PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Singapore Technologies Engineering (STE SP) posted a record SGD 18.7bln in contract wins for FY2025

Singapore Technologies Engineering's record contract wins signal robust demand in its sector, which could bolster investor confidence and drive stock performance.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
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PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Singapore Technologies Engineering (STE SP) posted a record SGD 18.7bln in contract wins for FY2025

PBoC is expected to set USD/CNY mid-point at 6.9231 (prev. 6.9858)

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TAIWAN

Evergreen Marine (2603 TT) - Co. unit is to order sixteen container ships for up to USD 896mln. (Newswires)

Macronix (2337 TT) - Co. said it would spend TWD 22bln on capacity expansion this year to increase its production of mid-to-low-density memory chips as the world’s major memory chip suppliers are phasing out the market. (Newswires)

SINGAPORE

Singapore Technologies Engineering (STE SP) - Co. posted a record SGD 18.7bln in contract wins for FY2025. (Straits Times)

Context

This notable achievement suggests strong operational capabilities and may indicate a positive outlook for future revenue growth, positioning STE favorably in the capital goods market amidst competitive pressures.

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