ST Engineering Trades At 73x PE | SGX Daily Pulse 02 Apr 2026

Buying pomfret at shark fin price? Even the most "steady" stock cannot hide from this 73x PE reality.

Apr 02, 2026

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The “Safety” Premium Hits 73x P/E as ST Engineering Outpaces Growth Logic; NIO Doubles Deliveries while the Bottom Line Bleeds

Today’s audit lands on a day when the STI is still nursing a bruise from Q1, the defence sector is wearing a 73x P/E like a badge of honour, and an EV company is doubling deliveries while haemorrhaging cash. Three very different stories — one common forensic thread: the market is charging a premium for narratives that the numbers do not support. Here is what the ledger actually says.

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