SIA Engineering Company Limited (SIAEC)

SIA Engineering, SIA sign new services agreement worth up to $1.4 bil

SINGAPORE (Apr 1): SIA Engineering Company (SIAEC) has signed a new comprehensive services agreement with parent company Singapore Airlines (SIA) for a term of 2 years, with an option to renew for a further period of 2 years.

Results

SIA Engineering reports 40% lower 3Q earnings of $33 mil on one-off events

SINGAPORE (Feb 8): SIA Engineering reported 3Q18 earnings ended Dec of $33.1 million, or 2.95 cents per share. This was 40.1% lower compared to a year ago, mainly due to one-time events from the associated and joint venture companies.

Broker's Calls

SATS, ST Engineering named UOB's top aviation picks this earnings season

SINGAPORE (Jan 31): UOB Kay Hian is maintaining “overweight” on Singapore’s aviation sector with expectations of Singapore Airlines and ST Engineering to surprise on the downside in the ongoing earnings reporting season.

Broker's Calls

China visitor slowdown a blip for SGX aviation services provider: Maybank

SINGAPORE (Jan 15): Singapore’s aviation services-related stocks have been weighed down by a slowdown in Chinese visitor arrivals in 4Q18.

Broker's Calls

SIA Engineering raised to 'buy' by UOB on growing line maintenance business, troublesome Trent engine

SINGAPORE (Jan 7): UOB KayHian is upgrading SIA Engineering (SIAEC) to “buy” with a target price of $2.70, saying the stock should outperform this year after seeing an excessive 28% slump last year.

SIA Engineering Company divests 100% stake in Aircraft Maintenance Services Australia for $4.5 mil

SINGAPORE (Dec 14): SIA Engineering Company, the provider of aircraft maintenance, repair and overhaul (MRO) services, is divesting its 100% stake in wholly-owned subsidiary, Aircraft Maintenance Services Australia (AMSA).

Management & Corporate Governance

5 SGX-listed companies among Asean leaders in anti-corruption disclosure

SINGAPORE (Aug 27): Five Singapore-listed companies – Golden Agri-Resources, Sembcorp Industries, SIA Engineering Company, Singapore Airlines, and Singapore Telecommunications – have been named among the top 11 companies across Asean with the highest

Results

SIA Engineering posts 10.4% rise in 1Q earnings to $40.5 mil on higher share of profits

SINGAPORE (July 19): SIA Engineering recorded earnings of $40.5 million for the 1Q ended June, an increase of 10.4% from a year ago, mainly from an increase in share of profits of associated and joint venture companies, partially offset by a decrease in o

Broker's Calls

Singapore Airlines expected to keep competitive edge despite higher oil prices

SINGAPORE (May 18): CGS-CIMB Securities is maintaining its “add” call on Singapore Airlines (SIA) with a target price of $11.75.

Broker's Calls

Analysts see longer-term growth for SIA Engineering amid near-term challenges

SINGAPORE (May 17): Analysts believe SIA Engineering Company (SIAEC) could overcome near-term challenges and has positioned itself for longer-term growth.
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