ST Engineering up 7.3% on Q2 contract wins
ST Engineering soared on Thursday (Jul 24) morning after the group announced that it bagged S$4.7 billion in contracts for Q2 2025.
As at 9.58 am, the counter was trading at S$8.87, 7.3 per cent or S$0.60 above Wednesday’s closing price of S$8.27, with some 7.1 million shares changing hands.
By 10.35 am, it eased to S$8.83, still 6.8 per cent or S$0.56 above Wednesday’s closing price, with around 8.1 million shares transacted.
On Wednesday, the company announced that it won contracts worth S$1.5 billion from its commercial aerospace segment, S$1.5 billion from its defence and public security segment, and S$1.7 billion from its urban solutions and satcom segment.
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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Vanity Fair Fashion.
