Singapore Airlines' Profit Likely to Cool -- Market Talk

Dow Jones08-06

0225 GMT - Singapore Airlines' profit should cool over FY 2025-2026 but will likely remain at decent levels, outperforming prepandemic numbers, analysts at UOB Kay Hian say in a note. They cut SIA's FY 2025-FY 2027 earnings forecast by 8.7%-9.6%. Some key risks weighing on the airline are a fragile macroeconomic environment dampening air travel and air cargo demand, and growing competition, UOB KH analysts say. They maintain a hold rating on SIA and trim the target price to S$6.28 from S$6.43. SIA's dividend yield could push investors to hold but UOB KH believes that "given the expected earnings moderation, SIA may lack near-term re-rating catalysts." SIA shares were recently at S$5.95. (rthvika.suvarna@wsj.com; @RthvikaS)

(END) Dow Jones Newswires

August 05, 2024 22:25 ET (02:25 GMT)

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BK99
08-06
BK99
Magic wand of yours will not work

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SIA's dividend yield could push investors to hold but UOB KH believes that \"given the expected earnings moderation, SIA may lack near-term re-rating catalysts.\" SIA shares were recently at S$5.95. 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They cut SIA's ...</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":"LU0865486749.SGD","symbol_name":"Eastspring Investments - Asian Equity Income AS SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2457305342","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457305342","pubTimestamp":1722911100,"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":"0225 GMT - Singapore Airlines' profit should cool over FY 2025-2026 but will likely remain at decent levels, outperforming prepandemic numbers, analysts at UOB Kay Hian say in a note. 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They cut SIA's FY 2025-FY 2027 earnings forecast by 8.7%-9.6%. Some key risks weighing on the airline are a fragile macroeconomic environment dampening air travel and air cargo demand, and growing competition, UOB KH analysts say. They maintain a hold rating on SIA and trim the target price to S$6.28 from S$6.43. SIA's dividend yield could push investors to hold but UOB KH believes that \"given the expected earnings moderation, SIA may lack near-term re-rating catalysts.\" SIA shares were recently at S$5.95. 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