There are not many blue-chip companies with wide exposure to different sectors. This diversification helps the company to better buffer against recessions where some divisions can help support others. Keppel Corporation Limited (SGX: BN4) is one of them, and the group’s share price has done well this year, rising by close to 44% year to date. Another is Singapore Technologies Engineering Ltd (SGX: S63), or STE. STE has a diverse portfolio of divisions covering the aerospace, smart cities, defence and public security sectors. The conglomerate has operations spanning the globe and serves customers in more than 100 countries. STE’s share price, however, stands in stark contrast to Keppel Corporation, having fallen by nearly 10% year to date. This is despite the engineering giant reporting a record-high order book as of 30 September 2022. Can investors look to 2023 for STE’s share price to jump back above S$4? Let’s dig deeper to find out. A slow and steady transformation It’s been an interesting journey for...