The analyst notes since Aug 5, SIA’s share price has retraced 10.8%, after correcting close to 15% ex-dividend in its post-1QFY2025 ended June business update.
OCBC Investment Research’s Ada Lim has downgraded her call on Singapore Airlines (SGX:C6L
) (SIA) from “buy” to “hold” at an unchanged fair value of $6.84.
“We think that SIA is nearing the end of the runway for exceptionalism, given that passenger yields are likely to have peaked and are on a moderating trajectory as other airlines progressively return capacity to the market, especially in the region,” writes Lim in her Sept 18 report.
