- SIA Engineering (SGX:S59)’s 1QFY25 results were largely in line with our expectations. 1QFY25 revenue grew 2.6% y-o-y to S$268.7m as demand for MRO services continued to remain healthy in tandem with increasing levels of flight activity.
- - Read this at SGinvestors.io -
Sequential improvement in profitability.
- - Read this at SGinvestors.io -
- SIA Engineering’s share of profits from associated and JV companies also increased 27.9% y-o-y to S$28m.
- Altogether, net profit improved 23% y-o-y to S$33.2m, translating to basic and diluted earnings per share (EPS) of 2.96 and 2.95 Singapore cents, respectively.
Remain constructive on the industry; especially engine maintenance
- 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/ 2024-07-29
Read also OCBC's most recent report:
2024-11-06 SIA Engineering - Investing For The Future.
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
