SIA Engineering Jumps 3.85%; SIA Engineering Likely to Keep Benefiting From Strong Flight Volumes
SIA Engineering is expected to keep benefiting from continued strong flight volumes, KGI Securities (Singapore) analyst Tang Kai Jie writes in a note.
Flight volumes in Singapore are likely to remain strong as travel demand continues to remain resilient amid economic uncertainties, the analyst says.
The coming summer peak travel season should also boost flight demand and volume, the analyst adds.
This should lead to higher demand for maintenance, repair and overhaul services for the aircraft services company, the analyst says.
KGI Securities (Singapore) raises its target price for the stock to S$2.83 from S$2.59, while maintaining an outperform rating.
SIA Engineering jumps 3.85% at 10:47 am, May 28th.
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