EXCLUSIVE: Why I Am Not Buying ST Engr (Despite The Dividend Streak)

We all love the 28-year dividend streak, but paying S$8.45 for a S$7.46 stock is not investing—it's charity.

Dec 30, 2025

∙ Paid

The market is treating ST Engineering like a treasury bond that yields dividends. Everyone loves the “Profit Guidance” and the 28-year dividend streak. But I am looking at the price tag, not the brochure.

Here is the Real Talk: We are paying a premium for “sleep-well-at-night” vibes. At S$8.45, you aren’t buying value; you are paying full retail price plus a “panic tax” because investors are scared of everything else. The company is fine—they build defense systems and fix planes—but the stock is flashing warning signs.

This isn’t an “investment” right now; it’s a crowded parking lot.

The Data Check

I plugged S63 into InvestingPro to see if the fundamentals back up this rally. The result? The math hates this price.

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