ST Engineering (S69): Mark Up Phase
Recent Geopolitical events may spur governments to increase their defence spending which may boost ST Eng Defence Division, Global e-commerce and SG Smart-City vision may also potentially give its electronics division a lift.
ST Eng will announce its earnings on 12 May, Upside Surprise?
Probable Trade Set-up:
T: S$4.00 / S$4.20
R/R Ratio: 1.25x / 2.92x