ST Engg

ST Engg: is +2.7% at $4.15, easily the best-performing STI component, with much of the stock's rally coming after the ancmt Singapore and Malaysia plan to build a high-speed rail link between the city-state and Kuala Lumpur. "That's quite far down to the future," an analyst says. "STE might get a bit of a contract out of it, (but) MRT-type train stops are more profitable", noting the larger number of stops. "Getting a big government defense contract is much more sexy." Notes post-earnings, with expectations for higher earnings, target prices for the stock are rising. Separately, Maybank-Kim Eng says the gains could also be on the positive results and people buying in for its dividend.