SGX:S59

SIA Engineering, Safran Form Singapore LEAP Engine JV

SIA Engineering (SGX:S59) and Safran Aircraft Engines agreed to form a joint venture in Singapore to provide maintenance, repair, and overhaul services for CFM LEAP engines, according to a Friday bourse filing.Safran Aircraft Engines will own 51% of the venture, while SIA Engineering will hold the remaining 49%.The partners plan to invest up to $118 million in the venture, which will service LEAP-1A and LEAP-1B engines and expand maintenance capacity in the region.

Singapore Exchange Updates STI Reserve List

Singapore Exchange (SGX:S68) included First Resources (SGX:EB5) and Olam Group (SGX:VC2) in its STI Reserve List, while NetLink NBN Trust (SGX:CJLU) and SIA Engineering (SGX:S59) exited the list, according to a Thursday bourse filing.The new changes will take effect from June 22, with the next review scheduled to take place in September, the filing added.

SIA Engineering Launches Base Maintenance Facility in Malaysia

SIA Engineering (SGX:S59) is officially launching Base Maintenance Malaysia, its wholly owned base maintenance facility at Sultan Abdul Aziz Shah Airport, Subang, Malaysia, according to a Friday filing with the Singapore Exchange.Part of SIAEC's regional base maintenance network, the newly activated complex features two hangars equipped to provide aircraft maintenance, repair and overhaul services for up to six narrowbody or widebody aircraft simultaneously.The facility is set to open today, the filing said.

Phillip Securities Upgrades SIA Engineering Company to Buy from Accumulate; Price Target is SG$4.06

Singapore Shares Edge Higher Against Regional Slump Amid Renewed Middle East Tensions

Singapore shares closed marginally in positive territory Tuesday, proving resilient even as regional markets retreated on news that the U.S.-Iran ceasefire is nearing collapse.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,915.15 and 4,953.04 throughout the day. It ended the session at 4,946.00, up 3.23 points or nearly 0.1% compared to Monday's close.On the corporate front, OxPay Financial (SGX:TVV) surged nearly 13% at the close as it increased investment in its subsidiary, Oxygen7, through the subscription of 349,000 shares at $1 per share.Medi Lifestyle (SGX:Z4D) plunged nearly 8% at the close as it narrowed its attributable loss to owners by 21% in the first quarter of the year to 699,000 ringgit from 881,000 ringgit a year earlier.Meanwhile, shares of SIA Engineering (SGX:S59) were up over 3% at the close as the company's profit attributable to owners rose to SG$85.6 million in the fiscal second half ended March 31 from SG$70.8 million a year earlier.

SIA Engineering Reports Higher Profit in Fiscal H2

SIA Engineering's (SGX:S59) profit attributable to owners rose to SG$85.6 million in the fiscal second half ended March 31 from SG$70.8 million a year earlier, according to a Tuesday filing with the Singapore Exchange.Earnings per share came in at SG$0.0762 compared with SG$0.0630 in the year-ago period.Revenue climbed year over year to SG$693.9 million from SG$668.9 million, backed by higher flight volumes and an increase in maintenance activity.The board recommended a final dividend of SG$0.085 per share for the period, which will be paid on Aug. 14.For fiscal 2026, the total dividend payout will be SG$0.11 per share, up from SG$0.09 per share a year earlier.Shares of the aircraft maintenance, repair and overhaul firm were up over 2% in Tuesday trading.

DBS Group Research Upgrades SIA Engineering to Buy from Hold, Adjusts Price Target to SG$3.80 from SG$4