SIA Engineering Company (SIA EC)

Aviation & Engineering

SIA Engineering senior management to take further salary cuts

The latest pay cut is in addition to the previous pay cuts and on top of cost management measures implemented in previous months.

Broker's Calls

'Hold' SIA Engineering as things pick up, say analysts

SIA Engineering Company’s (SIA EC) results that came in last Friday (July 17) were “downbeat” as expected, but analysts believe the worst is over for the company.

Results

SIA Engineering reports 74.3% drop in net profit to $10.7 mil in 1Q20 business update

The steep decline was attributable to historically low flight frequencies due to the Covid-19 pandemic, said the group in a Friday filing.

Deals, joint ventures & alliances

SIA Engineering to establish line maintenance JV in Thailand with NokScoot

SINGAPORE (April 1): SIA Engineering Company (SIA EC) is establishing a $2.74 million line maintenance joint venture (JV) company in Thailand with low-cost carrier (LCC) airline, NokScoot Airlines.

Deals, joint ventures & alliances

SIA Engineering divests 20% stake in Jamco joint venture for $4 mil

SINGAPORE (Jan 30): SIA Engineering Company (SIA EC) has sold its entire 20% stake in Jamco Singapore, to the latter’s majority owner Jamco Corporation for $3.97 million in cash, representing a 43% premium to net value.

Aviation & Engineering

SIA Engineering inks IFEC maintenance agreement with Thales for SIA fleet support

SINGAPORE (Apr 11): SIA Engineering Company (SIA EC) has signed an in-flight entertainment and connectivity (IFEC) maintenance agreement with Thales, the multinational tech company that designs and builds electrical systems as well as provides services fo

Broker's Calls

SIA Engineering still lacking near-term catalysts, say analysts

SINGAPORE (Nov 7): Maybank Kim Eng and CIMB Research are maintaining their “hold” and “reduce” calls on SIA Engineering (SIA EC) at lower target prices of $3.50 from $3.70 respectively.
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