Singapore Airlines Slides 1.77% After Morgan Stanley Slashes Rating

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Singapore Airlines Slides 1.77% After Morgan Stanley Slashes Rating

Bloomberg2023-06-16

Stock rose 33% in the past month after reporting record profitMorgan Stanley has bull case target price of S$9.30 on sharesMorgan Stanley downgraded Singapore Airlines Ltd. after a peer-beating rally ...

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Win8333
·2023-06-17
The bigger the firm like Morgan, the less we should believe them, make your own judgement.
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1
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Durian Tan
·2023-06-16
Always will comment went stock starts to charge !!! To bring it down again [Miser]
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6
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Rogskywalker
·2023-06-16
I'm confident it will go beyond expectation. Time to pump in more at better rate.
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4
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V K
·2023-06-16
Evil morgan!
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6
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PHV Driver
·2023-06-16
Great ariticle, would you like to share it?
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4
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PHV Driver
·2023-06-16
Aeroplane no oil today. Hope after Father's day will get better.
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3
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ToTheSun0000
·2023-06-16
just hold lah. This is also an dividend stock.
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2
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CookieMon12
·2023-06-16
Woohoo 🥳
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V K
·2023-06-16
Charged!!!!!! To the moon!
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An Asia Pacific gauge of airline stocks traded higher on the day. The rating cut to equal-weight from overweight is the airlines’ first in four months since its rapid climb catapulted the stock to among the top gainers on the Bloomberg World Airlines Index this year, according to data compiled by Bloomberg. Singapore Airlines has risen 33% since May 16 after it reported a record profit, driven by pent-up demand. In contrast, the Straits Times Index has advanced 1.4% in that period.Many market players have remained optimistic on the firm as higher capacity and benign fuel prices will enhance margins in the current fiscal year. Still, these factors looked “played out” and the rally so far has captured these positives, analysts including Divya Gangahar Kothiyal wrote in a note Friday.The stock has overshot a consensus estimate target price of S$6.31, according to data compiled by Bloomberg. Morgan Stanley raised its target price by 16.8% to S$7.30 after switching its valuation framework.“Our bull case assumes cargo yields stabilize at current levels and costs remain well controlled, driving operating leverage and earnings growth of 15% in FY24,” Morgan Stanley said. “In such a scenario, the stock could continue to re-rate, and we assume a 5% premium over our base case” to a bull case of S$9.30.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":188159227920648,"gmtCreate":1686963044422,"gmtModify":1686967063833,"author":{"id":"4116194624864142","authorId":"4116194624864142","name":"Win8333","avatar":"https://community-static.tradeup.com/news/5ad24be330a750ad5714078337b91645","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"4116194624864142","idStr":"4116194624864142"},"htmlText":"The bigger the firm like Morgan, the less we should believe them, make your own judgement.","listText":"The bigger the firm like Morgan, the less we should believe them, make your own judgement.","text":"The bigger the firm like Morgan, the less we should believe them, make your own judgement.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188159227920648","repostId":1182870538,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187931950092440,"gmtCreate":1686907347397,"gmtModify":1686909075828,"author":{"id":"4111667666257122","authorId":"4111667666257122","name":"Durian Tan","avatar":"https://community-static.tradeup.com/news/5d52ca3be4a74bfe6cb897655f984f41","vip":1,"crmLevel":3,"crmLevelSwitch":1,"authorIdStr":"4111667666257122","idStr":"4111667666257122"},"htmlText":"Always will comment went stock starts to charge !!! To bring it down again&nbsp;[Miser]&nbsp;","listText":"Always will comment went stock starts to charge !!! To bring it down again&nbsp;[Miser]&nbsp;","text":"Always will comment went stock starts to charge !!! To bring it down again [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187931950092440","repostId":1182870538,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187931476410640,"gmtCreate":1686907232824,"gmtModify":1686909077429,"author":{"id":"4146977739759662","authorId":"4146977739759662","name":"Rogskywalker","avatar":"https://community-static.tradeup.com/news/098700831e8feaff5cd738f3c9fcc6c9","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"4146977739759662","idStr":"4146977739759662"},"htmlText":"I'm confident it will go beyond expectation. Time to pump in more at better rate.","listText":"I'm confident it will go beyond expectation. Time to pump in more at better rate.","text":"I'm confident it will go beyond expectation. Time to pump in more at better rate.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187931476410640","repostId":1182870538,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187931371315328,"gmtCreate":1686907205221,"gmtModify":1686909069778,"author":{"id":"3577323914202336","authorId":"3577323914202336","name":"V K","avatar":"https://static.tigerbbs.com/536d624e5750dcffec704eeed9bc003b","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3577323914202336","idStr":"3577323914202336"},"htmlText":"Evil morgan!","listText":"Evil morgan!","text":"Evil morgan!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187931371315328","repostId":1182870538,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187896826175664,"gmtCreate":1686900871058,"gmtModify":1686902603527,"author":{"id":"4135478944552532","authorId":"4135478944552532","name":"PHV Driver","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4135478944552532","idStr":"4135478944552532"},"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187896826175664","repostId":1182870538,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187896408355064,"gmtCreate":1686900772843,"gmtModify":1686902603631,"author":{"id":"4135478944552532","authorId":"4135478944552532","name":"PHV Driver","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4135478944552532","idStr":"4135478944552532"},"htmlText":"Aeroplane no oil today. Hope after Father's day will get better.","listText":"Aeroplane no oil today. Hope after Father's day will get better.","text":"Aeroplane no oil today. Hope after Father's day will get better.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187896408355064","repostId":1182870538,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187891375571064,"gmtCreate":1686899766538,"gmtModify":1686899770384,"author":{"id":"3577330851763964","authorId":"3577330851763964","name":"ToTheSun0000","avatar":"https://static.itradeup.com/news/d9efa26d1020f421dd5d2f8cfab0545e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3577330851763964","idStr":"3577330851763964"},"htmlText":"just hold lah. This is also an dividend stock.","listText":"just hold lah. This is also an dividend stock.","text":"just hold lah. This is also an dividend stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187891375571064","repostId":1182870538,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187884243796192,"gmtCreate":1686897800584,"gmtModify":1686897804247,"author":{"id":"3581997496673642","authorId":"3581997496673642","name":"CookieMon12","avatar":"https://static.tigerbbs.com/d412f1a182e016f0fe66376d12556dee","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3581997496673642","idStr":"3581997496673642"},"htmlText":"Woohoo 🥳&nbsp;","listText":"Woohoo 🥳&nbsp;","text":"Woohoo 🥳","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187884243796192","repostId":1182870538,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187883621634312,"gmtCreate":1686897652070,"gmtModify":1686897657067,"author":{"id":"3577323914202336","authorId":"3577323914202336","name":"V K","avatar":"https://static.tigerbbs.com/536d624e5750dcffec704eeed9bc003b","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3577323914202336","idStr":"3577323914202336"},"htmlText":"Charged!!!!!! To the moon!","listText":"Charged!!!!!! To the moon!","text":"Charged!!!!!! To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187883621634312","repostId":1182870538,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":31,"commentSize":9,"repostSize":8,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}