Monday, December 7, 2009

SIA Engineering hits 4-session high of $3; higher margins likely, says UOB K...

 
 

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via The Edge Singapore RSS Feed by The Edge on 12/2/09

SIA Engineering (S59.SG) rose 0.3% to hit a four-session high of $3, but gains have been accompanied by thin volume.

UOB KayHian says buying fatigue seems to be setting in after its recent outperformance, reports Dow Jones Newswires.

Shares of SIA Engineering have risen 16.3% since beginning 4Q09 vs the STI's 4.6% gain over same period, with volume gradually coming off after hitting year-to-date high of $3.08 last week.

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