---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000861743.md"
description: "$ST Engineering(S63.SG)ST Engineering (S63): Defence Spending Meets Earnings MomentumST Engineering’s defence story is becoming harder to ignore. Management sees an S$11bn international defence pipeline over the next 18–20 months, spanning ammunition, counter/offensive-drone systems, armoured mobility, satellite-enabled battlefield awareness and resilient local supply chains.The fundamentals are equally compelling. 1H26 net profit rose 27.1% to S$512.1m, with revenue growth and operating leverage from sustained cost savings. Its order book reached S$34.5bn at March 2026, providing substantial earnings visibility. (ST Engineering⁠)Technically, the setup remains constructive: the 200-day MA is around S$9.94, while MACD remains bullish. At roughly S$10.6–10.96, however, the stock is no longer cheap. FY26 estimates imply about 33x earnings, with Maybank’s S$12.50 target and consensus around S$11.58 offering further upside, but valuation leaves less room for disappointment. (TipRanks⁠)Verdict: HOLD / BUY ON PULLBACK. Existing investors should hold; new investors should accumulate in tranches around weakness rather than chase the defence rally.Not financial advice."
datetime: "2026-08-20T00:14:08.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000861743.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000861743.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000861743.md)
author: "[FaithAnchor](https://longbridge.com/en/profiles/24833348.md)"
generator: "portal-rs"
---

# $ST Engineering(S63.SG)ST Engineering (S63): Defen…


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## Comments (2)

- **Fattycat · 2026-08-20T05:26:40.000Z**: Wait for healthy correction. No need to buy when STi index at high side. 😉. Be defensive and prudent .
- **KopiO · 2026-08-20T03:08:37.000Z · 👍 1**: order book is 35.7b as of end june, the 34.5 was March. holding mine from 7.80, not adding at 33x.


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**