{
  "id": 8177370,
  "title": "ST Engineering rebounds 5% after drifting over past month; Goldman initiates coverage",
  "url": "https://urgent.news/2026/09/18/st-engineering-rebounds-5-after-drifting-over-past-month-goldman",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T05:03:33.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/st-engineering-rebounds-5-after-drifting-over-past-month-goldman-initiates-coverage"
  },
  "original_language": "en",
  "account": null,
  "summary": "ST Engineering's shares rebounded 5% on Friday, Sep 18, after falling 8.6% in the past month, from S$11.15 on Aug 18 to S$10.19 on Sep 17. Goldman Sachs initiated coverage on the stock with a \"buy\" rating and a target price of S$13.20, aligning with 11 other analysts with a \"hold\" rating and one recommending \"sell\". ST Engineering's shares gained S$0.51 per share within two minutes of market open on Sep 18, with the price reaching S$10.70 before settling at S$10.56 by noon. The company reported a 27.1% rise in first-half net profit to S$512.1 million in August, driven by cost savings across all three business segments. ST Engineering secured S$2.9 billion in new contracts in the second quarter of 2026, including several defense contracts and a S$750 million rail services contract for Taiwan.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}