DBS analyst Suvro Sarkar maintained a Buy rating on SIA Engineering Co (SEGSF – Research Report) yesterday and set a price target of S$2.80. The company’s shares closed last Friday at $1.74.
Sarkar covers the Utilities sector, focusing on stocks such as Chevron, Keppel Infrastructure, and Exxon Mobil. According to TipRanks, Sarkar has an average return of -2.7% and a 36.00% success rate on recommended stocks.
In addition to DBS, SIA Engineering Co also received a Buy from UOB Kay Hian’s Roy Chen in a report issued on May 10. However, on May 9, CGS-CIMB maintained a Hold rating on SIA Engineering Co (Other OTC: SEGSF).
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SEGSF market cap is currently $1.97B and has a P/E ratio of 40.47.
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SIA Engineering Co. Ltd. engages in the provision of airframe maintenance, component overhaul services and fleet management programme, the provision of line maintenance and technical ground handling services and investment holdings. It operates through the following two segments: Airframe and Line Maintenance, and Engine and Component. The Airframe and Line Maintenance segment provides airframe maintenance, line maintenance, and fleet management programme. The Engine and Component segment includes component overhaul and engine repair and overhaul services. The company was founded on March 16, 1982 and is headquartered in Singapore.
