Singapore Airlines' Earnings May Track Lower Next Two Years -- Market Talk

Dow Jones05-21

0231 GMT - Singapore Airlines will likely see earnings moderate downwards in the next two years, UOB Kay Hian analyst Roy Chen writes in a research note. Passenger and cargo yield will likely moderate as competitors continue adding capacity, but profits will likely remain above pre-pandemic levels given its strong market leading position, Chen says. Key risks would be a weaker-than-expected macroeconomic environment impacting air travel and air cargo demand, and unfavourable jet fuel prices, Chen writes. There remains potential upside if it takes longer for competitors to catch up with capacity recovery, Chen adds. Chen raises the stock's target price slightly to S$6.35 from S$6.31 and keeps a hold rating. Share are 0.7% lower at S$6.72. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

May 20, 2024 22:31 ET (02:31 GMT)

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Key risks would be a weaker-than-expected macroeconomic environment impacting air travel and air cargo demand, and unfavourable jet fuel prices, Chen writes. There remains potential upside if it takes longer for competitors to catch up with capacity recovery, Chen adds. Chen raises the stock's target price slightly to S$6.35 from S$6.31 and keeps a hold rating. Share are 0.7% lower at S$6.72. 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Passenger and cargo yield will likely moderate...</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":"SINGY","symbol_name":"Singapore Airlines Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2437459370","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2437459370","pubTimestamp":1716258660,"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":"0231 GMT - Singapore Airlines will likely see earnings moderate downwards in the next two years, UOB Kay Hian analyst Roy Chen writes in a research note. Passenger and cargo yield will likely moderate as competitors continue adding capacity, but profits will likely remain above pre-pandemic levels given its strong market leading position, Chen says. Key risks would be a weaker-than-expected macroeconomic environment impacting air travel and air cargo demand, and unfavourable jet fuel prices, Chen writes. There remains potential upside if it takes longer for competitors to catch up with capacity recovery, Chen adds. Chen raises the stock's target price slightly to S$6.35 from S$6.31 and keeps a hold rating. Share are 0.7% lower at S$6.72. 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