Singapore Airlines' Passenger Yields May Narrow Further in 2H -- Market Talk

Dow Jones2024-11-12

0920 GMT - Singapore Airlines' passenger yields may narrow further in 2H, Phillip Securities Research analyst Liu Miaomiao writes in a note. As new capacity continues to enter the market, competition is stiffening, Liu says. The average fare per passenger declined over 10% in 1H amid a more promotional environment, which will likely intensify going into 2H, Liu adds. However, given the positive demand, SIA should benefit from higher contributions from subsidiaries and associates that operate in downstream segments like repair and maintenance services, Liu adds. Phillip Securities cuts its fiscal 2025 net profit forecast by 17%. It retains a reduce recommendation on the stock and trims the target price to S$5.25 from S$5.30. Shares are 0.2% lower at S$6.28. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

November 12, 2024 04:20 ET (09:20 GMT)

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However, given the positive demand, SIA should benefit from higher contributions from subsidiaries and associates that operate in downstream segments like repair and maintenance services, Liu adds. Phillip Securities cuts its fiscal 2025 net profit forecast by 17%. It retains a reduce recommendation on the stock and trims the target price to S$5.25 from S$5.30. Shares are 0.2% lower at S$6.28. 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As new capacity continues to enter the market, competition ...</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":"SGXZ58947870.SGD","symbol_name":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2482778685","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482778685","pubTimestamp":1731403200,"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":"0920 GMT - Singapore Airlines' passenger yields may narrow further in 2H, Phillip Securities Research analyst Liu Miaomiao writes in a note. 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