CGS-CIMB Reaffirms Their Buy Rating on Singapore Technologies Engineering (SGGKF)

CGS-CIMB analyst Lim Siew Khee maintained a Buy rating on Singapore Technologies Engineering (SGGKFResearch Report) on March 16 and set a price target of S$4.00. The company’s shares closed last Thursday at $2.48.

According to TipRanks, Siew Khee is ranked #6823 out of 8229 analysts.

Singapore Technologies Engineering has an analyst consensus of Strong Buy, with a price target consensus of $3.07.

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SGGKF market cap is currently $8.04B and has a P/E ratio of 20.69.

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Singapore Technologies Engineering Ltd. is a holding company, which provides engineering and related services. It operates through the following segments: Aerospace, Electronics, Land Systems, Marine, and Others. The Aerospace segment provides spectrum maintenance and engineering services that include air-frame, engine and component maintenance, repair and overhaul, engineering design, development, and technical services; and aviation materials and management services, including total aviation support. The Electronics segment delivers system solutions to government, commercial, defence, and industrial customers. The Land Systems segment provides design and engineering services, manufacture, sales and know-how transfer of military and commercial vehicles, automotive subsystems, robotic systems, armament, weapons, weapon systems, ammunition and explosives. The Marine segment provides turnkey building, repair, and conversion services for a naval and commercial vessel. The Others segment consists of research and development, provision of engineering products and solutions, treasury, investment holding and provision of management, consultancy and other support services. The company was founded in 1967 and is headquartered in Singapore.

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