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SIA Engineering
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JurongW
Elite |
09-Mar-2026 19:04
Yells: "Earnings give weight, Chart give wings" |
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SBB today - 83,600 shares bought at $3.09 to $3.10 ($259,428) | ||||
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Joelton
Supreme |
06-Mar-2026 10:31
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CapitaLand Ascott Trust to be replaced by SIA Engineering on STI reserve list
There are no changes to the blue-chip barometer&rsquo s 30 constituents
[SINGAPORE] There will be no changes to the 30 constituents of the Straits Times Index (STI) after the latest quarterly review, said index administrator FTSE Russell on Thursday (Mar 5).
However, SIA Engineering : S59 -0.92% &ndash the engineering arm of national carrier Singapore Airlines : C6L +0.6% (SIA) &ndash will replace CapitaLand Ascott Trust : HMN 0% on the reserve list come Mar 23.
The STI reserve list is made up of the five highest-ranking non-constituents of the blue-chip barometer by market capitalisation. Stocks on the reserve list will replace any STI constituents that become ineligible as a result of corporate action before the next review in June.
Units of CapitaLand Ascott Trust closed unchanged at S$0.93 on Thursday, before the news. Shares of SIA Engineering ended 0.9 per cent or S$0.03 lower at S$3.22 SIA rose 0.6 per cent or S$0.04 to S$6.68.
The other counters on the reserve list are infrastructure business trust NetLink NBN Trust : CJLU +1.03%, commercial real estate investment trusts (Reits) Suntec Reit : T82U +0.74%and Keppel Reit : K71U 0%, and supermarket operator Sheng Siong : OV8 -1.91%.
NetLink NBN Trust gained 1 per cent or S$0.01 to S$0.98 on Thursday. Suntec Reit advanced 0.7 per cent or S$0.01 to S$1.36, and Keppel Reit was flat at S$0.935. Sheng Siong closed 1.9 per cent or S$0.05 lower at S$2.57.
FTSE Russell said the STI is &ldquo reviewed quarterly in accordance with the index ground rules and to facilitate the inclusion of eligible IPO (initial public offering) stocks&rdquo .
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Joelton
Supreme |
08-Nov-2025 09:39
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Analysts upgrade SIA Engineering shares as growth, supply chain outlook improves
The analysts&rsquo upbeat outlook comes on the back of the company&rsquo s Q2 results, in which net profit is up 13.5% at S$40.4 million
[SINGAPORE] Analysts are turning bullish on SIA Engineering : S59 -1.35% on the back of easing supply-chain constraints and new growth initiatives, with at least two brokerages upgrading their calls on the counter following the release of its first-half results.
CGS International (CGSI) on Thursday (Nov 6) upgraded its call on the counter to &ldquo add&rdquo from &ldquo reduce&rdquo . UOB KayHian also upgraded its call on the Singapore Airlines : C6L -0.45% subsidiary to &ldquo buy&rdquo .
In CGSI&rsquo s analyst Raymond Yap&rsquo s report, he noted the rating upgrade comes as the outlook for the company has improved with the easing of constraints on parts and materials supply chains, which have enabled the company to raise its output of engines and component repairs.
Yap raised his target price on the counter to S$4 from S$3.10.
In its earnings for the quarter ended September, the maintenance, repair and overhaul (MRO) provider reported a 13.5 per cent rise in net profit to S$40.4 million for the period this made for a core net profit of S$83.4 million for the first half of the year.
CGSI and UOB KayHian (UOBKH) deemed this &ldquo in line with expectations&rdquo analysts from DBS assessed this to be &ldquo slightly ahead of expectations, supported by improved pricing and stronger associates&rdquo .
Analysts noted that the profit growth was partly offset by a S$4 million impairment on an onerous contract and gestation costs from new expansion projects. Those gestation costs are, however, projected to taper off with stronger growth momentum.
CGSI&rsquo s Yap noted these expansion costs relate to SIA Engineering&rsquo s new line maintenance business in Cambodia and its new Base Maintenance Malaysia (BMM) venture, but viewed them as &ldquo investments for long-term growth in a global MRO market that continues to experience robust demand&rdquo .
