0824 GMT - SIA Engineering retains its bull at DBS Group Research, after its 1H FY2026 earnings came in slightly ahead of expectations. The Singapore-based aircraft-maintenance company's medium-term earnings growth is likely to be driven by new maintenance, repair and overhaul facilities, engine and component capabilities and expansion at its associates, says analyst Jason Sum in a note. The company could pursue mergers and acquisitions or partnerships, given its robust net cash position and solid cash generation, he adds. He projects an above-consensus FY 2028 core net profit of S$228 million. This implies an 18% three-year compound annual growth rate, he says. DBS maintains its buy rating on the stock and raises its target price to S$4.00 from S$3.50. Shares gain 3.95% to S$3.68. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
November 06, 2025 03:24 ET (08:24 GMT)
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