SINGAPORE (Oct 30): UOB Kay Hian is keeping unchanged its “market weight” rating on Singapore’s aviation firms, predicting a surge in fiscal second quarter net profit at Singapore Airlines and improved performance by SIA Engineering and SATS.

UOB expects Singapore Airlines to report an over 50% on-year rise in net profit as the airline was able to better fill its planes and would have reduced costs due to lower fuel prices.

The national carrier's maintenance unit SIA Engineering may report a 10% on-year rise in its operating profit as the parent's Airbus A380 planes have started coming in for extensive maintenance checks.

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