Our end-CY22F target price for

2022-05-24

Our end-CY22F target price for SIA remains at S$5.88, still based on an unchanged target P/BV multiple of 1.06x (1 standard deviation above the mean since 2011 of 0.93x), applied to the end-FY23F adjusted BVPS.

We use a P/BV that is above the mean to reflect our optimism over the meaningful reopening of international travel markets by mid-CY22F. Valuing SIA at a P/BV mean of 0.93x (since 2011) yields a fair value per share of S$5.16.

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

SandDust
2022-05-24
SandDust
Solid company but oil price go higher from here and you know they will be badly impacted
Chilli Padi
2022-05-24
Chilli Padi
If passenger traffic increase, SIA should recover.
Jason1616
2022-05-24
Jason1616
With oil price surging. Upside potential remains limited.
STtee
2022-05-24
STtee
not the most stable one to go into
leilei369
2022-05-24
leilei369
thanks for sharing
Gao21927
2022-05-24
Gao21927
谨慎进入

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