0134 GMT - SIA Engineering's outlook for the next one to two years appears dimmer after its 2Q FY 2025 earnings missed expectations, DBS Group Research analyst Jason Sum says in a research report. DBS cuts its estimates for FY 2025-2026 earnings for the provider of aircraft maintenance, repair and overhaul services by 15%-20%, citing slower revenue growth and lower operating margin assumptions. DBS also notes a likely reduced share of profits from SIA Engineering's joint ventures and associates due to challenges, such as supply chain constraints. DBS downgrades its rating for the stock to hold from buy and lowers its target price to S$2.50 from S$2.80. Shares are 0.4% lower at S$2.39. (ronnie.harui@wsj.com)
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