Like so many stocks in the market, ST Engineering’s share price has fallen drastically due to the COVID-19 crisis. Singapore Technologies Engineering (ST Engineering) is an integrated engineering group with four key business segments in descending order of revenue contribution: Aerospace, Electronics, Land Systems and Marine. ST Engineering usually derives about 30% of its revenue from customers in defence-related sectors each financial year. This is a reason why the company displays greater-than-usual financial resilience compared to a typical company. While ST Engineering recorded a strong fiscal year in 2019, management made it a point to address investors’ concerns about COVID-19’s impact on the company’s operations as well. So here are five things I learned from ST Engineering’s 2020 AGM: 1. ST Engineering recorded a strong set of financial results in 2019. It boasted 17% growth in both its revenue and profits. This increase in revenue was driven mainly by the...