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SIA Engineering (SIAEC)
Results
SIA Engineering Company reports 'more than double' y-o-y net profit of $27 million
The group also recorded an operating profit of $0.4 million for 2QFY2023, the first quarter of profit recorded since the pandemic.
July 25, 2023
Broker's Calls
SIA Engineering's near-term profitability unlikely to return to pre-pandemic levels, CGS-CIMB maintains 'hold'
The analysts believe that SIAEC will continue to face labour issues in the medium-term.
April 12, 2023
Broker's Calls
CGS-CIMB sees $25 bil order book for ST Engineering with MINDEF, Taiwan rail contracts
This is up from an order book of $23 billion as at end-December 2022.
March 28, 2023
Contracts
ST Engineering subsidiary wins MINDEF contract for six combat vessels
The six vessels are expected to be delivered progressively from 2028 onwards.
March 27, 2023
Aviation & Engineering
SIA Engineering partners with institutes of higher learning to cultivate new generation of skilled professionals
Minister for Education, Chan Chun Sing, will be witnessing the signing ceremony later.
March 22, 2023
Broker's Calls
ST Engineering, SIA Engineering 'flying under investors' radars' at attractive entry points: DBS
“With several tailwinds in play, we are confident that the sector will deliver strong earnings growth over the next few years.”
March 14, 2023
Broker's Calls
SIA Engineering 3QFY2023 results miss UOBKH's expectations
SIAEC is a key beneficiary of flight recovery at Changi Airport, which reached 76.2% of the pre-pandemic levels in December.
February 21, 2023
Contracts
SIA Engineering secures support agreement with MYAirline; extends agreement with Hawaiian Airlines
SIA Engineering has secured a new contract with MYAirline and extended its existing agreement with Hawaiian Airlines.
October 12, 2022
Broker's Calls
UOB KH sees continued recovery momentum for aviation, but warns of higher costs and uncertain outlook
Analyst Roy Chen has lowered his TPs for SIA Engineering and Sats
June 22, 2022
Broker's Calls
SIAEC and SATS are UOBKH's preferred proxies to ride recovery of 'market weight' aviation sector
In his report, UOB Kay Hian's Roy Chen has kept his “buy” call on SATS and SIAEC and “hold” on SIA.
April 27, 2022