SIA Engineering - DBS Research 2022-11-03: Skies Continue To Clear Up

SIA Engineering - Skies Continue To Clear Up

Published:
SIA ENGINEERING CO LTD (SGX:S59) | SGinvestors.ioSIA ENGINEERING CO LTD (SGX:S59)
  • SIA Engineering (SGX:S59)'s 2QFY23 (Jul to Sep 2022) net profit came in at S$19.7m (+53.9% q-o-q, +87.6% y-o-y), with 1HFY23 net profit of S$32.5m accounting for 44% of the consensus’ full-year estimate and 46% of our full-year estimates, thus largely in line with expectations, given our expectation of a back-loaded recovery. 2QFY23 revenue amounted to S$190.7m (+11.2% q-o-q, +38.0% y-o-y), driven by a recovery in work volumes across line maintenance and hangars. See SIA Engineering's announcement dated 01 Nov 2022.
  • - Read this at SGinvestors.io -
  • - Read this at SGinvestors.io -

Line maintenance volumes picked up to around 65% of pre-pandemic levels by the end of 1HFY23

  • Read more at SGinvestors.io.




Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.




Suvro SARKAR DBS Group Research | Jason SUM CFA DBS Research | https://www.dbs.com/insightsdirect/ 2022-11-03



Read also DBS's most recent report:
2023-05-11 SIA Engineering - Ever Closer To Operating Turnaround.

Price targets by other brokers at SIA Engineering Target Prices.

Listing of research reports at SIA Engineering Analyst Reports.

Relevant links:
SIA Engineering Share Price History,
SIA Engineering Announcements,
SIA Engineering Dividends & Corporate Actions,
SIA Engineering News Articles





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