SINGAPORE (Nov 7): Maybank Kim Eng and CIMB Research are maintaining their “Hold” and “Reduce” calls on SIA Engineering (SIA EC) at lower target prices of S$3.50, from S$3.70 respectively.

This comes after the group reported S$38.1 million in earnings for 2Q18, 7.3% up from a year ago, but missing both research houses’ expectations.

In a Tuesday report, Maybank analyst Neel Sinha said he is positive on the long-term growth potential of a number of the group’s new partnerships and joint ventures (JVs) announced...(click on link for full story on theedgesingapore.com)