{
  "id": 523345,
  "title": "ST Engineering shares fall as much as 4.7% after reporting softer Q2 2026 orders",
  "url": "https://urgent.news/2026/08/11/st-engineering-shares-fall-as-much-as-4-7-after-reporting-softer-q2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-11T01:51:23.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/st-engineering-shares-fall-much-4-7-after-reporting-softer-q2-2026-orders"
  },
  "original_language": "en",
  "account": "On Tuesday, Aug 11, shares of Singapore-based defence and engineering firm ST Engineering plunged nearly 5% following a year-over-year decline in second-quarter 2026 order wins. The company disclosed securing S$2.9 billion in new contracts during Q2 2026, marking a significant 38.3% drop from the S$4.7 billion recorded in the same period last year. The Q2 2026 total comprised S$1.2 billion from commercial aerospace, S$1.2 billion from defence and public security, and S$500 million from urban solutions and satcom, a decrease from the previous quarters' respective figures. The stock plummeted to a low of S$9.83 in the first 15 minutes of trading, a decline of S$0.49, with approximately 2.6 million securities trading hands. By 9:45 am, the stock had recovered slightly, falling 2.5% or S$0.26 to S$10.06. Citi analyst Luis Hilado attributed the drop to contract completion timing, stating that underlying demand and customer negotiations remained robust. Despite acknowledging near-term risks like labor shortages and inflation, Hilado remained optimistic that ST Engineering's strong contract base could offset these challenges, projecting a target price of S$10.65 for the stock. Additionally, Singapore's High Court ruled against a trademark infringement lawsuit against unit ST Engineering Aerospace Systems, maintaining that the company's components for Republic of Singapore Air Force aircraft were not counterfeit.",
  "summary": "The counter slips to as low as S$9.83 in the first 15 minutes of trading",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/523345.png",
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "ST Engineering shares fall as much as 4.7% after reporting softer Q2 orders",
        "url": "https://urgent.news/2026/08/11/st-engineering-shares-fall-as-much-as-4-7-after-reporting-softer-q2-530156",
        "published": "2026-08-11T01:51:23.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}