- 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 the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2024-02-16
Read also OCBC's most recent report:
2024-11-06 SIA Engineering - Investing For The Future.
Previous report by OCBC:
2024-07-29 SIA Engineering - Fly Me To The Moon.
Price targets by 2 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
