with actual revenue of SGD 3.215 B and EPS of SGD 0.0095

ST Engineering released FY2025 9 Months Earnings on February 27, 2026 (SGT), with actual revenue of SGD 9.131 B and EPS of SGD 0.1376

NewTech Engineering Sees 83.6% Drop in Net Profit for H2 FY2025, Operating Profit Up 22.5%

ST Engineering released FY2025 Q4 earnings on February 27 Pre-Market (SGT), actual revenue SGD 3.215 B, actual EPS SGD 0.0094

ST Engineering released FY2025 Annual Earnings on February 27 Pre-Market (SGT), Actual Revenue SGD 12.35 B (Forecast SGD 12.33 B), Actual EPS SGD 0.1471 (Forecast SGD 0.1491)

Newtech Engineering Signs 315 Million Euro Maintenance Contract with Barzan Maintenance Shield

Newtech Engineering iDirect and AiTelecom Collaborating on Satellite Ground System Deployment in Mexico

NewTech iDirect Selected by Raytheon to Support NATO ESSM Missile Phase II Project

ST Engineering to release FY2025 earnings on February 27 Pre-Market (SGT), forecast revenue SGD 12.33 B, EPS SGD 0.1491

Morgan Stanley Maintains Buy Rating and Price Target for ST Engineering

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Ordinary dividend (cash)

Ex Date: 2026.05.26, Cash dividend 0.04 SGD

On May 18, the Straits Times Index (STI) rose by 0.15% to close at 4,996.750. ST Engineering led the market with a 4.05% increase, followed by Thai Beverage Public Company (+3.49%) and Singtel (+1.04%). Hongkong Land and Wilmar International were the least active stocks.

Singapore Business Review

FTSE Straits Times Index

ThaiBev

SingTel

Singtel

HongkongLand USD

Wilmar

Daily Markets Briefing: STI up 0.15%; Top stock is ST Engineering

Singapore stocks closed higher on May 18, with the Straits Times Index (STI) gaining 0.2% to 4,996.75. ST Engineering led gains, rising 4.1%, while Hongkong Land fell 2.7%. The Infocomm Media Development Authority halted the M1-Simba Telecom consolidation assessment. Local banks had mixed results, with DBS up 0.9% and UOB down slightly. Across the broader market, losers outnumbered gainers 437 to 221, amid mixed regional indices.

Businesstimes News

STI ETF

Singapore stocks end higher amid mixed regional showing; STI up 0.2%

Singapore's exports surged 24.5% in April, driven by strong AI demand. However, energy transition costs may rise due to the Iran war. UOB Kay Hian downgraded ComfortDelGro to 'hold' after disappointing Q1 earnings. FoodXervices faces challenges from a failed property bet and pandemic impacts. Grab and Sea focus on affordability to maintain growth amid economic uncertainty. ST Engineering reported an 11% revenue increase to S$3.3 billion in Q1.

ComfortDelGro

Grab

OCBC Bank

UOB Kay Hian

GRAB - CW25

Daily Debrief: What Happened Today (May 18)

ST Engineering reported an 11% increase in Q1 revenue to S$3.3 billion, driven by strong growth across all core segments. The defence and public security segment generated S$1.4 billion, while commercial aerospace reached S$1.3 billion. The company secured S$4.8 billion in new contracts, raising its backlog to S$34.5 billion. An interim dividend of S$0.04 per share was declared. The impact of the Middle East conflict on finances is deemed minimal, with ongoing projects facing limited delays.

ST Engineering Q1 revenue rises 11% to S$3.3 billion on strong segment growth

ST Engineering has secured two smart mobility contracts in the Middle East worth over $100 million. The projects include maintenance of Qatar's intelligent transport system and the deployment of the GoParkin smart parking solution in Jordan. The three-year contract for Qatar's Road Management Centre began in Q1, focusing on system maintenance and upgrades. In Jordan, the GoParkin system will be implemented at King Hussein Business Park, starting in Q3 2026, featuring automatic number plate recognition and electric vehicle charging capabilities.

ST Engineering lands $100m smart mobility contracts in Middle East

The latest updates on stocks include OCBC, which reported a 5% rise in Q1 net profit to S$1.97 billion, exceeding estimates, but shares fell 0.6% to S$21.88. ST Engineering secured two smart mobility projects in the Middle East worth over S$100 million, yet shares dropped 1.6% to S$10.74. Frasers Property experienced a 37.8% decline in net profit to S$88.4 million due to an impairment in Thailand, with shares remaining unchanged at S$1.14.

Frasers Property

Stocks to watch: OCBC, ST Engineering, Frasers Property

ST Engineering(S63.SG)