UOB KayHian analyst Roy Chen said: &ldquo Management has observed a notable improvement in spare parts supply in H1 FY2026 ... and expect this improving trend to continue into FY2027 this should support SIA Engineering&rsquo s earnings outlook.&rdquo
Chen raised his target price to S$3.92 from S$3.41, noting that the earnings uplift from the improvement in the supply chain could &ldquo largely mitigate&rdquo the drag from near-term gestation costs.
Analysts are focused on these new growth initiatives. CGSI noted that the BMM venture would start operations by December 2025 and could increase the company&rsquo s heavy-maintenance capacity by approximately 40 per cent once its second hangar is running.
DBS analyst Jason Sum, who maintained his &ldquo buy&rdquo call, cited the development of new engine and component capabilities, the ramp-up of the base maintenance of its facility in Subang, and the new MRO joint ventures in Malaysia and Cambodia as key drivers for medium-term earnings.
He noted the group&rsquo s significant financial flexibility, given its &ldquo robust net cash position&rdquo of S$485 million this liquidity, he said, provides room to enhance shareholder returns through higher dividends or buybacks, supporting long-term value creation.
&ldquo The street continues to underestimate SIA Engineering&rsquo s medium-term earnings potential,&rdquo Sum said. He raised his target price to S$4.00 from S$3.50.
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Joelton
Supreme |
05-Nov-2025 10:05
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SIA Engineering Q2 net profit up 13.5% at S$40.4 million
Its rise in revenue outpaced that of its rise in expenditure contributions from associated and joint-venture companies also increased
[SINGAPORE] SIA Engineering : S59 -2.25%had a 13.5 per cent improvement in net profit to S$40.4 million for the quarter ended September, as the increase in revenue outpaced that in expenditure, and contributions from associated and joint-venture companies rose.
The Singapore Airlines (SIA) : C6L -0.45% subsidiary offering maintenance, repair and overhaul (MRO) services reported in a regulatory filing on Tuesday (Nov 4) a 20.5 per cent increase in revenue to S$370.6 million, with the improvement being higher than the 18.9 per cent rise in expenditure.
The share of profits of associated and joint venture companies also rose, by 9.5 per year on year, to S$33.5 million.
SIA Engineering attributed the increase in expenditure mainly to higher costs of materials, manpower and IT system implementation, and a S$4 million impairment provision for an underperforming long-term contract. It did not name the customer for this contract in the filing.
An interim dividend of S$0.025 per share has been declared, and will be paid out on Nov 28. The interim dividend was S$0.02 per share for the year-ago period.
Basic earnings per share for the quarter was S$0.0361, up from S$0.0317 for the corresponding period of FY2025.
Net asset value per share as at end-September was S$1.514 cent, marginally lower than S$1.539 as at end-March.
For the half year, the company posted a 21.1 per cent rise in net profit to S$83.3 million and a 26.5 per cent improvement in its top line to S$729 million, amid robust demand for MRO services.
Line maintenance in Singapore handled 2.6 per cent more flights than in the same period last year, with an uptick in demand also recorded across its line maintenance network. Base maintenance also benefited from an increase in heavy maintenance checks.
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Barcalo
Master |
04-Nov-2025 18:34
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GROUP EARNINGS First Half FY2025-26 With robust demand for maintenance, repair and overhaul services (?MRO?) in the first half of the financial year ended 30 September 2025, Group revenue grew 26.5% to $729.0 million. Group expenditure also increased but at a lower rate of 25.0% to $716.0 million, mainly attributed to higher material costs, manpower costs, repair costs and IT system implementation costs, as well as a $4.0 million impairment provision for an underperforming long-term contract. Consequently, the Group?s operating performance improved by $9.6 million year-on-year to an operating profit of $13.0 million. Share of profits of associated and joint venture companies also increased by $12.7 million (+21.7%) year-on-year to $71.3 million. The breakdown of contribution by segments is as follows: - $68.6 million (+$12.4 million) from the engine and component segment, and - $2.7 million (+$0.3 million) from the airframe and line maintenance segment. The Group?s net profit for the first half ended 30 September 2025 was $83.3 million, an improvement of $14.5 million year-on-year. Basic earnings per share for the first half of the financial year ended 30 September 2025 was 7.45 cents. | ||||
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Barcalo
Master |
04-Nov-2025 16:47
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Suddenly dropped so much??? BB not expecting good result from SIA ENGINEERING?
