SIA Engineering Company Limited (SIAEC)

Analysts mixed on SIAEC after FY2022 results; DBS downgrades to 'hold' - THE EDGE SINGAPORE

Broker's Calls

Analysts mixed on SIAEC after FY2022 results; DBS downgrades to 'hold'

CGS-CIMB and UOB Kay Hian have kept their 'buy' calls on SIAEC; UOB Kay Hian sees the company's dividends returning in FY2023.
SIA Engineering sets up new unit to grow component repair business - THE EDGE SINGAPORE

Company in the news

SIA Engineering sets up new unit to grow component repair business

Effective from April 1, all existing component repair and fleet management services will be consolidated under CSD.
SIA Engineering reverses out of the red in 1H with earnings of $25.0 mil - THE EDGE SINGAPORE

Results

SIA Engineering reverses out of the red in 1H with earnings of $25.0 mil

SIA Engineering steers back into the black in 1H with earnings of $25 mil.

Aviation & Engineering

SIA Engineering Company signs component agreement with Thai low-cost carrier

The transaction is not expected to have a material impact on SIAEC’s NTA or EPS for the FY2021/2022.
CGS-CIMB downgrades aviation sector, SIA Engineering gets sole 'add' - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB downgrades aviation sector, SIA Engineering gets sole 'add'

“It stands to benefit from higher volumes of maintenance work when airlines increase their flying hours rapidly."
SIA Engineering sells stake in Asian Surface Technologies for US$2.79 mil - THE EDGE SINGAPORE

M&A

SIA Engineering sells stake in Asian Surface Technologies for US$2.79 mil

SIAEC will recognise an estimated gain of S$2.68 million on the divestment.
SATS, SIA EC, Air China among OCBC's top aviation sector picks - THE EDGE SINGAPORE

Aviation & Engineering

SATS, SIA EC, Air China among OCBC's top aviation sector picks

In Singapore, OCBC's Chu says “a more meaningful recovery is likely to happen in 2H2022 and 2023".
SIA Engineering Company signs agreement with Hawaiian Airlines to expand maintenance services - THE EDGE SINGAPORE

Contracts

SIA Engineering Company signs agreement with Hawaiian Airlines to expand maintenance services

Under the new agreement, SIAEC will perform 12-year checks on Hawaiian Airlines' A330 fleet.
SIA Engineering Company launches academy to upskill workforce and add value to customers - THE EDGE SINGAPORE

Aviation & Engineering

SIA Engineering Company launches academy to upskill workforce and add value to customers

The Lean Academy is part of SIAEC’s Transformation Phase 2, which was launched in January 2021.
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