Singapore Airlines Earnings Growth Could Peak in 3Q -- Market Talk

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Singapore Airlines Earnings Growth Could Peak in 3Q -- Market Talk

Dow Jones2022-11-10

0506 GMT - Singapore Airlines' earnings growth could peak this year in 3Q FY2023, UOB Kay Hian analyst Roy Chen writes in a research report. The airline's advance sales as of the end of 1H FY 2023 reached 40% above prepandemic levels, which indicates a very strong revenue performance in the quarter, the analyst says. As cargo yields could begin to trend lower in 4Q FY 2023 as competing airlines gradually resume operations, Singapore Airlines' earnings growth could also gradually return to normal at the end of the fiscal year, he says. The brokerage maintains a hold rating and an unchanged target price of S$5.18 on Singapore Airlines' stock, which is unchanged at S$5.32. (yiwei.wong@wsj.com)

(END) Dow Jones Newswires

November 10, 2022 00:08 ET (05:08 GMT)

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Big Bull
·2022-11-25
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打死菜鸟
·2022-11-14
5.45 already, this analyst so low
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