ST Engineering seems to restart its soaring direction. Hope that it can sustain further with the upward trend. Recent considerable improved target prices by RHB, CGS and Maybank definitely helps to reverse the last dip. In the longer term, ST should move nearer to the target prices in view of its high book orders, etc.. Moreover, it aims for SGD17bil in revenue by 2029 as well, which is an excellent direction from the company moving forward. Also understand that company will maintaits R&D spending at 4-5% of revenue for the next 5 years (BT: 18Mar). This is crucial in terms of future expansion as enhance or improved technology is essential to keep up with the right market demand. With good mangement plans in place, ST Engineering will be even brighter as Singapore sole defend company. Hope that more long term investors will take notice of ST Engineering. Cheers. ![[Smile]](https://c1.itigergrowtha.com/community/assets/media/emoji_001_weixiao.5a33f007.png)
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