SGX Stocks and Warrants

Author: kimeng   |   Latest post: Thu, 7 Nov 2019, 5:40 PM


SIA Engineering: Soft 2QFY19

Author:   |    Publish date:

SIA Engineering Company (SIAEC) registered an 8.5% YoY fall in revenue to S$251.3m in 2QFY19, mainly due to lower airframe and fleet management revenue. Operating profit was 43.8% lower at S$11.3m while share of profits of associates/JVs rose 31% to S$30.0m.

Net profit was 1.6% YoY lower at S$38.0m in the quarter, bringing 1HFY19 net profit to S$78.5m (+4.2%) or 45% of our full year figure. We judge this to be slightly below our expectations.

The group has declared an interim dividend of S$0.03/share which is lower than last year’s S$0.04/share. Pending an analyst briefing, we put our Buy rating and fair value estimate of S$3.70 under review.

Source: OCBC Research - 9 Nov 2018

Share this

Related Stocks

Chart Stock Name Last Change Volume 
SIA Engineering 2.86 +0.07 (2.51%) 1,306 

  Be the first to like this.


139  84  157  723 

Top 10 Active Counters
 Rex Intl 0.193-0.006 
 Golden Agri-Res 0.25+0.02 
 Tritech 0.028+0.008 
 United Engineers 2.70+0.05 
 MarcoPolo Marine 0.023+0.001 
 Spackman 0.016+0.001 
 Jiutian Chemical 0.017+0.002 
 GSS Energy 0.105+0.002 
 Ley Choon 0.019+0.003 
 Alpha Energy 0.0360.00 
Partners & Brokers