ST Engineering shares fall as much as 4.7% after reporting softer Q2 orders
The counter improves by midday, but is still down 2.4% down at S$10.07
ST Engineering's shares plummeted as much as 4.7% on Tuesday (Aug 11) following the company's disclosure of a year-on-year decline in second-quarter orders. The aerospace and defense firm disclosed S$2.9 billion in new contracts during Q2 2026, marking a 38.3% decrease from the S$4.7 billion in orders secured in the same period last year.
The Q2 2026 total comprised S$1.2 billion in commercial aerospace, S$1.2 billion in defence and public security, and S$500 million in urban solutions and satcom segments, down from S$1.5 billion, S$1.5 billion, and S$1.7 billion, respectively. The stock dropped to a low of S$9.83 within 15 minutes of trading, falling S$0.49. By midday, ST Engineering had recovered to a 1.2% decline, or S$0.12, bringing the share price to S$10.20.
Industry analysts noted that the timing of contract completions may have influenced the performance, but expressed confidence that ST Engineering's existing contract portfolio could mitigate risks such as labour shortages, cost inflation, and integration challenges.
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