S59.SI - SIA Engineering Company Limited

SES - SES Delayed Price. Currency in SGD
3.20
-0.01 (-0.31%)
At close: 5:04PM SGT
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Previous close3.21
Open3.22
Bid3.20 x 0
Ask3.21 x 0
Day's range3.20 - 3.23
52-week range3.15 - 4.21
Volume525,100
Avg. volume957,510
Market cap3.58B
Beta0.11
PE ratio (TTM)21.05
EPS (TTM)0.15
Earnings date1 Feb 2018 - 5 Feb 2018
Forward dividend & yield0.09 (3.51%)
Ex-dividend date2016-11-10
1y target est3.49
  • SIA Engineering pressured to pull labour costs down
    Singapore Business Reviewlast month

    SIA Engineering pressured to pull labour costs down

    Almost half of its operating expenses are poured on labour. SIA Engineering's (SIAEC) stock price has dipped recently to $3.60 amidst bearishness over the placement of 39 million stocks and the stock's removal from the FSSTI. Firstly, SIAEC must narrow down labour cost increases, so as to serve as a catalyst for an upgrade.

  • SIA Engineering still struggling with cost control
    Singapore Business Review4 months ago

    SIA Engineering still struggling with cost control

    SIA Engineering Company might be getting a headache just finding a way to control its spending. According to UOB Kay Hian analyst K Ajith, cost control remains a challenge for the group and was apparent in its recent quarterly results. To recall, the group's net profit declined 13% YoY in the past quarter.

  • How SIA Engineering offsets challenges in MRO industry
    Singapore Business Review4 months ago

    How SIA Engineering offsets challenges in MRO industry

    SIA Engineering Company is expected to face headwinds in the maintenance, repair and overhaul (MRO) space. According to OCBC Investment Research analyst Eugene Chua, the MRO industry is set to drive on a rocky road with lower work content required and longer maintenance intervals on new aircraft/engine models and this could delay recognition of revenue. To offset this, SIAEC has been actively entering into partnerships with original equipment manufacturers for both aircraft and engines.

  • SIA Engineering takes advantage of airframe OEM deals
    Singapore Business Review4 months ago

    SIA Engineering takes advantage of airframe OEM deals

    It inked two agreements with Boeing in the past two years. SIA Engineering Company (SIAEC)'s partnership with airframe original equipment manufacturers (OEM) could provide a first mover advantage to the group. According to DBS Group Research analyst Suvro Sarkar, SIAEC incorporated a fleet management joint venture (JV) with Boeing in 2015, and in 2016 inked another airframe maintenance, repair and operations (MRO) JV with Airbus.

  • SIA Engineering's net profit crashes 81.8% to $36.2m
    Singapore Business Review4 months ago

    SIA Engineering's net profit crashes 81.8% to $36.2m

    Due to the lack of divestment gains it recorded last year. SIA Engineering Company's earnings for the quarter ending in June crashed by 81.8% to $36.2m, down from the $198.4m net profit it recorded last year. According to the group, last year's net profit was boosted by a gain from the divestment of its 10% stake in Hong Kong Aero Engine Services to Rolls-Royce Overseas Holdings Limited and Hong Kong Aircraft Engineering Company Limited.

  • SI Research: ST Engineering – A Defensive Stock In Uncertain Times
    Shares Investment4 months ago

    SI Research: ST Engineering – A Defensive Stock In Uncertain Times

    The Islamic State of Iraq and Syria (ISIS) recently suffered a major defeat in the old city of Mosul, Iraq. However, as it loses territories in the Middle East, cells of the terrorist group have announced their desire to create a “wilayah” or state in South East Asia.

  • Investors’ Corner (SIA Engineering Co, Thai Beverage Public Co, Keppel REIT, Oversea-Chinese Banking Corp)
    Shares Investment4 months ago

    Investors’ Corner (SIA Engineering Co, Thai Beverage Public Co, Keppel REIT, Oversea-Chinese Banking Corp)

    SIA Engineering Company (SIAEC) lately announced that its existing joint venture with Pratt & Whitney (P&W), Eagle Services Asia, has been selected as the maintenance, repair and overhaul (MRO) facility in Singapore for P&W PW1100G-JM GTF engines, which is one of the two engine options that power the A320neo aircraft family.

  • SIA Engineering-P&W JV finds new revenue stream
    Singapore Business Review5 months ago

    SIA Engineering-P&W JV finds new revenue stream

    It has been selected to provide MRO services to GTF engines. SIA Engineering Company (SIAEC) recently announced that its existing joint-venture with Pratt & Whitney (P&W), Eagle Services Asia (ESA), has been selected as the maintenance, repair and overhaul (MRO) facility in Singapore for P&W’s PW1100GJM PurePower Geared Turbofan (GTF) engines, which is one of the two engine options that powers the A320neo aircraft family. According to OCBC Investment Research, ESA will invest an estimated US$85m to equip the facility in order to perform MRO services on the GTF engines.

  • Divesting its engineering arm will not solve SIA's woes
    Singapore Business Review5 months ago

    Divesting its engineering arm will not solve SIA's woes

    SIAEC has a higher ROE than the parent airline. Various reports have stated that Singapore Airlines should divest SIA Engineering (SIAEC) or integrate SIAEC with ST Aerospace as part of its transformational plans. For analysts at UOB Kay Hian, this is not the answer to the airline's woes given that SIAEC has a much higher return on equity (ROE) than the parent airline and it provides a buffer to the airline operations.

  • SIAEC forms engine overhaul JV with GE Aviation
    Singapore Business Review5 months ago

    SIAEC forms engine overhaul JV with GE Aviation

    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.

  • SIA Engineering expands line maintenance service in Japan
    Singapore Business Review5 months ago

    SIA Engineering expands line maintenance service in Japan

    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.

  • SIA Engineering's full-year net profit jumps 88.2% to $332.4m
    Singapore Business Review6 months ago

    SIA Engineering's full-year net profit jumps 88.2% to $332.4m

    SIA Engineering ended its financial year with a bang as it recorded an 88.2% increase in net profit. According to the group, this is due to the 141.6m gain from the divestment of its 10% stake in Hong Kong Aero Engine Services (HAESL) to Rolls-Royce Overseas Holdings and Hong Kong Aero Engineering Company (HAECO). This came as full-year revenue decreased by 0.8% to $1.1b, mainly due to the fleet management.

  • SIA Engineering's net profit up 5% to $53.6m in Q3
    Singapore Business Review9 months ago

    SIA Engineering's net profit up 5% to $53.6m in Q3

    SIA Engineering posted a higher net profit for the past quarter ending in December, up 5% to $53.6m. Operating profit of $25.2m was $3.8m or 13.1% lower than the same quarter last year. Revenue of $272.3m saw a decrease of $2.9m or 1.1%, mainly from lower fleet management and airframe and component overhaul revenue, mitigated in part by higher line maintenance revenue.

  • SIA Engineering renews service agreement with SIA Cargo
    Singapore Business Review11 months ago

    SIA Engineering renews service agreement with SIA Cargo

    SIA Engineering Company Ltd. has signed the renewal of its comprehensive services agreement with Singapore Airlines Cargo as the existing deal is set to expire this year. "The Company’s support of the SIA Cargo’s freighter fleet covers a broad spectrum of maintenance, repair and overhaul, and support services," the group said. SIAEC CEO Png Kim Chiang said the two groups have a strong and mutually beneficial relationship build over so many years.