Singapore Airlines Has Limited Near-Term Catalysts -- Market Talk

Dow Jones09-19

0908 GMT - Singapore Airlines' shares have limited near-term catalysts, OCBC Investment Research analyst Ada Lim says in a report. Passenger and cargo yields appear to be moderating as other airlines increase their capacity in the market, Lim says. The risk-reward is looking less attractive, as shares have retraced 10.8% since Aug. 5 after correcting close to 15% ex-dividend and after its 1Q business update, Lim notes. Any potential upside from the Air India merger with Vistara, SIA's joint venture with Tata Sons, will only be realized in the medium to long term, as Air India is still loss-making and further investments are likely needed, Lim adds. OCBC has a fair value estimate of S$6.84 with a hold rating on the stock. Shares are 0.15% lower at S$6.59. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

September 19, 2024 05:08 ET (09:08 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/2468235185?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-19 17:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2468235185","market":"sg","top_or_hot":-1,"title":"Singapore Airlines Has Limited Near-Term Catalysts -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0908 GMT - Singapore Airlines' shares have limited near-term catalysts, OCBC Investment Research analyst Ada Lim says in a report. Passenger and cargo yields appear to be moderating as other airlines increase their capacity in the market, Lim says. The risk-reward is looking less attractive, as shares have retraced 10.8% since Aug. 5 after correcting close to 15% ex-dividend and after its 1Q business update, Lim notes. Any potential upside from the Air India merger with Vistara, SIA's joint venture with Tata Sons, will only be realized in the medium to long term, as Air India is still loss-making and further investments are likely needed, Lim adds. OCBC has a fair value estimate of S$6.84 with a hold rating on the stock. Shares are 0.15% lower at S$6.59. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 19, 2024 05:08 ET (09:08 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 Has Limited Near-Term Catalysts -- 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 Has Limited Near-Term Catalysts -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-19 17:08 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>0908 GMT - Singapore Airlines' shares have limited near-term catalysts, OCBC Investment Research analyst Ada Lim says in a report. Passenger and cargo yields appear to be moderating as other airlines ...</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":"SG9999000327.SGD","symbol_name":"Schroder Asian Growth A Dis SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2468235185","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468235185","pubTimestamp":1726736880,"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":"0908 GMT - Singapore Airlines' shares have limited near-term catalysts, OCBC Investment Research analyst Ada Lim says in a report. Passenger and cargo yields appear to be moderating as other airlines increase their capacity in the market, Lim says. The risk-reward is looking less attractive, as shares have retraced 10.8% since Aug. 5 after correcting close to 15% ex-dividend and after its 1Q business update, Lim notes. Any potential upside from the Air India merger with Vistara, SIA's joint venture with Tata Sons, will only be realized in the medium to long term, as Air India is still loss-making and further investments are likely needed, Lim adds. OCBC has a fair value estimate of S$6.84 with a hold rating on the stock. Shares are 0.15% lower at S$6.59. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","IE0032834883.USD":"FSSA ASIAN EQUITY PLUS \"I\" (USD) INC","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","BK6003":"航空公司","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","IE0009570106.USD":"FSSA ASIA OPPORTUNITIES \"I\" (USD) ACC","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","LU1522347837.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","SG9999001689.USD":"施罗德亚洲成长股票","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","BK6112":"综合性银行","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","IE0008368411.USD":"FSSA ASIAN GROWTH \"I\" (USD) ACC","IE00B031HW06.USD":"FSSA ASIAN GROWTH \"I\" (USD) INC","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SINGY":"Singapore Airlines Ltd.","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","LU0048573645.USD":"富达东盟基金","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0821914370.USD":"贝莱德亚洲成长领袖A2","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","BK6516":"银行与投资服务概念","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","LU0955623706.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) ACC","BK6523":"ESG概念","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU0955648018.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) INC MF","IE00B0169L03.USD":"FSSA ASIA FOCUS FUND \"I\" (USD) ACC","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","BK4008":"航空公司","SG9999002406.SGD":"利安新加坡信托基金","SG9999001127.SGD":"United Singapore Growth Fund SGD","C6L.SI":"新加坡航空公司","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD"},"translate_title":"新加坡航空近期催化剂有限——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C6L.SI":1,"SINGY":0.9},"content_text":"0908 GMT - Singapore Airlines' shares have limited near-term catalysts, OCBC Investment Research analyst Ada Lim says in a report. Passenger and cargo yields appear to be moderating as other airlines increase their capacity in the market, Lim says. The risk-reward is looking less attractive, as shares have retraced 10.8% since Aug. 5 after correcting close to 15% ex-dividend and after its 1Q business update, Lim notes. Any potential upside from the Air India merger with Vistara, SIA's joint venture with Tata Sons, will only be realized in the medium to long term, as Air India is still loss-making and further investments are likely needed, Lim adds. OCBC has a fair value estimate of S$6.84 with a hold rating on the stock. Shares are 0.15% lower at S$6.59. (kimberley.kao@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 19, 2024 05:08 ET (09:08 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","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":"4.29.3","shortVersion":"4.29.3","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/2468235185"}