0710 GMT - SIA Engineering's risk-reward profile seems improved after a recent share-price correction, leading DBS Group Research's Jason Sum to turn bullish on the stock. The operating environment for the Singapore aircraft-services provider appears supportive, he says in a note, citing resilient traffic and utilization. The market to service aircraft engines remains strong as aircraft retirements remain below historical levels, which should underpin SIA Engineering's earnings visibility, the analyst adds. DBS raises its rating to buy from hold, but cuts its target price to S$3.80 from S$4.00 to reflect compressed sector valuations. Shares fall 1.0% to S$3.08. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
April 30, 2026 03:10 ET (07:10 GMT)
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