SINGAPORE (May 17): Analysts believe SIA Engineering Company (SIAEC) could overcome near-term challenges and has positioned itself for longer-term growth.

“Over the near-term, we expect the core business to stay muted as the industry shifts towards an increase in demand for lower margin Line Maintenance on the new aircraft/engine models,” says OCBC Investment Research’s lead analyst Eugene Chua in a report on Wednesday.

“However, we expect SIAEC to continue to benefit from more Trent 1000 (used on B787) engine checks, due to problems with the engine blades which require workshop visits for the affected engines,” he adds. “We believe SIAEC is well positioned for...(click on link for full story on theedgesingapore.com)