2018-09-18
K Ajith
Singapore Airlines (SIA) - Virgin Australia's Exceptional Loss & A 40% YTD Rise In Jet Fuel In 2QFY19 Do Bode Well For Quarterly Earnings
UOB Kay Hian
SGX Listed Stock
SINGAPORE AIRLINES LTD (SGX:C6L)
SINGAPORE AIRLINES LTD (C6L.SI) Analyst Reports
2018-09-10
K Ajith
Aviation – Singapore - New Competitor For STE; SATS Is Now Our Top Pick In The Sector
UOB Kay Hian
2018-09-06
Kee Yan YEO [CMT] | Janice CHUA
Stock Strategy Singapore - Will The US$200bn T-Bomb Drop?
DBS Research
2018-07-31
K Ajith
Singapore Airlines - Analyst Briefing Takeaways ~ Stalled By Fuel Cost Escalation
UOB Kay Hian
2018-07-27
Raymond YAP [CFA]
Singapore Airlines - Respectable Performance Despite Challenges
CGS-CIMB
2018-07-27
Eugene Chua
Singapore Airlines - Fuel Prices Are Flying
OCBC Investment
2018-07-27
Mohshin Aziz
Singapore Airlines (SIA) - The Unending Yield Decline; Downgrade To SELL
Maybank Kim Eng
2018-07-27
K Ajith
Singapore Airlines (SIA) - 1QFY19 Beats Expectations But Declining Pax Yields A Concern
UOB Kay Hian
2018-07-27
Paul YONG [CFA]
Singapore Airlines (SIA) - Yield Decline In 1Q A Surprise
DBS Research
2018-07-20
Mohshin Aziz
Singapore Airlines (SIA) - Yield Recovery At Hand
Maybank Kim Eng
2018-07-18
K Ajith
Singapore Airlines - 1QFY19 Results Preview ~ Core Earnings To Rise 11% Yoy Despite A 42% Yoy Rise In Fuel Prices
UOB Kay Hian
2018-06-22
Eugene Chua
Singapore Airlines (SIA) - Getting Tougher To Fill The Spaces
OCBC Investment
2018-06-19
K Ajith
Singapore Airlines (SIA) - Lowering Earnings Forecast & Target Price On Concerns Over Cargo Profitability
UOB Kay Hian
2018-06-11
K Ajith
Aviation Stocks – Singapore - Higher Costs For Passengers Departing From Changi Could Reduce Profitability For Airlines
UOB Kay Hian
2018-06-04
Kee Yan YEO [CMT] | Janice CHUA
Singapore Stock Monthly Market Strategy (June 2018) - 5 STI Component Stocks To Accumulate In June
DBS Research
2018-05-21
Eugene Chua
Singapore Airlines - Encouraging Yield Trends In FY18
OCBC Investment
2018-05-21
K Ajith
Singapore Airlines (SIA) - Analyst Briefing Takeaways ~ A More Optimistic Management; Earnings Could Hit S$1b In FY19
UOB Kay Hian
2018-05-18
Raymond YAP [CFA]
Singapore Airlines - First SIA Mainline Yield Increase In 3 Years
CIMB Research
2018-05-18
Paul YONG [CFA]
Singapore Airlines (SIA) - Yields Have Started To Turn
DBS Research
2018-05-18
K Ajith
Singapore Airlines (SIA) - 4QFY18 Earnings Trounce Estimates Core Net Profit Recovers From S$6m Loss In 4QFY17
UOB Kay Hian
2018-05-07
K Ajith
Singapore Airlines (SIA SP) - 4QFY18 Results Preview ~ Likely To Surprise On The Upside
UOB Kay Hian
2018-03-09
K Ajith
Aviation – Singapore - SIA And SATS Moving Up The Value Chain Via E-Commerce JV With DFAAS
UOB Kay Hian
2018-02-21
Raymond YAP [CFA]
Singapore Airlines - Higher Oil Prices Improve SIA’s Competitive Position
CIMB Research
2018-02-15
Eugene Chua
Singapore Airlines - Less Turbulent Journey Ahead
OCBC Investment
2018-02-15
K Ajith
Singapore Airlines (SIA SP) - Analyst Briefing Takeaways ~ SIA Is Now More Sanguine On Yields
UOB Kay Hian
2018-02-14
Mohshin Aziz
Singapore Airlines (SIA SP) - 3QFY18 Exceeds Expectations
Maybank Kim Eng
2018-02-14
K Ajith
Singapore Airlines (SIA SP) - 3QFY18 62% Rise In Net Profit Is No Small Feat And Earnings Are Above Street’s Full Year Estimates By 20%
UOB Kay Hian
2018-02-14
Paul YONG [CFA]
Singapore Airlines (SIA) - Fuller Planes, Better Profits
DBS Research
2018-02-13
Raymond YAP [CFA]
Singapore Airlines - Strong 3QFY18 Performance As Expected
CIMB Research
