In a Tuesday report, Maybank analyst Neel Sinha says he is positive on the long-term growth potential of a number of the group’s new partnerships and joint ventures (JVs) announced this year – but the contributions are likely to take 6-8 quarters to materialise.
SINGAPORE (Nov 7): Maybank Kim Eng and CIMB Research are maintaining their “hold” and “reduce” calls on SIA Engineering (SIA EC) at lower target prices of $3.50 from $3.70 respectively.
This comes after the group reported $38.1 million in earnings for 2Q18, 7.3% up from a year ago but missing both research houses’ expectations.
