Citi Research analyst Kaseedit Choonnawat has maintained his “neutral” call on SIA while lowering his target price (TP) to $5.19 from $5.79 previously.
Analysts from Citi Research and CGS-CIMB Research are mixed in their outlook on Singapore Airlines (SIA) after the airline announced that it will redeem the whole of the first tranche of its mandatory convertible bonds (MCBs) on Oct 25.
The redemption amount will total $3.86 billion, which is the sum at 110.408% of the principal amount of $3.5 billion. It will take place on Dec 8.
