0145 GMT - SIA Engineering's supply chain for spare parts seems to be improving, UOB Kay Hian's Roy Chen says in a research report, citing management. The company's management has observed a notable improvement in spare parts supply in 1H FY 2026, aided by suppliers' proactive capacity expansions, and expects this improving trend to continue into FY 2027. This should support the maintenance, repair and overhaul services provider's earnings outlook, as increased availability of spare parts would allow MRO operators to clear accumulated backlogs caused by earlier component shortages. The brokerage upgrades the stock's rating to buy from hold and raises the target price to S$3.92 from S$3.41. Shares are 0.8% lower at S$3.63. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 09, 2025 20:45 ET (01:45 GMT)
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