Singapore Airlines Retains a Bull on Brighter Outlook -- Market Talk

Dow Jones2024-06-19

0428 GMT - Singapore Airlines could see further upside this year, Nomura research analysts write in a note. SIA's passenger traffic for May was largely in line with expectations, they note, while cargo loads rose on strong e-commerce demand and a shift in demand from sea to air cargo due to the Red Sea Crisis. Arrivals from China in Singapore in May rose 133% on-year, with on-month numbers recovering from March and April's declines. More positive news is expected this year on the merger between Vistara, which is co-owned by SIA, and Air India, they add. Nomura retains its buy rating with a target price of S$9.17. Shares last at S$6.79. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

June 19, 2024 00:28 ET (04:28 GMT)

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More positive news is expected this year on the merger between Vistara, which is co-owned by SIA, and Air India, they add. Nomura retains its buy rating with a target price of S$9.17. Shares last at S$6.79. 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SIA's passenger traffic for May was largely in line with expectations, they note, while ...</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":"SG9999013460.SGD","symbol_name":"LionGlobal Singapore Dividend Equity Fund SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2444411481","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2444411481","pubTimestamp":1718771280,"columns":[],"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":"0428 GMT - Singapore Airlines could see further upside this year, Nomura research analysts write in a note. 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