Singapore Airlines Likely Facing Increased Competition -- Market Talk

Dow Jones09-19

0515 GMT - Singapore Airlines is likely facing increased competition from peers, UOB Kay Hian analyst Roy Chen says in a research report. SIA's passenger load factor stayed below prepandemic levels in August for the second straight month and was weaker than the brokerage expected, the analyst notes. Hence, SIA's passenger yield, the company's most important earnings driver, is expected to remain under pressure in the medium term, the analyst adds. However, the brokerage lifts its FY 2025 earnings forecast for SIA by 13% to reflect the recent decline in jet-fuel prices. It also raises the target price to S$5.83 from S$5.71 while maintaining the stock's sell rating. Shares are unchanged at S$6.60. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

September 19, 2024 01:15 ET (05:15 GMT)

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SIA's passenger load factor stayed below prepandemic levels in...</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":"2468451434","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468451434","pubTimestamp":1726722900,"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":"0515 GMT - Singapore Airlines is likely facing increased competition from peers, UOB Kay Hian analyst Roy Chen says in a research report. 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