Singapore Airlines' FY 2024 Earnings Could Be Another Record -- Market Talk

Dow Jones01-22

0334 GMT - Singapore Airlines' FY 2024 earnings could be another record, DBS Group Research analysts say in a research note. DBS lifts its FY 2024 and FY 2025 earnings forecasts for SIA by 11% and 18%, respectively, on expectations of slightly softer but more resilient passenger yields. However, with SIA's capacity substantially restored at around 93% of pre-pandemic levels, the carrier faces constraints in increasing capacity further and mitigating margin pressures, DBS says. The bank raises the stock's target price to S$7.00 from S$6.80 and maintains a hold rating. Shares are 0.3% lower at S$6.48. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 21, 2024 22:34 ET (03:34 GMT)

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The bank raises the stock's target price to S$7.00 from S$6.80 and maintains a hold rating. Shares are 0.3% lower at S$6.48. 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DBS lifts its FY 2024 and FY 2025 earnings forecasts for SIA by 11% and 18%...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"C6L.SI","symbol_name":"新加坡航空公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2405997713","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2405997713","pubTimestamp":1705894440,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0334 GMT - Singapore Airlines' FY 2024 earnings could be another record, DBS Group Research analysts say in a research note. 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