- SIA’s earnings are set to moderate in FY25-26 but should stay at decent levels above pre-pandemic levels, based on our projection. SIA has underutilised balance sheet strength, which gives it scope for raising its dividend payout ratio.
- - Read this at SGinvestors.io -
1QFY25 results deemed a slight miss
- Singapore Airlines (SIA, SGX:C6L)’s headline net profit of S$452m (-38.5% y-o-y, -21.4% q-o-q) fell within but stood at the lower part of our previously guided range of S$390m-550m. Core net profit of S$411m (-24.6% y-o-y, -6.9% q-o-q) was below our expectations, at 21.7% of our forecast.
- - Read this at SGinvestors.io -
Lower-than-expected pax and cargo yields.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Roy Chen CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-08-02
Read also UOB's most recent report:
2024-11-12 Singapore Airlines (SIA) - 1HFY25 Earnings Miss Expectations On Slightly Higher-than-expected Costs.
Previous report by UOB:
2024-09-17 Singapore Airlines (SIA) - Weaker-Than-Expected Pax Load Factor A Sign Of Increased Competition.
Price targets by 4 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
