---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000885304.md"
description: "$ST Engineering(S63.SG)ST Engineering: Rail Wins Add Fuel to an Already Strong EngineST Engineering’s S$750 million Taoyuan Green Line contract is more than headline value: it reinforces the Urban Solutions turnaround and adds seven years of relatively visible revenue from Q4 2026. Together with the S$840 million Taoyuan Brown Line win, Taiwan is becoming a meaningful growth market. (The Straits Times⁠)Fundamentally, the story is strengthening. 1H26 revenue rose 11% to S$6.57 billion while net profit jumped 27% to S$512 million, with EBIT margins expanding. Its record S$35.7 billion order book provides strong visibility, including S$5.7 billion earmarked for delivery in 2H26. (ST Engineering⁠)At S$10.58, FY26 earnings imply roughly 30x P/E—no longer cheap, but justified if earnings compound. DBS forecasts S$1.08 billion FY26 net profit and values the stock at S$12.40; Phillip targets S$13.00. (DBS Singapore⁠)Technically, the pullback from S$10.96 offers a more attractive entry than chasing the recent rally. Dividend investors also have reason to stay interested: the FY26 policy adds one-third of incremental profit to the S$0.18 base, implying roughly S$0.25/share on current estimates. That points to ~2.4% yield with further growth potential. (ST Engineering⁠)View: BUY on weakness. The combination of defence, aerospace, smart-city contracts and dividend growth makes the road ahead increasingly compelling.Not financial advice."
datetime: "2026-09-04T00:16:32.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000885304.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000885304.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000885304.md)
author: "[FaithAnchor](https://longbridge.com/en/profiles/24833348.md)"
generator: "portal-rs"
---

# $ST Engineering(S63.SG)ST Engineering: Rail Wins A…


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## Comments (1)

- **Fattycat · 2026-09-04T00:26:39.000Z**: Mostly defence contracts. Very firm company.Recently I had a chat with someone and this guy joke about ST engineering . He mentioned that ST Engineering has so many subsidiaries that the CEO couldn’t even finish visiting all of them in a single year! 😮 … and it’s still expanding…🤭


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