The company’s 1HFY2025 earnings stood in line with Tan’s and Lim’s expectations at 49% of their FY2025 forecast.
Analysts at CGS International (CGSI) and OCBC Investment Research (OIR) are both keeping their respective “add” and “buy” calls on SIA Engineering Company (SIAEC) after the company’s 1HFY2024 ended Sept 30 revenue rose by 12.1% y-o-y to $576.2 million. SIAEC’s earnings for the 1HFY2025 rose by 16% y-o-y to $68.8 million.
CGSI analysts Kenneth Tan and Lim Siew Khee see SIAEC as “well positioned” to capture the elevated regional demand for maintenance, repair and operations (MRO). At the same time, they believe the company’s fundamentals are “trending in the right direction”.
