Risk-Reward for Singapore Airlines Shares Looks Tilted to Downside -- Market Talk

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Risk-Reward for Singapore Airlines Shares Looks Tilted to Downside -- Market Talk

Dow Jones2023-07-19

0259 GMT - Risk-reward for Singapore Airlines' shares seems skewed to the downside, Citi Research analysts say in a research report as they cut the stock's rating to sell from buy. Assuming SIA's revenue per available seat kilometer normalizes to 19% above prepandemic levels in FY 2025, this suggests limited upside based on Citi's bull-case estimate. And such high revenue seems unlikely due to the industry's incremental supply resumption, the analysts add. However, Citi raises the stock's target to S$6.54 from S$6.41 after making earnings forecast adjustments for FY 2024-FY 2025 to account for higher passenger yield assumptions and higher unit-cost estimates. Its earnings forecasts are 3%-8% above consensus. Shares are 0.8% lower at S$7.40. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 18, 2023 23:00 ET (03:00 GMT)

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bird bird
·2023-07-19
More bullshit manipulation from citibank. They can't even recover their share price back to pre covid level
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Assuming SIA's ...</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":"BK6003","symbol_name":"航空公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2352777285","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2352777285","pubTimestamp":1689735600,"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":"0259 GMT - Risk-reward for Singapore Airlines' shares seems skewed to the downside, Citi Research analysts say in a research report as they cut the stock's rating to sell from buy. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6003":"航空公司","BK6523":"ESG概念","C6L.SI":"新加坡航空公司","SG9999001127.SGD":"United Singapore Growth Fund SGD","BK6519":"运输股"},"translate_title":"新加坡航空公司股票的风险回报看起来倾向于下行——市场言论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C6L.SI":1},"content_text":"0259 GMT - Risk-reward for Singapore Airlines' shares seems skewed to the downside, Citi Research analysts say in a research report as they cut the stock's rating to sell from buy. Assuming SIA's revenue per available seat kilometer normalizes to 19% above prepandemic levels in FY 2025, this suggests limited upside based on Citi's bull-case estimate. And such high revenue seems unlikely due to the industry's incremental supply resumption, the analysts add. 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They can't even recover their share price back to pre covid level","listText":"More bullshit manipulation from citibank. They can't even recover their share price back to pre covid level","text":"More bullshit manipulation from citibank. They can't even recover their share price back to pre covid level","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199519268831272","repostId":2352777285,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}