Post Reply
81-100 of 645
tis babe is one way up now...
Bullish on this industry
I suppose this is a buy
Monday gap up at least 6cents.
Good guardians for SIA and SATS results on 15 and 30 May
Dyodd
Good guardians for SIA and SATS results on 15 and 30 May
Dyodd
SIA Engineering reports full year earnings of $97.1 million, up 46.2% y-o-y
SIA Engineering' s earnings for FY2024 increased by 46.2% y-o-y to $97.1 million, on the back of a 37.5% jump in revenue to $1.09 billion.
The improvement can be attributed to the recovery in demand for its services with aviation picking up following the pandemic.
For the most recent second half ended March, earnings increased by 11.5% y-o-y to $37.8 million, and revenue rose 33.7% to $580.2 million.
SIA Engineering plans to pay a final dividend of 6 cents, bringing the full-year payout to 8 cents. For the preceding FY, a total of 5.5 cents was paid.
SIA Engineering sees healthy demand for its services with global air travel edging closer to pre-pandemic levels.
" However, a tight labour market, supply chain issues and inflation remain key concerns that weigh on our near-term operating margins," the company warns.
Can't see the depth of this hole
Useless stock.
Secret_Squirrel ( Date: 15-Apr-2024 15:13) Posted:
|
Today drop to lowest 2.21.
Now 2.22.
Lucky never enter at 2.24. lol
Now 2.22.
Lucky never enter at 2.24. lol
Ohyonglee ( Date: 04-Apr-2024 17:24) Posted:
|
The f this bugger doing. Drifting down like nobody business.
hope tis babe will also go privatization macam isetan n best world......
coy has been daily buy back share, agak might delist one of tis day macam osim when kept buying back shares.....Long some.......
accumulation fr long....tis babe cash rich n gd results so far.....dyodd.......
tis babe expanded scoop of services fr Scoot fr 58mths fr $52m, commence start 1st april 2024 wth an option to extend coverage fr futther 24 mths....hope fr a special div tis coming reporting results.......
SIA Engineering Q3 net profit more than doubles to S$26.9 million
AIRCRAFT maintenance provider (SIAEC) posted a net profit of S$26.9 million for its third quarter ended Dec 31, 2023, more than double the S$12.8 million in the corresponding period a year earlier.
Revenue for the quarter increased 40.2 per cent to S$291.7 million from S$208.1 million a year ago, reported the mainboard-listed company on Thursday (Feb 15).
As global flight activities steadily return to pre-pandemic levels, demand for aircraft maintenance, repair and overhaul (MRO) services &ldquo remained healthy&rdquo in the quarter, noted the group in a bourse filing.
The number of flights handled by its line maintenance unit in Singapore recovered to 94 per cent of pre-pandemic levels in December 2023, compared to 75 per cent a year earlier.
But while the increase in demand was broad-based, supply-chain challenges continued to affect turnaround times and output rates at the industry level.
The group&rsquo s expenditure increased to S$295.1 million, but at a lower rate of 33.8 per cent. This was largely due to higher manpower and material costs, said SIAEC.
Basic earnings per share stood at S$0.024, up from S$0.0114 the year before.
For the nine months ended December 2023, the group&rsquo s net profit rose to S$86.2 million, up 90.3 per cent from S$45.3 million in the year-ago period. Revenue also jumped 41.3 per cent to S$805.7 million from S$570.3 million a year earlier.
SIAEC noted that a third base maintenance hub was established in December last year in the Asia-Pacific region, after a 15-year lease agreement for two hangars at Sultan Abdul Aziz Shah Airport in Subang, Malaysia was signed.
During the quarter, the group also acquired an additional 10 per cent stake in Jamco Aero Design and Engineering, making it a 55 per cent-owned subsidiary.
&ldquo Through this acquisition, we are now in a better position to further develop our cabin maintenance and retrofit services,&rdquo SIAEC said.
The group also said that the outlook for global air travel continues to be strong.
&ldquo However, headwinds from macroeconomic and geopolitical uncertainties, along with tight labour market conditions, may exacerbate inflationary pressures and supply-chain issues, and impact our near-term operating margin,&rdquo it added.
SIAEC said it would continue to prioritise cost management and productivity to remain competitive. &ldquo In line with our commitment to achieve sustainable business growth, we will continue to invest in growing our MRO capabilities and expanding our geographical presence, while nurturing our portfolio of partnerships and joint ventures.&rdquo
With less shares on the free market , it is easier to push up the share price.
