More bullshit manipulation from citibank. They can't even recover their share price back to pre covid level

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

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

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