ST Engineering saw shares rally 1.6% after it announced a new 50-50 joint venture (JV) with Temasek. Kelvin Ong | Financial writer, Singapore | Publication date: 2021-05-12T09:33:47+0100 Singapore Technologies (ST) Engineering Ltd (SGX: S63) share price hits a high of S$3.77 on Wednesday (12 May 2021) This comes on the back of a new 50-50 JV agreement with Temasek for freighter aircraft leasing The JV will aim to build a portfolio valued at about S$800 million It is ‘not expected to have any material impact’ on consolidated net tangible assets per share and earnings per share for the current financial year Buy and sell ST Engineering stocks with an IG account