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Home / Capital / Brokers Calls

SIA Engineering to ride on 'burgeoning MRO demand' despite lower earnings forecasts: Daiwa

Broker's Calls

SIA Engineering to ride on 'burgeoning MRO demand' despite lower earnings forecasts: Daiwa

Michelle Zhu Published on Mon, Dec 18, 2017 / 11:39 AM GMT+8

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SINGAPORE (Dec 18): Daiwa is keeping SIA Engineering (SIAEC) at “outperform” with a lower target price of $3.56 compared to $4.10 previously, in line with lower earnings forecasts over the next three years as well as tapering FY21-28 earnings growth rate for the group’s line maintenance division.

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