Should you trade SIA shares?

The national airline’s shares are up 6% in 2022. Is this a good time to buy the stock?

SIA stock price: what’s the latest forecast?

Singapore Airlines Ltd (SIA) shares rallied in mid-August 2022, after releasing its operating results for July 2022.

The aviation stock has a consensus rating of ‘rating’ and average price target of S$5.38, based on the latest analyst sentiments published by SGX StockFacts.

The price target equates to a slight upside potential from SIA’s last traded price of S$5.32 a share.

CIMB’s equity research team recently wrote that it expects the airline to ‘do very well in the coming quarters’.

This is ‘due to the combination of rising capacity restoration, strong demand, high load factors and robust yields’.

‘For FY2023 (1 April 2022 to 31 March 2023) as a whole, we think that the SIA Group should be able to restore 74% of its pre-Covid-19 capacity, rising to at least 95% in FY2024 or higher if China reopen its borders sooner’.

As such, they raised their 2022 year-end target price for SIA shares from S$5.89 to S$6.10 and rating to ‘add’ from ‘neutral’.

Key downside risks include the potential for higher oil prices in the event of negative geopolitical developments, and more competition once other airlines are able to deploy more of their fleet.

Source : https://www.ig.com/sg/news-and-trade-ideas/should-you-trade-sia-shares--220901.amp

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Comments

Trainman
2022-09-05
Trainman
Bullish on SIA as more countries are opening up such as Japan and Korea.
企鹅大人
2022-09-05
企鹅大人
[smile] good
golden apple
2022-09-08
golden apple
Ok
Monkey123
2022-09-06
Monkey123
Ok
Newnew
2022-09-06
Newnew
Hi
Llim
2022-09-05
Llim
K

Leave a comment

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Is this a good time to buy the stock?</p><p>SIA stock price: what’s the latest forecast?</p><p>Singapore Airlines Ltd (SIA) shares rallied in mid-August 2022, after releasing its operating results for July 2022.</p><p>The aviation stock has a consensus rating of ‘rating’ and average price target of S$5.38, based on the latest analyst sentiments published by SGX StockFacts.</p><p>The price target equates to a slight upside potential from SIA’s last traded price of S$5.32 a share.</p><p>CIMB’s equity research team recently wrote that it expects the airline to ‘do very well in the coming quarters’.</p><p>This is ‘due to the combination of rising capacity restoration, strong demand, high load factors and robust yields’.</p><p>‘For FY2023 (1 April 2022 to 31 March 2023) as a whole, we think that the SIA Group should be able to restore 74% of its pre-Covid-19 capacity, rising to at least 95% in FY2024 or higher if China reopen its borders sooner’.</p><p>As such, they raised their 2022 year-end target price for SIA shares from S$5.89 to S$6.10 and rating to ‘add’ from ‘neutral’.</p><p>Key downside risks include the potential for higher oil prices in the event of negative geopolitical developments, and more competition once other airlines are able to deploy more of their fleet.</p><p><br></p><p>Source : https://www.ig.com/sg/news-and-trade-ideas/should-you-trade-sia-shares--220901.amp</p></body></html>","htmlText":"<html><head></head><body><p>The national airline’s shares are up 6% in 2022. Is this a good time to buy the stock?</p><p>SIA stock price: what’s the latest forecast?</p><p>Singapore Airlines Ltd (SIA) shares rallied in mid-August 2022, after releasing its operating results for July 2022.</p><p>The aviation stock has a consensus rating of ‘rating’ and average price target of S$5.38, based on the latest analyst sentiments published by SGX StockFacts.</p><p>The price target equates to a slight upside potential from SIA’s last traded price of S$5.32 a share.</p><p>CIMB’s equity research team recently wrote that it expects the airline to ‘do very well in the coming quarters’.</p><p>This is ‘due to the combination of rising capacity restoration, strong demand, high load factors and robust yields’.</p><p>‘For FY2023 (1 April 2022 to 31 March 2023) as a whole, we think that the SIA Group should be able to restore 74% of its pre-Covid-19 capacity, rising to at least 95% in FY2024 or higher if China reopen its borders sooner’.</p><p>As such, they raised their 2022 year-end target price for SIA shares from S$5.89 to S$6.10 and rating to ‘add’ from ‘neutral’.</p><p>Key downside risks include the potential for higher oil prices in the event of negative geopolitical developments, and more competition once other airlines are able to deploy more of their fleet.</p><p><br></p><p>Source : https://www.ig.com/sg/news-and-trade-ideas/should-you-trade-sia-shares--220901.amp</p></body></html>","text":"The national airline’s shares are up 6% in 2022. Is this a good time to buy the stock? SIA stock price: what’s the latest forecast? Singapore Airlines Ltd (SIA) shares rallied in mid-August 2022, after releasing its operating results for July 2022. The aviation stock has a consensus rating of ‘rating’ and average price target of S$5.38, based on the latest analyst sentiments published by SGX StockFacts. The price target equates to a slight upside potential from SIA’s last traded price of S$5.32 a share. CIMB’s equity research team recently wrote that it expects the airline to ‘do very well in the coming quarters’. This is ‘due to the combination of rising capacity restoration, strong demand, high load factors and robust yields’. ‘For FY2023 (1 April 2022 to 31 March 2023) as a whole, we think that the SIA Group should be able to restore 74% of its pre-Covid-19 capacity, rising to at least 95% in FY2024 or higher if China reopen its borders sooner’. As such, they raised their 2022 year-end target price for SIA shares from S$5.89 to S$6.10 and rating to ‘add’ from ‘neutral’. Key downside risks include the potential for higher oil prices in the event of negative geopolitical developments, and more competition once other airlines are able to deploy more of their fleet. 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