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Higher 4Q core net profit expected for SIA: UOB KayHian

Ko Ding Wei Published on Fri, May 05, 2017 / 12:01 PM GMT+8

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SINGAPORE (May 5): Singapore Airlines will release its 4Q17 on May 18.

In a Friday preview report, UOB KayHian analyst K Ajith expects SIA to meet consensus earnings, at least on the operating level, with 4Q17 core net profit rising 25% on year due to higher pax loads and improving cargo profitability.

At the group level, Ajith foresees higher operating profit growth due to higher profits at parent airline and improving cargo profitability. At the non-operating level, Ajith has imputed $112 million in provisions for cargo fines, which SIA has announced, and $31 million in impairment of TigerAir brand.