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Posted by
Two Blokes Mon at 11:30 AM -
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I rate Singapore Technologies Engineering as a Hold; its Q1 '25 results suggest that the strength of the defense division could be offset by its aerospace unit's weakness in the future. The defense & public security business has a positive outlook, considering that the world is becoming less peaceful and this division has overseas growth potential. But STEL's aerospace operations may face tariff-related headwinds due to the segment's revenue concentration in the U.S.
