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Two Blokes Thu at 7:45 PM -
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Singapore Technologies Engineering surged 72%, aligning its valuation with peers. Despite potential challenges, it remains a buy due to strong growth prospects in defense and commercial aviation. Revenues grew 12% to S$11.3 billion in 2024, driven by defense and commercial aerospace, with a robust order book of S$28.5 billion. Risks include satellite market challenges, part shortages, and trade war impacts. Opportunities lie in MRO demand, freighter conversions, and defense market growth.
