SINGAPORE (July 4): OCBC Investment Research is maintaining its “hold” recommendation on SIA Engineering Company (SIAEC) with a fair value of $3.75.
This comes after its joint venture (JV) with Pratt & Whitney (P&W) was selected as a maintenance, repair and overhaul (MRO) facility while SIAEC has also set up a new JV with GE Aviation (GE).
Eagle Services Asia (ESA) – a JV between SIAEC and P&W (Pratt & Whitney) – has been selected as an MRO facility in Singapore for P&W’s PW1100G-JM PurePower Geared Turbofan (GTF) engines, which is one of the two engine options that powers the A320neo aircraft family.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)