Benefitting from this, SIAEC is usually the first in the region to benefit from the strategy, maintaining new aircraft types and winning third-party businesses for its skills.
DBS Group Research analyst Jason Sum is keeping his “buy” call on SIA Engineering (SIAEC) at an unchanged target price of $2.80, as he sees multiple tailwinds for the company.
In his April 1 report, Sum notes that 60% of SIAEC’s top-line is driven by its parent company, Singapore Airlines (SGX:C6L
) (SIA), which has a strategy of refreshing aircraft through maintenance to maintain a capable fleet of aeroplanes.