But it seems nobody is doing it. Lol
But it seems nobody is doing it. Lol
halleluyah ( Date: 27-Dec-2023 15:32) Posted:
|
Yday coy buy back shares again...left abt 20% mky float niah, can go delisting liao...
long some babe back....hope fr higher div to come as tis babe is doing well......also potential fr delisting......
SIA Engineering expands regional base network with 15-year lease of hangars in Subang
SIA Engineering Company : S59 -0.85% (SIAEC) unit Base Maintenance Malaysia has signed a 15-year lease agreement for two hangars at Sultan Abdul Aziz Airport in Subang, Malaysia.
In a bourse filing on Wednesday (Dec 20), SIAEC &ndash a provider of aircraft maintenance, repair and overhaul (MRO) services &ndash said the agreement, which carries an option to renew for another 15-year term, is significant as it establishes the group&rsquo s third base maintenance hub in the Asia-Pacific region.
The Subang hangars, each able to fit two wide-body aircraft, will boost the company&rsquo s airframe check capacity in providing comprehensive MRO of current and next-generation aircraft for its expanding portfolio of airline customers, it noted.
SIAEC chief executive Chin Yau Seng said the investment complements the group&rsquo s component and line maintenance joint ventures in Malaysia, allowing it to augment its extensive MRO offerings to its customers globally.
&ldquo With the expansion of our MRO network, this will further solidify our position as a leading provider of MRO services,&rdquo he said.
The lease agreement follows a non-binding memorandum of understanding with Impeccable Vintage Properties (IVP), a wholly-owned subsidiary of Malaysian sovereign wealth fund Khazanah Nasional Berhad, entered into in April 2022.
IVP chief executive Fuad Sharuji believes SIAEC&rsquo s establishment in Subang will bolster the thriving growth of Malaysia&rsquo s aerospace industry in support of the Malaysian government&rsquo s aspirations to position the country as a leading aerospace hub in South-east Asia.
Arham Abdul Rahman, the chief executive officer of the Malaysian Investment Development Authority, said the lease agreement &ldquo underscores a robust commitment from a prominent global aerospace MRO company like SIAEC to establish roots in Malaysia&rdquo .
The transaction is not expected to have a material impact on the net tangible assets per share or earnings per share of SIAEC for the financial year ending Mar 31, 2024, the group said.
today drop 5 cents, close at $2.33.
Today total transactions 248,100 shares.
Today total transactions 248,100 shares.
Short Sell Executed on December 18, 2023 Security ShortSaleVolume Curr ShortSaleValue SIA Engineering 164300 SGD 383423
SIA Engineering
The aircraft maintenance group repurchased a total of 50,300 shares over the last five trading days at an average price of S$2.33 per share.
Shareholders of SIA Engineering : S59 +2.15% approved plans to renew its share buyback scheme in July. Since then, it has acquired 737,900 shares &ndash representing 0.07 per cent of its shares outstanding.
The stock is down nearly 3 per cent this year, and down 0.9 per cent over the past month. It closed at S$2.38 on Friday (Dec 15), up 2.2 per cent for the day.
SIA Engineering reported an operating loss for the second quarter of FY2024 (the company has a March year-end), partly due to the debt impairment provision arising from the suspension of its Malaysian customer MYAirline.
In October, Malaysian authorities suspended the airline&rsquo s licence and air operator&rsquo s certificate after the low-cost carrier&rsquo s financial woes left passengers stranded at the airport.
SIA Engineering&rsquo s revenue, however, was almost back to pre-pandemic levels, at S$252.1 million for Q2 and S$514 million for H1.
The company also reported an 82.6 per cent increase in its H1 profit, to S$59.3 million and Q2 profit increased 64 per cent to S$32.3 million.
Investors are not yet convinced. The stock is still some way from its last peak of over S$5 in 2014.
The Covid-19 years were hard on the business. The company posted a full year operating loss of S$21.8 million in FY2022 &ndash though this was more than offset by the S$77.8 million share of profits from associated and joint venture companies, allowing the company to report a profit of S$67.6 million.
In FY2023, operating losses widened even further to S$26.3 million, while net profit fell 1.8 per cent to S$66.4 million.
Higher manpower costs, material costs and equipment running costs have also weighed on the company&rsquo s bottom line. In its most recent first half results, staff cost as a percentage of revenue was 54.4 per cent &ndash higher than the 53 per cent it posted a year earlier.
Revenue growth was also slower in Q2 of this year, at 32.2 per cent. Revenue grew 52.7 per cent in Q1, driven by higher demand for maintenance, repair and overhaul services.
The number of flights handled by the group under its line maintenance business improved 56 per cent in the first half of FY24, however, compared with a year ago. As at H1 FY24, the company&rsquo s flight recovery was 89 per cent of pre-Covid levels.