Singapore Airlines Likely Nearing End of Exceptional Performance -- Market Talk

Dow Jones05-17

0726 GMT - Singapore Airlines is likely nearing the end of its exceptional performance after posting record earnings for FY 2024, OCBC Investment Research analyst Ada Lim says in a research report. Although SIA's forward demand is still healthy, aided by strong uptick in forward bookings to North Asia and Southeast Asia, management cautioned that passenger yields will probably continue moderating as capacity increases, particularly in the region, Lim says. After considering factors including some adjustments to its earnings forecasts for SIA, OCBC trims the stock's fair value estimate to S$7.53 from S$8.00 with an unchanged hold rating. Shares are unchanged at S$6.73. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 17, 2024 03:26 ET (07:26 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2436964343?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-17 15:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2436964343","market":"hk","top_or_hot":-1,"title":"Singapore Airlines Likely Nearing End of Exceptional Performance -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0726 GMT - Singapore Airlines is likely nearing the end of its exceptional performance after posting record earnings for FY 2024, OCBC Investment Research analyst Ada Lim says in a research report. Although SIA's forward demand is still healthy, aided by strong uptick in forward bookings to North Asia and Southeast Asia, management cautioned that passenger yields will probably continue moderating as capacity increases, particularly in the region, Lim says. After considering factors including some adjustments to its earnings forecasts for SIA, OCBC trims the stock's fair value estimate to S$7.53 from S$8.00 with an unchanged hold rating. Shares are unchanged at S$6.73. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 17, 2024 03:26 ET (07:26 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Airlines Likely Nearing End of Exceptional Performance -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Airlines Likely Nearing End of Exceptional Performance -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-17 15:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0726 GMT - Singapore Airlines is likely nearing the end of its exceptional performance after posting record earnings for FY 2024, OCBC Investment Research analyst Ada Lim says in a research report. ...</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":"LU1206712785.SGD","symbol_name":"Aviva Investors - Multi-Strategy Target Return Ah SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2436964343","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2436964343","pubTimestamp":1715930760,"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":"0726 GMT - Singapore Airlines is likely nearing the end of its exceptional performance after posting record earnings for FY 2024, OCBC Investment Research analyst Ada Lim says in a research report. Although SIA's forward demand is still healthy, aided by strong uptick in forward bookings to North Asia and Southeast Asia, management cautioned that passenger yields will probably continue moderating as capacity increases, particularly in the region, Lim says. After considering factors including some adjustments to its earnings forecasts for SIA, OCBC trims the stock's fair value estimate to S$7.53 from S$8.00 with an unchanged hold rating. Shares are unchanged at S$6.73. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1206712785.SGD":"Aviva Investors - Multi-Strategy Target Return Ah SGD","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","LU1206713676.USD":"Aviva Investors - Multi-Strategy Target Return Ah USD","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999002406.SGD":"利安新加坡信托基金","BK6003":"航空公司","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","BK6112":"综合性银行","O39.SI":"华侨银行","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","C6L.SI":"新加坡航空公司","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","SG9999013478.USD":"利安新加坡股息基金","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU1522347837.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A","BK6516":"银行与投资服务概念","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","BK6523":"ESG概念","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","BK6519":"运输股","BK4008":"航空公司","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU0821914370.USD":"贝莱德亚洲成长领袖A2","SINGY":"Singapore Airlines Ltd."},"translate_title":"新加坡航空公司的出色表现可能接近尾声——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C6L.SI":1,"SINGY":0.9,"O39.SI":0.77},"content_text":"0726 GMT - Singapore Airlines is likely nearing the end of its exceptional performance after posting record earnings for FY 2024, OCBC Investment Research analyst Ada Lim says in a research report. Although SIA's forward demand is still healthy, aided by strong uptick in forward bookings to North Asia and Southeast Asia, management cautioned that passenger yields will probably continue moderating as capacity increases, particularly in the region, Lim says. After considering factors including some adjustments to its earnings forecasts for SIA, OCBC trims the stock's fair value estimate to S$7.53 from S$8.00 with an unchanged hold rating. Shares are unchanged at S$6.73. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 17, 2024 03:26 ET (07:26 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2436964343"}