- 1HFY25 operating profit came in weaker than expected, due to supply chain constraints and some gestation costs related to SIA Engineering’s new business expansion initiatives.
- - Read this at SGinvestors.io -
1HFY25 core earnings a slight miss due to subdued operating profit.
- SIA Engineering (SIAEC)’s headline net profit rose 15.9% y-o-y to S$68.8m in 1HFY25. Excluding one-off items such as forex losses, SIA Engineering’s 1HFY25 core net profit of S$70.4m (+20.4% y-o-y) was still slightly behind our projection, at 45% of our full-year forecast.
- - Read this at SGinvestors.io -
- In addition, SIA Engineering incurred sizeable start-up and development costs related to its new business development initiatives, including the airframe MRO facility development in Subang, Malaysia. Though the facility is expected to be ready only in 2H25, workforce recruitment has already started.
JVs & associates remained key contributors.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Roy Chen CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-11-07
Read also UOB's most recent report:
2025-02-17 SIA Engineering 3QFY25 Results In Line - Maintaining A Moderate Pace Of Earnings Improvement.
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
