Singapore Stock Market News

SIA Engineering - Hit by MAS woes?

StockFanatic
Publish date: Wed, 13 Aug 2014, 04:46 PM
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Reiterate SELL and TP of SGD4.20 (20x FY15 P/E).

■ SAESL's weakness attributed to fewer shop visits for Trent 800 engines that power B777s.

■ Headwinds could persist due to loss of two aircraft and reduced utilisation of B777s by MAS; and improved reliability of Trent 700s that power A330s.
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