SIA Engineering
CapitaLand Ascott Trust to be replaced by SIA Engineering on STI reserve list
There are no changes to the blue-chip barometer’s 30 constituents
OCBC upgrades SIAEC to ‘buy’ as other analysts weigh expansion costs impact
Target prices hover around S$4 as analysts balance robust joint-venture profits against heavy startup costs for new hangars
SIA Engineering Q3 net profit rises 9.7% to S$41.9 million on steady MRO demand
Revenue is up 8.7% at S$353.1 million, while expenditure rises 8.4% to S$347.1 million
Safran-SIAEC joint venture breaks ground on S$22 million facility expansion
The expanded site means Singapore will become Safran’s largest maintenance site for aircraft landing gear on several aircraft types
DBS lifts target price of ST Engineering, Sats; cuts SIAEC to ‘hold’
It favours upstream aviation service providers
Analysts upgrade SIA Engineering shares as growth, supply chain outlook improves
The analysts’ upbeat outlook comes on the back of the company’s Q2 results, in which net profit is up 13.5% at S$40.4 million
Newly launched iEdge Singapore Next 50 Index posts 18% return in H2 to date
Average daily turnover for these stocks hits S$165 million in the year to Nov 4
SIA Engineering Q2 net profit up 13.5% at S$40.4 million
Its rise in revenue outpaces that of its rise in expenditure; contributions from associated and joint-venture companies also increase
A*Star launches four joint research projects in aerospace and manufacturing with SAESL, Rolls-Royce and Singapore SMEs
Projects totalling S$55 million will develop innovations to strengthen Singapore’s aerospace and manufacturing sectors
SIA Engineering Q1 net profit rises 29.2% to S$42.9 million on strong MRO demand
Revenue is up 33.4% at S$358.4 million, while expenditure rises ‘at a slightly slower rate’ of 32% to S$353.3 million
