Brokers’ take: UOBKH reinitiates ‘buy’ on ST Engineering with S$4.60 target price

UOB Kay Hian (UOBKH) has reinitiated coverage on ST Engineering (STE) with a “buy” call and a target price of S$4.60 on the belief that STE’s defence and public security portfolio is set to grow along with Singapore’s defence spending. 


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