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This is Part 1 of a 5-part series in my analysis of purchase for SIAEC, and is the most comprehensive analysis I had done so far for my value investing. However, please note that this investment analysis was done with safety of principal in mind, and capital preservation is of utmost importance as I hold value investing concepts close to my heart.
As mentioned in my August 2010 portfolio review, this will be the final comprehensive analysis I will post up, as it involves huge amounts of time, effort and research. Future purchase decisions will be summarized in a more succinct manner for brevity, while keeping the underlying reasons and rationale intact.
Introduction
SIA Engineering Company (SIAEC) is a major provider of aircraft maintenance, repair, and overhaul services in Asia Pacific. The Company has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at Singapore Changi Airport for more than 50 international carriers, as well as airframe and component overhaul on some of the most advanced and widely used commercial aircraft in the world
The company was formed on April 1, 1992 from the engineering division of Singapore Airlines Limited (SIA) and was listed on the Stock Exchange of Singapore on May 12, 2000 (FY 2001). It is still currently 80.1% held by SIA and has a total issued share capital of 1.08 billion shares. It has been a listed entity for 10 years and has historical data for 10 years which can be analyzed through annual reports and corporate announcements/press releases. Information for this research and analysis of purchase report were all obtained from public sources such as industry reports, annual reports as well as published financial statements of publicly-listed competitor companies.
SIAEC also has approvals from 23 national aviation regulatory authorities to provide MRO services for aircraft registered in the U.S., Europe and Japan, among others.
Disclaimer: The author accepts no liability or responsibility for the accuracy and reliability of the information contained herein; so please do your own reading and research to obtain the facts and figures which you require to verify details within this report.
This analysis of SIAEC is pretty detailed and will therefore be broken up into five (5) parts, as follows:-
Read more...[caption id="attachment_3600" align="alignright" width="150" caption="Photo by kevindooley"][/caption]
This is Part 1 of a 5-part series in my analysis of purchase for SIAEC, and is the most comprehensive analysis I had done so far for my value investing. However, please note that this investment analysis was done with safety of principal in mind, and capital preservation is of utmost importance as I hold value investing concepts close to my heart.
As mentioned in my August 2010 portfolio review, this will be the final comprehensive analysis I will post up, as it involves huge amounts of time, effort and research. Future purchase decisions will be summarized in a more succinct manner for brevity, while keeping the underlying reasons and rationale intact.
Introduction
SIA Engineering Company (SIAEC) is a major provider of aircraft maintenance, repair, and overhaul services in Asia Pacific. The Company has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at Singapore Changi Airport for more than 50 international carriers, as well as airframe and component overhaul on some of the most advanced and widely used commercial aircraft in the world
The company was formed on April 1, 1992 from the engineering division of Singapore Airlines Limited (SIA) and was listed on the Stock Exchange of Singapore on May 12, 2000 (FY 2001). It is still currently 80.1% held by SIA and has a total issued share capital of 1.08 billion shares. It has been a listed entity for 10 years and has historical data for 10 years which can be analyzed through annual reports and corporate announcements/press releases. Information for this research and analysis of purchase report were all obtained from public sources such as industry reports, annual reports as well as published financial statements of publicly-listed competitor companies.
SIAEC also has approvals from 23 national aviation regulatory authorities to provide MRO services for aircraft registered in the U.S., Europe and Japan, among others.
Disclaimer: The author accepts no liability or responsibility for the accuracy and reliability of the information contained herein; so please do your own reading and research to obtain the facts and figures which you require to verify details within this report.
This analysis of SIAEC is pretty detailed and will therefore be broken up into five (5) parts, as follows:-
Read more...
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This is Part 1 of a 5-part series in my analysis of purchase for SIAEC, and is the most comprehensive analysis I had done so far for my value investing. However, please note that this investment analysis was done with safety of principal in mind, and capital preservation is of utmost importance as I hold value investing concepts close to my heart.
As mentioned in my August 2010 portfolio review, this will be the final comprehensive analysis I will post up, as it involves huge amounts of time, effort and research. Future purchase decisions will be summarized in a more succinct manner for brevity, while keeping the underlying reasons and rationale intact.
Introduction
SIA Engineering Company (SIAEC) is a major provider of aircraft maintenance, repair, and overhaul services in Asia Pacific. The Company has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at Singapore Changi Airport for more than 50 international carriers, as well as airframe and component overhaul on some of the most advanced and widely used commercial aircraft in the world
The company was formed on April 1, 1992 from the engineering division of Singapore Airlines Limited (SIA) and was listed on the Stock Exchange of Singapore on May 12, 2000 (FY 2001). It is still currently 80.1% held by SIA and has a total issued share capital of 1.08 billion shares. It has been a listed entity for 10 years and has historical data for 10 years which can be analyzed through annual reports and corporate announcements/press releases. Information for this research and analysis of purchase report were all obtained from public sources such as industry reports, annual reports as well as published financial statements of publicly-listed competitor companies.
SIAEC also has approvals from 23 national aviation regulatory authorities to provide MRO services for aircraft registered in the U.S., Europe and Japan, among others.
Disclaimer: The author accepts no liability or responsibility for the accuracy and reliability of the information contained herein; so please do your own reading and research to obtain the facts and figures which you require to verify details within this report.
This analysis of SIAEC is pretty detailed and will therefore be broken up into five (5) parts, as follows:-
Read more...
