ST Engineering call jumps 83% as stock rallies to SGX Academy Trainer Joey Choy's $11 target after 1.5 months

Macquarie Warrants Singapore
03-03 11:42

💫 $ST Engineering(S63.SI)$ shares traded to a high of $11.18 today, above the $11 target price mentioned by SGX Academy Trainer Joey Choy in a 22 January article published by us: https://warrants.com.sg/marketnews/highlight/todayhighlight/7806

🔥 The call warrant mentioned in the article $STEng MBeCW260630(XX5W.SI)$ (https://warrants.com.sg/tools/livematrix) jumped 83% to $0.077 as ST Engineering shares traded at $11 today. XX5W which is trading 35.7% higher to $0.076 as of 1125AM, is seeing holders exit their positions in this warrant.

📈STE shares have jumped 10% in just two days, following the outbreak of war over the weekend between US-Israel and Iran

📢On 27 Feb after STE announced its FY25 earnings which were down 34% year on year and significantly below analysts estimates, its shares were down as much as 4.6%, its steepest fall since 18 August 2025

🦺While STE expects to double its new international defense contract wins to over $1.2 billion in 2026, the share price resurgence is pinned down solely to the flock

to safety in defensive names by cautious investors this

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.

Comments

We need your insight to fill this gap
Leave a comment