DBS Group Research has downgraded SIA Engineering Company (SIAEC) by two notches to "fully valued" from "buy" and slashed its target price to S$1.35 from S$3.30.

DBS Group Research has downgraded SIA Engineering Company (SIAEC) by two notches to "fully valued" from "buy", and slashed the price target to S$1.35 from S$3.30.

SIA Engineering Company (SIAEC) is acquiring a 49 per cent stake in Pos Aviation Engineering Services (PAES) for RM10.1 million (S$3.4 million) from Pos Aviation, SIAEC said on Thursday.

HOCK LOCK SIEW

SPECULATION last week of a potential privatisation bid by Singapore Airlines (SIA) has sent SIA Engineering Company's (SIAEC) share price surging.

SIA Engineering Company (SIAEC) on Monday announced the signing of a comprehensive services agreement with Singapore Airlines, which will supersede the previous agreement inked with SIA in April...