Companies can grow their businesses using a variety of methods. One is to expand their manufacturing facility to produce more goods to cater to rising demand. Another is to collaborate with reputable partners to expand their presence and increase their customer base. Yet another method is to conduct acquisitions or mergers to augment their capabilities by adding a new business segment. Investors do need to remember, however, that all business development initiatives require a gestation period. Time is needed for these moves to show results and be reflected in the company’s top and bottom lines. But should the business demonstrate a sustainable rise in profits and cash flows, its share prices should follow suit. Here are three Singapore companies that recently announced business development efforts.

SIA Engineering Co Ltd (SGX: S59)

SIA Engineering, or SIAEC, is a provider of aircraft maintenance, repair and overhaul (MRO) services. The group has a client base of more than 80 international airlines...