Much of SIA’s outperformance comes after its record revenue and earnings for the FY2023 ended March 31.
OCBC Investment Research analyst Ada Lim has increased her fair value estimate on Singapore Airlines (SIA) (SGX:C6L
) to $7.18 from $6.50 previously after the airline’s share price rallied some 20.2% year-to-date (ytd) to close at $6.60 on June 5.
The airline’s current share price levels have already surpassed its pre-pandemic levels and hit fresh 52-week highs, Lim notes.