2018-02-08
Mohshin Aziz
Singapore Airlines (SIA SP) - 3QFY18F Looking Positive, But Upside Capped
Maybank Kim Eng
2018-02-02
Singapore Research
Singapore Stock Alpha Picks - Strong Start To 2018; Reflation And Cyclical Recovery Plays Stand Out
UOB Kay Hian
2018-01-31
K Ajith
Singapore Airlines (SIA SP) - 3QFY18 Results Preview ~ Expect Core Earnings To Rise 27% Yoy
UOB Kay Hian
2018-01-30
Paul YONG [CFA]
Singapore Airlines - Yields Need To Catch Up
DBS Research
2018-01-22
Raymond YAP [CFA]
Singapore Airlines - Structural Reforms Accelerate; Cyclical Tailwinds Help
CIMB Research
2018-01-16
K Ajith
Singapore Airlines (SIA SP) - Load Factors Continue To Improve Across All Sectors In Dec 17
UOB Kay Hian
2018-01-04
Singapore Research
Singapore Stock Alpha Picks - Kicking Off In 2018
UOB Kay Hian
2018-01-03
K Ajith
Singapore Airlines (SIA SP) - Upgrade To BUY On Expected Pax Yield And Cargo Recovery
UOB Kay Hian
2017-11-09
Paul YONG [CFA]
Singapore Airlines - Weak Yields Remain The Key Concern
DBS Research
2017-11-09
Eugene Chua
Singapore Airlines - Parent Airline And Cargo Lift Earnings
OCBC Investment
2017-11-09
Mohshin Aziz
Singapore Airlines (SIA SP) - 2Q18 Results Respectable, But Valuations Lofty
Maybank Kim Eng
2017-11-09
K Ajith
Singapore Airlines (SIA SP) - Analyst Briefing Takeaways ~ Cargo Recovery Intact, 3QFY18 Should See Further Improvement
UOB Kay Hian
2017-11-08
Raymond YAP [CFA]
Singapore Airlines - Favourable Cyclical Winds Lift SIA Group Earnings
CIMB Research
2017-10-27
K Ajith
Aviation – Singapore - Expect A Strong Quarter For SIA, STE And SATS, Upgrade STE To BUY.
UOB Kay Hian
2017-09-19
K Ajith
Singapore Airlines (SIA SP) - August’s Load Factor Continues To Improve, But At The Slowest Pace Since April
UOB Kay Hian
2017-09-05
Eugene Chua
Singapore Airlines - Headwinds Getting Stronger
OCBC Investment
2017-08-14
Raymond YAP [CFA]
Singapore Airlines - Cyclical Uptick Temporarily Masks Structural Challenges
CIMB Research
2017-08-01
Eugene Chua
Singapore Airlines - No Concrete Signs Of Clear Skies Yet
OCBC Investment
2017-08-01
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - Analyst Briefing Takeaways ~ Recovery In Pax Yields Remains Uncertain
UOB Kay Hian
2017-07-28
Mohshin Aziz
Singapore Airlines (SIA SP) - 1Q18 Flew Above Expectations
Maybank Kim Eng
2017-07-28
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - 1QFY18: Pace Of Pax Yield Decline Narrows But Sustainability In Question
UOB Kay Hian
2017-07-28
Raymond YAP [CFA]
Singapore Airlines - 1QFY18 Cargo Recovery Drives Yoy Improvement
CIMB Research
2017-07-26
Mohshin Aziz
Singapore Airlines (SIA SP) - Yield Headwinds Will Lower 1Q18 Profit
Maybank Kim Eng
2017-07-03
Singapore Research
UOBKH Alpha Picks - Adding In A New Conviction Pick
UOB Kay Hian
2017-06-23
Eugene Chua
Singapore Airlines - Integrating LCC Operations
OCBC Investment
2017-06-21
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - Operating Environment Unlikely To Improve Amid Excess Capacity And Terror Attacks
UOB Kay Hian
2017-06-05
Singapore Research
Singapore Stocks Alpha Picks - Adjustment Amid Toppish Valuations
UOB Kay Hian
2017-05-30
Singapore Research
Transport Sector 2H17 - Underweight From Neutral
CIMB Research
2017-05-22
Paul YONG [CFA]
Singapore Airlines - Persistent Headwinds
DBS Research
2017-05-22
Eugene Chua
Singapore Airlines - Spending To Renew Its Youth
OCBC Investment
2017-05-22
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - Analyst Briefing Takeaways ~ Will Transformation Plan Be A Panacea?
