With that, any positive outlook on the company is deemed to be “largely priced in,” in Lim’s view. The company, on July 22, reported a net profit of $42.9 million for the 1QFY2026 ended June 30, 29.2% higher y-o-y. Revenue also rose by 33.4% y-o-y to $358.4 million as demand for maintenance, repair and overhaul (MRO) remained “robust”.
OCBC Investment Research analyst Ada Lim has downgraded her call on SIA Engineering Company (SIAEC) to “hold” from “buy” as the company’s valuations are “starting to look rich”.
As at Lim’s report dated July 23, shares in SIAEC last closed at $3.35, which is up by over 40% year-to-date. From its April trough, shares in the company are up by over 75%.
