0642 GMT - Singapore Technologies Engineering's recent share price weakness is a buying opportunity, RHB Singapore research analyst Shekhar Jaiswal writes in a note. The brokerage remains upbeat on the engineering and technology group's outlook. The company could post strong 2024-2026 profit growth due to its commercial aerospace segment, the analyst says. The segment will be supported by continuous demand for aviation maintenance repair and overhaul work, he adds. RHB Singapore maintains the stock's buy rating and target price of S$5.20. Shares are 0.9% higher at S$4.52. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
December 12, 2024 01:43 ET (06:43 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.