UOB Kay Hian
2017-05-19
Raymond YAP [CFA]
Singapore Airlines - Facing Risk From Higher Oil Prices
CIMB Research
2017-05-19
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - 4QFY17 Shock Earnings Miss Amid Yields And Cost Mismatch
UOB Kay Hian
2017-05-05
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - 4QFY17 Results Preview ~ Core Net Profit To Rise 25% yoy
UOB Kay Hian
2017-04-18
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - Surprises With The Highest March Load Factor To Europe In Seven Years
UOB Kay Hian
2017-04-05
K Ajith | Sophie Leong
Aviation – Singapore - Decline In Flight Movements Suggests Varying Fortunes For Airlines And Ground Handlers
UOB Kay Hian
2017-03-27
Eugene Chua
Singapore Airlines - Strong load factors in February
OCBC Investment
2017-03-17
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - Strong Pax Loads Hold Scope For A Better 4QFY17
UOB Kay Hian
2017-03-08
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - Lower Downside Risk; Newsflow Could Aid Upward Momentum
UOB Kay Hian
2017-02-09
Raymond YAP [CFA]
Singapore Airlines - Tempering the optimism generated by the 3Q results
CIMB Research
2017-02-09
Eugene Chua
Singapore Airlines - 3QFY17 lifted by cheaper fuel
OCBC Investment
2017-02-09
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - 3QFY17 Analyst Briefing Takeaways ~ Too Early For Optimism
UOB Kay Hian
2017-02-08
Raymond YAP [CFA]
Singapore Airlines - Cargo gives quarterly earnings a big lift
CIMB Research
2017-02-08
Paul YONG [CFA]
Singapore Airlines - Core earnings in line
DBS Research
2017-02-08
Mohshin Aziz
Singapore Airlines (SIA SP) - 3QFY17 disappoints
Maybank Kim Eng
2017-02-08
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - 3QFY17 A Good Quarter As SIA Benefits From Surge In Cargo Profits
UOB Kay Hian
2017-01-31
K Ajith | Sophie Leong
Aviation – Singapore - 3QFY17 Results Preview ~ Expect A Lacklustre Quarter
UOB Kay Hian
2017-01-11
K Ajith | Sophie Leong
Singapore Aviation - Forward Capacity Growth Suggests Lacklustre Prospects For SATS And SIAEC
UOB Kay Hian
2016-12-16
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - Pax Loads Continue To Decline In The Traditionally Peak Quarter
UOB Kay Hian
2016-12-05
Raymond YAP [CFA]
Singapore Airlines - Sliding towards another year of modest profits
CIMB Research
2016-11-18
Eugene Chua
Singapore Airlines - Weak October operating results
OCBC Investment
2016-11-16
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - Weak Start To 3QFY17
UOB Kay Hian
2016-11-07
Paul YONG [CFA]
Singapore Airlines - Just holding on
DBS Research
2016-11-07
Eugene Chua
Singapore Airlines - Deteriorating yields overshadowed fuel savings
OCBC Investment
2016-11-07
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - 2QFY17 Analyst Briefing Takeaways: Cloudy Skies Ahead
UOB Kay Hian
2016-11-04
Raymond YAP [CFA]
Singapore Airlines - Sliding towards another year of modest profits
CIMB Research
2016-11-04
Mohshin Aziz
Singapore Airlines (SIA SP) - Warning bells are ringing
Maybank Kim Eng
2016-11-04
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - 2QFY17 Slightly Above Expectations On Lower Cargo Losses
UOB Kay Hian
2016-10-31
Mohshin Aziz
Singapore Airlines (SIA SP) - Long-haul to pinch 2QFY17 earnings
Maybank Kim Eng
2016-10-27
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - 2QFY17 Results Preview ~ Expecting Weak Results
UOB Kay Hian
2016-10-18
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - Weak Performance By SIA And Scoot Likely To Affect 2QFY17 Earnings
UOB Kay Hian
2016-09-23
Eugene Chua
Singapore Airlines - Headwinds just got stronger
OCBC Investment
2016-09-16
K Ajith | Sophie Leong
Aviation Singapore - Steep Decline In SIA's Pax Traffic Leads To The Largest Drop In Load Factor
UOB Kay Hian
2016-09-01
Eugene Chua
Singapore Airlines - Travel warnings to Singapore due to Zika
OCBC Investment
2016-08-02
Paul YONG [CFA]
