Share Market update : Why ST Engineering’s lower profit guidance is not a reason to sell ?

SINGAPORE (Aug 17): UOB Kay Hian is keeping its “buy” recommendation on ST Engineering (STE) with a higher target price of $3.60, from $3.50 previously.

“In an environment of weak corporate earnings, we believe STE’s diversified businesses and investment in enhanced capabilities will enable it to weather downturns and deliver growth over the long term,” says UOB lead analyst K Ajith in a Wednesday report.

Despite lower profit-before-tax (PBT) guidance for 2016, Ajith says STE remains optimistic of its long-term growth outlook.

More Update like – Intraday Stock Signals , Share Investment Tips ,Stock Investment Tips , Stock Trading Signals Or Stock Trading Picks . . .

Keep Touch With Us


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s