Still, investors are expecting a "potentially strong" final dividend per share (DPS), which "may keep share price elevated for now", says Yap in an April 22 note.
CGS International Research analyst Raymond Yap thinks Singapore Airlines (SGX:C6L) (SIA) could post a weaker set of figures for 4QFY2025 ended March 31, both y-o-y and q-o-q.
In addition, Yap expects SIA to account for a full quarter's share of losses from its 25% equity stake in Air India, acquired in November 2024 through the sale of its 49% stake in Vistara to Air India.

