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4Q end 31Mar08 FS
Rev $225.1mln
profit $55.7mln (vs 2007 $48.9mln)
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_CACE737A44F4810048257441007E66BB/$file/SIAEngCoFY0708Announcement.pdf?openelement
Strong rise today. Bottom out already?
I think found one out there strong-going apparently and it's IndoAgri. True/False?
singaporegal, I think currently all stocks are bearish looking - downtrending in the Acc/Dist and Chaikin Charts.
Can you screen any which is still strong-going?
3Q 08 result slightly down......9 mths 08 flat.........not impressive.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_CDB3E291B28F7B8A482573DF00329235/$file/SIAEngCo3Q0708AnnouncementSGX.pdf?openelement
Bearish looking. Downtrending in the Acc/Dist and Chaikin Charts.
This stock still looks bad. Failed to crossed its 20 day MAs and MACD seems falling. I was caught on this stock recently... possibly due greed and haste.
SIA Eng signs Sales and Purchase Agreement to acquire 100% of AMSA (Aircraft Maintenance Services Australia).
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BBA64B876AA0EE63482572F200394970/$file/amsa.pdf?openelement
Hi Gundamseed,
Sorry I missed your post... SJ moves too fast nowadays...
There's a slight chance of bottoming out... but wait for the price trend to change first. At the moment, I think there's still some downhill momentum left.
is SIA Engg forming a double bottom? recent low is 4.12.. now waiting how low this downtrend can goes? after this double bottom, wonder how high it can fly?
SporeGal ur views? Thanks
Still seems to be going downhill.... TA signs are still bearish
FA dun look that good now either, quite poor results. think it will side trend for the short term. vested.
Dear Singaporegal
Many thanx
Hi smallchange,
I don't look out for patterns (double tops, head and shoulders)... I just read trends from charts. From what I see, its still going downtrend for a while.
Dear Singaporegal
I'm basically a FA. Would appreciate your expertise on TA. Is a double top pattern forming for SIAEC? Which would mean a pattern reversal - i.e. a downtrend with support around $4.20?
Bollinger bands are pretty tight meaning that large price change may occur soon. Also, overall, the
TA charts don't look good.
like damn weak sia. buy call a while no more interest in it liao
vested.. anyone joinin mi?
a 6 dollars stocks coming soon..
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| SIA Engineering Continued Re-rating Supported By Continued High Airline Spending | |||||
| Current Price : S$4.42 Target (12-mth) : S$5.55 | |||||
| SIA Engineering's (SIAEC) share price is supported by expanded capacity, new high-growth revenue streams, overseas growth, restructuring potential and the continued success of its many JVs and associates. For investors to participate in the vibrant demand for air services throughout Asia, SIAEC also minimises the risk of high fuel/crude prices. Maintain BUY and increase target price to S$5.55 from S$4.10 on continued strong demand for engineering services. | |||||
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| Maintain BUY call and increase target price to S$5.55, providing 25% upside. This equates to an FY07 PE of 20x against a historical average of 11.7 and a high of 20.1x. This is warranted by the premium for restructuring. Target represents PB of 5x against historical average of 2.65 and a maximum of 5.2x. This is warranted with ROE rising to 28% in FY08. Our earnings forecast is considerably higher than consensus, yet represents very achievable revenue growth and profitability. |