Analysts are split after SIA Engineering posted 35.5% y-o-y net profit growth in its 1QFY2022 business update, though this was buoyed by government grants like the Jobs Support Scheme. 

To OCBC Investment Research analyst Chu Peng, the figures signal “a better quarter” for the aircraft maintenance company, as it offers an “undemanding” valuation amid a beleaguered air travel sector. 

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