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SIA shares an 'opportunity' to accumulate now: CGS-CIMB

Broker's Calls

SIA shares an 'opportunity' to accumulate now: CGS-CIMB

Jeffrey Tan Published on Mon, May 18, 2020 / 12:29 PM GMT+8

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SINGAPORE (May 18): Shares of Singapore Airlines (SIA) are now an opportunity to accumulate, according to CGS-CIMB Research.

This comes following the national flag carrier’s first ever annual loss of $732.4 million in FY20 ended March 31.

The brokerage made its recommendation in view that much of the negative news have already been priced in.

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