SIA Engineering - OCBC Investment 2024-02-16: Status Quo

• SIA Engineering (SGX:S59) reported a 40.2% y-o-y increase in group revenue to S$291.7m in 3QFY24 (financial year ending 31 Mar 2024), supported by healthy demand for MRO services as global flight activities continued to recover towards pre-pandemic levels.

Slightly weaker 3QFY24 on the back of FX headwinds; underlying recovery remains intact –

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• SIA Engineering’s 9MFY24 revenue and net profit of S$805.7m and S$86.2m constituted 75.9% and 72.7% of our full year forecast, respectively.

Robust operating metrics in tandem with recovery of global flight activities

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-11-06 SIA Engineering - Positioning For The Future.

Previous report by OCBC:
2025-07-23 SIA Engineering - Positive Outlook Largely Priced In.

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