Although SIAEC reported a 205% greater q-o-q and 23% higher y-o-y net profit of $33 million for the period, it did not meet Tan and Lim’s estimate of $37 million, which formed 22% of both theirs and 21% of Bloomberg’s three-year forecast.
Analysts at CGS International and OCBC Investment Research are keeping their respective “add” and “buy” calls on SIA Engineering (SIAEC) following the company’s 1QFY2025 ended June results.
While CGSI analysts Kenneth Tan and Lim Siew have lowered their target price to $2.65 from $2.75, OCBC analyst Ada Lim has kept her fair value of $2.69 unchanged.
