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SIA Engineering Company Limited (SIAEC)
Aviation & Engineering
SIA Engineering Company forms new business unit to grow its engine services business
The facility will require an increase in manpower to over 100 staff when it opens in January 2022.
February 24, 2021
Broker's Calls
DBS ups SIA Engineering's TP to $1.80, maintains 'hold' on long-drawn recovery
Excluding the 20% privatisation premium, the analysts say their fundamental target price would be at $1.50.
February 02, 2021
Results
SIA Engineering reports 85.7% lower 3Q20/21 net profit of $7.7 mil; cushioned by JSS
Without support te government, the group would have reported a loss of $44.7 million for the 3QFY2020/2021.
January 29, 2021
Company in the news
SIA Engineering bets on servicing narrow-body planes ahead of recovery
According to Ng, the recovery in air travel will see narrow-body planes take off first, before their wide-body counterparts do.
January 29, 2021
Company in the news
SIA Engineering encourages staff to take Covid-19 vaccine, says soon-to-be-vaccinated CEO
When asked if Ng has received the vaccine yet, he says he is scheduled to do so soon.
January 20, 2021
Aviation & Engineering
SIA, SIA Engineering, SATS up on vaccine boost, but full recovery still far ahead
As the year draws to a close, all three stocks have clawed back from the bottom.
December 18, 2020
Company in the news
SIA gets a lift from potential Covid vaccine and travel bubble but recovery still nascent
SIA says it is encouraged by the development of Pfizer’s experimental Covid-19 vaccine.
November 13, 2020
Broker's Calls
SIA Engineering faces rating downgrades, lower forecasts after worse-than-expected 1H results
UOB KayHian has now rated the company as “sell” with a lower target price of $1.52 from $1.89 previously.
November 09, 2020
Results
SIA Engineering Company reports loss of $19 mil for 1HFY2020/2021
SIAEC would have recorded a loss of $114.6 million without the help of government support schemes.
November 03, 2020
Aviation & Engineering
SIA Engineering Company says all segments impacted for 1H20, will be recognising a non-cash impairment provision
SIAEC says it expects to release its financial results in early November.
October 28, 2020