- Downgrade Singapore Airlines (SIA) from Add to HOLD as SIA's share price has re-rated 16.5% over the past 3 months on optimism over China’s reopening on 8 Jan 2023. Even with strong dividends, remaining upside no longer compelling.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- SIA will release its 3QFY23F results on 21 Feb 2023 (See Earnings Calendar). We recommend investors to lighten their positions on SIA, especially if SIA's share price runs up further in anticipation of strong 3QFY23F (Oct-Dec 2022) results, driven by likely high passenger airline demand and moderation in jet fuel prices.
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
Raymond YAP CFA CGS-CIMB Research | https://www.cgs-cimb.com 2023-01-16
Read also CGS-CIMB's most recent report:
2024-01-09 Singapore Airlines - Upgrade To ADD For Big Returns Over Half Year.Previous report by CGS-CIMB:
2023-11-08 Singapore Airlines - Somewhat Overcast Skies Into 2HFY24.Price targets by 5 other brokers at SIA Target Prices.
Listing of research reports at SIA Analyst Reports.
Relevant links:
SIA Share Price History,
SIA Announcements,
SIA Dividends & Corporate Actions,
SIA News Articles
Singapore Airlines (SIA) - Time To Pocket Share Price Gains
SINGAPORE AIRLINES LTD (SGX:C6L)
