Analyst Reiterates Buy as Robust MRO Growth and Engine Capacity Offset Start-Up Losses, While Target Price Eases to S$4.06
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Analyst Hashim Osman from Phillip Securities has upgraded SIA Engineering Co to a Buy with a target price of S$4.06, citing resilient earnings and attractive valuation despite start-up losses. He notes robust growth in engine repair volumes and maintenance activity, while acknowledging geopolitical risks. DBS also maintains a Buy rating with a S$3.80 target. The stock has seen a 15.26% drop over the past six months, from S$3.670 to S$3.110.
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