Singapore Technologies Engineering Ltd

S63: XSES (SGP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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ST Engineering's Planned Impairment Charge Is Sweetened by a Special Dividend; Valuation Unchanged

Lorraine Tan

Nov 12, 2025

STE guides that its 2025 net profit will reflect an impairment charge of SGD 667 million for its iDirect satellite communications business, partly offset by disposal gains. Third-quarter year-on-year revenue growth of 12.9% is driven by a robust 21.9% rise in its commercial aerospace segment.

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Singapore Technologies Engineering Ltd

ST Engineering's Planned Impairment Charge Is Sweetened by a Special Dividend; Valuation Unchanged

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