06-11-2014, 08:50 PM
(06-11-2014, 06:26 PM)AlphaQuant Wrote: Quite a good writeup from JP on SIAEC's brief.
JP = JP Morgan? I must say this report carries much substances than local broker houses one.
I was trying to find out the details and explanation of their bad result and any action taken by management to remedy the increased costs. But many times local broker houses just extracting sentences from the result announcement and use very high level general wording.
So far i am more concern about their engine service sector. I am not sure the engine servicing is temporary push back and the volume will be back eventually, or a fundamental change that engine need not service frequently? And certain engine phase out will result in permanent slump?
I also notice that SIA Engr only services 2 of the 3 biggest engines. How about GE? They do it all by themselves?