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Analysts recommend ‘buy’ on SIA Engineering amid recovery in flight traffic

Lim Hui Jie
Lim Hui Jie • 4 min read
Analysts recommend ‘buy’ on SIA Engineering amid recovery in flight traffic
DBS and CGS-CIMB have lifted their target prices, but UOB has cut theirs. Photo: Bloomberg
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Analysts from three brokerages have handed a “buy” call on SIA Engineering Company (SIAEC) amid the recovery in global travelling.

Among the brokerages, DBS Group Research and CGS-CIMB Research have raised their target prices. UOB Kay Hian, while it has kept its “buy” call, has cut its target price on the stock.

DBS has raised its target price from $2.65 to $2.80, with CGS-CIMB slightly lifted their target price to $2.44 from $2.42. UOB, on the other hand, has reduced its target price from $2.70 to 2.60.

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