0931 GMT - SIA Engineering's core operations are likely to remain under pressure into FY 2027, says DBS Group Research's Jason Sum in a note. While startup and information-technology-related costs have likely peaked, the drag from expenses could persist into FY 2027, the analyst says. He cites preparation for the Singapore aircraft-maintenance company's second hangar in Subang, Malaysia, set to come online in 2H FY 2027. Its new Philippine line maintenance unit likely also needs time to break even, he says. While SIA Engineering's bottomline growth remains supported by associate contributions and moderate margin expansion, the company's medium-term recovery seems mostly priced into its shares. DBS maintains its hold rating and S$4.00 target price. Shares closed 2.0% lower at S$3.50. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

February 20, 2026 04:31 ET (09:31 GMT)

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