CGS-CIMB Research has kept its “add” rating for the stock with an incrementally higher target price of $4.90 from $4.89 previously.
Despite the long recovery in air travel, analysts have maintained their optimism for Singapore Airlines (SIA).
This comes after the national flag carrier announced that it was successful in deferring the delivery of new aircraft worth $4 billion and released weak 3QFY2021 results ended Dec 31.
