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

• 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 an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-06-13 SIA Engineering - New Contract, New Earnings Trajectory.

Previous report by DBS:
2025-05-15 SIA Engineering - Strong Momentum, Clearer Earnings Path..

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 Dividend Payout Dates & Corporate Actions,
SIA Engineering News