SINGAPORE (Jan 17): UOB is maintaining its “hold” recommendation on Singapore Airlines (SIA) with a lower target price of $10.20, from $10.40 previously. The research house’s suggested entry level is $9.00.
This came after the group announced its Dec 2018 operating results on Tuesday, which saw overall passenger load factor (PLF) increase by 0.3 percentage points (ppt) to 85%, compared to 84.7% a year ago. SIA also outpaced capacity injection of 6.8% in terms of available seat kilometres.
