To recap, the engineering unit of Singapore Airlines (SIA) last Friday posted a 6.5% increase in 3Q earnings to $52.6 million.
SINGAPORE (Feb 6): DBS Vickers Securities and Maybank Kim Eng are maintaining their “hold” recommendations on SIA Engineering Company (SIAEC) at the respective target price estimates of $3.58 and $3.70.
Both research houses note a challenging near-term outlook for the stock, mainly due to uncertainty regarding the company’s MRO (maintenance, repair and overhaul) workload.