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Barcalo
Master |
04-Nov-2025 13:14
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Will the result be good?
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ck79sg
Member |
04-Nov-2025 09:41
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SIA ENGINEERING COMPANY LIMITED WILL RELEASE HALF-YEAR FY2025/26 RESULTS ON 4 NOVEMBER SIA Engineering Company Limited will be announcing its financial results for the half-year ended 30 September 2025 on Tuesday, 4 November 2025, after trading hours of the Singapore Exchange Securities Trading Limited. The financial results will also be made available on our website at www.siaec.com.sg. | ||||
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Barcalo
Master |
08-Oct-2025 20:23
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Few good catch... Breaking all time high. | ||||
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Barcalo
Master |
25-Sep-2025 11:16
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Yes... Uptrend all the way. | ||||
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Barcalo
Master |
24-Sep-2025 16:44
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Lai liao. Dancing the same tune with SATS now.
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Barcalo
Master |
18-Sep-2025 16:00
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Lai liao. Lai liao!
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Barcalo
Master |
16-Sep-2025 18:39
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Something brewing again? Target price by PEOMS $3.84 | ||||
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ck79sg
Member |
06-Aug-2025 16:03
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Air India to tap Singapore Airlines to bolster fleet upkeep after June crash: SourcesPublished Aug 06, 2025, 02:21 PM Updated Aug 06, 2025, 02:24 PM DELHI - Air India plans to lean on shareholder Singapore Airlines to move some aircraft maintenance services in-house instead of outsourcing them to a state-owned company, according to people familiar with the matter. The Indian airline is preparing to take on pre-flight and daily aircraft inspections, minor repair work and other troubleshooting activities from state-owned AI Engineering Services Ltd., or AIESL, said the people, who weren&rsquo t authorised to discuss the matter publicly. SIA, which owns 25.1 per cent of Air India, will help in the transition of those maintenance tasks to the airline&rsquo s staff, the people said. &ldquo As a significant minority shareholder in Air India, Singapore Airlines has been working closely&rdquo to support Air India&rsquo s transformation plan, an SIA spokesperson said in an email. &ldquo This includes providing our expertise and support to Air India, where necessary.&rdquo The phased move away from AIESL follows a deadly crash on June 12 &ndash the cause of which remains unknown, a sector-wide safety audit and a temporary safety-related pause in service. Air India was in the midst of a transformation under its new owners &ndash the Tata Group bought the unprofitable former state-run carrier in 2022 &ndash when flight AI 171 crashed in the western city of Ahmedabad, killing all but one of the 242 people on board. Gaining control of maintenance services was a part of Air India&rsquo s restructuring plan even before the plane crash, but it had been put off in favour of getting more aircraft flying regularly and improving the experience on-board, the people said. Concerns had been raised internally in the past as well about the service provided by AIESL &ndash formerly a subsidiary when the carrier was state-owned &ndash citing problems such as clogged toilets on flights, they said. The Indian carrier &ldquo continues to work closely with AIESL. However, with our fleet expansion &ndash 570 aircraft including a significant number of widebody jets&ndash India&rsquo s current MRO infrastructure is not equipped to support this scale,&rdquo an Air India spokesperson said in an email. MRO refers to maintenance, repair and overhaul services. &ldquo To meet the demands of our future operations and ensure world-class reliability and safety, we must invest in building robust MRO capabilities and capacity within the country,&rdquo the spokesperson added. Air India&rsquo s relationship with SIA in terms of assistance with aircraft maintenance comes full circle as it had been the one helping the Singapore-based airline during the 1970s. Recent issues with Air India have also impacted SIA&rsquo s earnings, contributing to a 59 per cent drop in profit for the quarter ended June 30. The Air India plane crash also brought sharp scrutiny in the sector on issues like the maintenance of aircraft. A recent audit report by the Directorate General of Civil Aviation showed Air India Group had the most issues among Indian carriers, according to an annual safety audit that began much before the crash. A total of 93 findings were reported for Air India as part of regular surveillance under a safety oversight program, India&rsquo s aviation regulator said July 30. That far exceeded the 23 findings for rivals IndiGo and 14 for SpiceJet. Air India has a fleet of 191 aircraft while its low-cost subsidiary &ndash Air India Express - operates 115 planes, according to flight tracking website Flightradar24. The carriers fly a mix of Airbus and Boeing aircraft. BLOOMBERG |
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Barcalo
Master |
23-Jul-2025 18:38
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Sell on news today? Why drop so much?
