|Day's range||4.15 - 4.19|
|52-week range||3.35 - 4.21|
|PE ratio (TTM)||14.12|
|Earnings date||25 Jul 2017 - 29 Jul 2017|
|Dividend & yield||0.09 (3.41%)|
|1y target est||3.59|
SIA Engineering Company (SIAEC) and GE Aviation have agreed to establish a new engine overhaul joint venture based in Singapore. The joint venture will provide a full range of engine maintenance, repair and overhaul (MRO) services for the GE90 and GE9X engines.
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It will commence operations at Kansai International Airport. SIA Engineering recently announced that it has established a wholly-owned subsidiary in Japan to provide line maintenance (LM) services at airports in Japan on receipt of relevant approvals from authorities. According to OCBC Investment Research, SIAEC shall commence operations at Kansai International Airport and intends to expand its presence with other service offerings as well as to other airports at a later stage.