Thursday 28 Mar 2024
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SINGAPORE (Dec 18): Daiwa is keeping SIA Engineering (SIAEC) at “Outperform” with a lower target price of S$3.56, compared to S$4.10 previously, in line with lower earnings forecasts over the next three years, as well as tapering FY21-28 earnings growth rate for the group’s line maintenance division.

In a report last Friday, analyst Royston Tan notes that operating margins have likely bottomed for the group after it saw some positives in 2Q18 results on an adjusted basis.

In his view, earnings from SIAEC’s repair and overhaul division...(click on link for full story on theedgesingapore.com)

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