0626 GMT - SIA Engineering's medium-term growth prospects remain solid, although its FY 2027 earnings could be moderately hit by the Iran war, CGS International analyst Raymond Yap says in a note. The war has raised diesel costs for the aircraft-services provider's heavy vehicles at airports. However, SIA Engineering highlighted that its base maintenance slot bookings from its airline customers have not been rescheduled, the analyst notes. The company also noted that airlines which usually use Middle East maintenance, repair and overhaul services have started talking to SIA Engineering about potential future business. CGS International lowers the stock's target price to S$3.80 from S$4.00 but maintains an add rating. Shares are 0.9% lower at S$3.25.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
May 13, 2026 02:26 ET (06:26 GMT)
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