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Joelton
Supreme |
23-Jul-2025 11:11
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SIA Engineering Q1 net profit rises 29.2% to S$42.9 million on strong MRO demand
Revenue is up 33.4% at S$358.4 million, while expenditure rises &lsquo at a slightly slower rate&rsquo of 32% to S$353.3 million
[SINGAPORE] Aircraft maintenance provider SIA Engineering Company (SIAEC : S59 +0.9%) on Tuesday (Jul 22) reported a net profit of S$42.9 million for the first quarter ended Jun 30, up 29.2 per cent from S$33.2 million in the year-ago period.
The group&rsquo s revenue for Q1 FY2026, at S$358.4 million, was 33.4 per cent higher than the S$268.7 million in Q1 FY2025.
Its expenditure rose &ldquo at a slightly slower rate&rdquo of 32 per cent to S$353.3 million this came mainly on the back of higher material and manpower costs, said the group in a business update.
SIAEC&rsquo s Q1 operating profit thus came up to S$5.1 million.
Earnings per share stood at S$0.0384, up from S$0.0296 for the same period in FY2025.
SIAEC said that, in Q1, it &ldquo continued to see higher demand for its maintenance repair and overhaul (MRO) services&rdquo .
During the quarter, it renewed comprehensive services agreements with Singapore Airlines and Scoot to provide &ldquo a broad spectrum of MRO services&rdquo . These agreements, valued at about S$1.3 billion, took effect on Apr 1, 2025. They cover a term of two years, with an option to extend by an additional year.
Jade Engineering, a subsidiary of SIAEC, also secured a contract for Boeing 777 cabin retrofit services.
The group&rsquo s share of profits from associated and joint venture companies was S$37.8 million in Q1, up 35 per cent year on year. The improvement was buoyed by growth in the group&rsquo s engine and component segment, as well as its airframe and line maintenance segment.
SIAEC added in its update that aircraft maintenance check volumes &ldquo remained healthy&rdquo in Q1.
&ldquo The sustained growth in passenger traffic, especially in Asia-Pacific, is expected to continue to drive MRO demand,&rdquo the group said.
&ldquo However, we remain vigilant to the challenges arising from the broader macroeconomic environment, such as heightened geopolitical tensions, tariff and trade policy developments, and ongoing supply chain issues.&rdquo
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spursfan
Supreme |
22-Jul-2025 20:02
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SIA ENGINEERING GROUP BUSINESS UPDATES FOR 1st QUARTER FY2025-26
Group revenue for the first quarter of FY2025-26 grew 33.4% year-on-year to $358.4 million. Group expenditure rose at a slightly slower rate of 32.0% to $353.3 million, mainly due to higher material and manpower costs. |
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Barcalo
Master |
18-Jun-2025 11:08
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Something brewing and internal news had been leaked out.
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ck79sg
Member |
18-Jun-2025 11:02
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Any idea what' s going on with SIA Engineering? The stock has been climbing steadily over the past few months, but there hasn&rsquo t been any major news, and the forums are quiet too. I know institutional banks like DBS Research and OCBC Investment upgraded their target price to $3.50 on 13 June, and the $0.07 dividend payout is on 12 August (ex-date 28 July), but the recent surge seems too strong to be just because of that. Any thoughts? | ||||
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dontbetray
Master |
21-May-2025 14:23
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machian parent give children to study hard to make sia proud hahah
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