SIA Engineering reported Friday its fiscal second quarter net profit increased 21.1 percent on-year to S$46 million amid higher revenue and lower expenses.
SIA Engineering reported Friday its fiscal 1Q net profit rose 2.7% on-year to S$41.6 million as nearly flat revenue was offset by a decline in expenses.
These are Singapore companies which may be in focus on Thursday, 11 July 2019: Sembcorp, UOB, SGX, Ascendas India Trust, Accordia Golf and Cordlife.
SIA Engineering’s surge last week on speculation parent Singapore Airlines might take the company private was “too fast too furious,” CGS-CIMB said Friday.
SIA Engineering’s shares surged for a second day, as speculation emerged that the aircraft maintenance operator could be taken private.
SIA Engineering reported Friday its fiscal 4Q net profit fell 12.3 percent on-year to S$49.3 million on a year-ago divestment gain from the sale of ACTS.
These are Singapore stocks which may be in focus on Tuesday, 2 April 2019: SIA Engineering, Keppel, Olam and Golden Agri-Resources.
SIA Engineering said Monday it signed a two-year comprehensive service agreement with Singapore Airlines, with an option to renew for another two years.
These are Singapore companies which may be in focus on Monday, 1 April 2019: Swiber, SIA Engineering, Hyflux, Singapore Airlines and CapitaLand.
SIA Engineering said on Friday it entered a deal with NokScoot Airlines to form a line maintenance joint venture in Thailand.
SIA Engineering had an “ugly” fiscal third quarter, which missed forecasts, but it’s “not as terrible as it looks,” as it was mainly from one-offs at associates, Maybank KimEng said in a note on Monday.
The worst isn’t over for SIA Engineering amid deteriorating fundamentals, Daiwa said on Friday after earnings missed forecasts on surprise provisions for joint ventures and associates.