“Notably, while the engine and components (E&C) segment saw significantly narrower operating losses (1HFY2025: -$7.1 million, 1HFY24: -$15.4 million), this improvement was largely offset by weaker performance in the base and line maintenance (B&LM) segment,” Sum writes.
DBS Group Research analyst Jason Sum has downgraded SIA Engineering Company (SIAEC) to “hold” as the group’s 2QFY2025 ended Sept 30 results missed his expectations from cost headwinds and supply chain disruptions.
During the 2QFY2025, SIAEC reported a net profit of $35.6 million, 10.1% higher y-o-y and 7.2% higher q-o-q. The quarter’s net profit brought SIAEC’s 1HFY2025 net profit to $68.8 million, which came up to 44% of the consensus estimates and 41% of Sum’s full-year estimates.
