SIA Engineering - UOB Kay Hian 2025-07-23: 1QFY26 Earnings Beat; Fairly Valued After Recent Share Price Surge

• SIA Engineering’s 1QFY26 net profit of S$42.9m (+29.2% y-o-y, +31.5% q-o-q) came in ahead of our projection, forming 28% of our full-year forecast. The beat was mainly driven by stronger-than-expected JV/associate contributions, but operating profit, at merely 18% of our full-year forecast, missed our projection, showing no obvious operating margin improvement after the contract renewal with SIA.

1QFY26 net profit above expectations, driven by strong JV/associate contributions.

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• - Read this at SGinvestors.io -

Operating profit missed; no obvious margin improvement observed despite SIA contract renewal.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2025-02-17 SIA Engineering 3QFY25 Results In Line - Maintaining A Moderate Pace Of Earnings Improvement.

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