[New post] CIMB: SIA Engineering

alanyeo posted: " Associates leading the recovery■ In its 1QFY3/22 business update, SIE surprised positively with a S$14.5m netprofit (+88% qoq, +36% yoy), forming 46% of our FY22F forecast.■ We believe this was lifted by stronger profit from associates and JVs (+20%qoq, " Respond to this post by replying above this line New post on Alpha Edge Investing CIMB: SIA Engineering by alanyeo Associates leading the recovery■ In its 1QFY3/22 business update, SIE surprised positively with a S$14.5m netprofit (+88% qoq, +36% yoy), forming 46% of our FY22F forecast.■ We believe this was lifted by stronger profit from associates and JVs (+20%qoq, +8% yoy) and some tax credit (amount undisclosed). JSS: S$38.6m.■ SIE trades at -1.5 s.d of […] Read more of this post alanyeo | July 26, 2021 at 12:22 pm | Tags: SIA Engineering | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-22Y Comment    See all comments    Like Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://alphaedgeinvesting.com/2021/07/26/cimb-sia-engineering/ Thanks for flying with WordPress.com