0233 GMT - SIA Engineering's growth trajectory continues to look favorable, OCBC Investment Research's Ada Lim says in a research report. The International Air Transport Association said in early June that aircraft backlog exceeds 17,000, with implied wait time of 14 years for deliveries. The aircraft shortage means more airlines must fly older planes, the analyst says. SIA Engineering looks well-placed to capitalize on likely rapid growth of maintenance, repair and overhaul services for such planes in Asia-Pacific, given 70.4% of its FY 2025 revenue came from East Asia. OCBC raises the stock's fair value estimate to S$3.50 from S$3.00 with an unchanged buy rating. Shares are 2.3% higher at S$3.15. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 15, 2025 22:33 ET (02:33 GMT)
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