💫 $ST Engineering(S63.SI)$ 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
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