Shares & Derivatives
SIA Engineering – Analysis of Purchase Part 2
By Musicwhiz  •  September 27, 2010
[caption id="attachment_2604" align="alignright" width="150" caption="Photo by Hythe Eye"]Photo by Hythe Eye[/caption] Part 2 of SIAEC’s analysis of purchase will look into its Business Divisions and provide some background on what the Group does; and also follow the history of each division. SIA Engineering Company has two dominant business divisions – namely repairs and overhaul (forming the bulk of their MRO business), and line maintenance, which includes inspections for aircraft for major airlines. This section shall attempt to chart out the business history of each division and to give an overview of the progress of each division over time, highlighting its notable achievements in particular. Note that I have lumped together Fleet Management under repairs and overhaul, as it is basically part of the division which provides comprehensive technical assistance to the airlines for their aircraft. Repair and Overhaul Brief Description of Business Activities Airframe Maintenance and overhaul sub-division facilities comprise of 5 hangars with a combined total of 8 bays and total floor area of approximately 43,200m2. With these facilities, we are able to provide total support solutions to our growing portfolio of third party customers. Component maintenance and overhaul sub-division has 22 workshops which test, repair and overhaul components including those removed from the aircraft in the hangars. Engine overhaul sub-division is able to provide engine parts repairs and overhaul services to high-performance engines such as Rolls-Royce Trent 500, 700 and 800 series as well as Pratt & Whitney, just to name a few. Read more...
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By Musicwhiz
Musicwhiz who is in his 30s is educated in accounting and works in the investment line (but not in a bank, financial institution, brokerage or fund house). He has a have a full-time job and investing is his side-line as well as passion. Musicwhiz is a value investor and his technique is derived from the teachings of Warren Buffett, Benjamin Graham and Phil Fisher. He incorporate all aspects of their investing style, and modify his value investing style to the Singapore market.
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