Singapore Airlines (SIA)

Broker's Calls

Brokers’ Digest: OCBC, Centurion, Frasers Property, Aztech Global, Sats, SIA

Here's what the analysts have to say this week.

Zest

SIA to offer over 170,000 discounted tickets in November

SIA’s low-cost subsidiary, Scoot, will also offer exclusive deals on 200,000 one-way tickets to over 50 destinations.
UOB Kay Hian lowers SIA’s target price to $6.44 as August’s operation data disappoints - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian lowers SIA’s target price to $6.44 as August’s operation data disappoints

UOB Kay Hian believes SIA’s profitability has likely peaked and its earnings performance ahead is “due for normalisation”.

Company in the news

Singapore Airlines caters to 13.6 million passengers in July, a 28.1% y-o-y increase in group passenger capacity

SIA and Scoot carried a combined 3 mil passengers, a 45.1% increase y-o-y, while the group’s passenger load factor was 89.8%.

Aviation & Engineering

Cathay unseats Singapore Air as stock winner on travel revival

A jump in buy recommendations in July for Cathay has pushed the ratio of bullish views to the most in more than a decade.
Analysts keep ‘reduce’ and ‘sell’ calls on SIA despite record quarterly performance - THE EDGE SINGAPORE

Broker's Calls

Analysts keep ‘reduce’ and ‘sell’ calls on SIA despite record quarterly performance

Analysts are pleased as Singapore Airlines records its highest quarterly results.
SIA posts record quarterly net profit of $734 million for 1QFY2024, nearly doubling y-o-y - THE EDGE SINGAPORE

Results

SIA posts record quarterly net profit of $734 million for 1QFY2024, nearly doubling y-o-y

Group passenger capacity expanded 32.4% y-o-y as restrictions on international air travel eased globally.
Citi Research downgrades SIA to ‘sell’ following revised forecasts - THE EDGE SINGAPORE

Broker's Calls

Citi Research downgrades SIA to ‘sell’ following revised forecasts

Citi Research downgrades Singapore Airlines (SIA) to “sell” from “buy” following forecast adjustments.

Aviation & Engineering

SIA Group’s PLF reaches monthly record of 90.6% due to ‘robust demand’ during mid-year holidays and summer travel season

At the end of June, the group’s passenger network covered 116 destinations in 36 countries and territories.
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