Singapore Airlines - Good start further boosted by one-offs
DBS Research
2016-08-02
Eugene Chua
Singapore Airlines - Bumpy flight ahead
OCBC Investment
2016-08-02
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - Weak Yields Likely to Persist Amid Global Economic Slowdown
UOB Kay Hian
2016-07-29
Mohshin Aziz
Singapore Airlines - 1Q17 was uninspiring
Maybank Kim Eng
2016-07-29
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - 1QFY17: Below Expectations On Steep Cargo And Associate Losses
UOB Kay Hian
2016-07-29
Raymond YAP [CFA]
Singapore Airlines - Core earnings continue to be under pressure
CIMB Research
2016-07-19
K Ajith | Sophie Leong
Singapore Airlines - Earnings Headwinds Amid Recent Attacks In Europe
UOB Kay Hian
2016-06-28
Mohshin Aziz
Singapore Airlines - Flight SQ368 on fire
Maybank Kim Eng
2016-06-20
Eugene Chua
Singapore Airlines - Cheaper fuel still the main earnings driver
OCBC Investment
2016-06-16
K Ajith | Sophie Leong
Singapore Airlines - Lacklustre Operational Performance In May But Removal Of The 5/20 Rule Could Have Long-Term Positive Implications
UOB Kay Hian
2016-06-14
Janice CHUA | YEO Kee Yan | LING Lee Keng
Singapore Strategy - Theme 4 of 4 ~ Survival of the fittest (Cont')
DBS Research
2016-06-14
Janice CHUA | YEO Kee Yan | LING Lee Keng
Singapore Strategy - Theme 1 of 4 ~ Singapore hospitality nearing a bottom
DBS Research
2016-06-07
K Ajith | Sophie Leong
Singapore Aviation - Positioning For 2H16
UOB Kay Hian
2016-05-16
Mohshin Aziz
Singapore Airlines - Always on the back foot
Maybank Kim Eng
2016-05-16
Eugene Chua
Singapore Airlines - Cheap Fuel Helps Amid Weak Yields Outlook
OCBC Investment
2016-05-16
K Ajith | Sophie Leong
Singapore Airlines (SIA SP) - Analyst Briefing Takeaways: Uncertainty Over Yield And Capex Funding Will Cap Upside
UOB Kay Hian
2016-05-15
Raymond YAP [CFA]
Singapore Airlines - SIA more attractive after share price drop
CIMB Research
2016-05-13
Raymond YAP [CFA]
Singapore Airlines - Hard for SIA to grow earnings in near term
CIMB Research
2016-05-13
Paul YONG [CFA]
Singapore Airlines - Portfolio strategy paying off
DBS Research
2016-05-13
K Ajith | Sophie Leong
Singapore Airlines SIA - 4QFY16 Below Expectations On Higher Cargo Losses And A Steep Rise In Maintenance Costs
UOB Kay Hian
2016-04-27
K Ajith | Sophie Leong
Singapore Airlines SIA - 4QFY16 Results Preview ~ Expecting Earnings To Rise 603% yoy
UOB Kay Hian
2016-04-20
Mohshin Aziz
Singapore Airlines - 4Q16F looking positive
Maybank Kim Eng
2016-04-19
Paul YONG [CFA]
Singapore Airlines - Room for higher rebound
DBS Research
2016-04-18
K Ajith | Sophie Leong
Singapore Airlines SIA - Improved Load Factors And Low Fuel Costs Pave The Way For Strong 4QFY16 Earnings
UOB Kay Hian
2016-04-11
Eugene Chua
Singapore Airlines - Committed to interest in Virgin Australia
OCBC Investment
2016-04-01
K Ajith | Sophie Leong
Singapore Aviation - Strong Growth In Changi Airport Bodes Well For SATS, SIA And SIA Engineering In 4QFY16
UOB Kay Hian
2016-03-30
Eugene Chua
Singapore Airlines - Collaboration and partnerships the way forward?
OCBC Investment
2016-03-24
Kenneth NG [CFA]
Singapore Strategy - Calibrated Budget keeps focus on long term
CIMB Research
2016-03-18
Eugene Chua
Singapore Airlines - Cheap jet fuel to lift FY17 earnings
OCBC Investment
2016-03-16
K Ajith | Sophie Leong
Singapore Airlines - Ytd Pax Load Factor Rises 3ppt, While Scoot’s Traffic Grows A Whopping 47% In 2M16
UOB Kay Hian
2016-03-04
Eugene Chua
Singapore Airlines - To take full ownership of Tigerair
OCBC Investment
2016-03-02
Kenneth NG [CFA]
Singapore Strategy - 4Q catchphrase ~ impairment
CIMB Research
2016-02-10
Eugene Chua
Singapore Airlines - 3QFY16 above expectations
OCBC Investment
2016-02-10
K Ajith | Sophie Leong
Singapore Airlines SIA - Resilient Front-end Yields And Optimistic On SilkAir And Scoot
UOB Kay Hian
2016-02-05
Raymond YAP [CFA]
Singapore Airlines - Congratulations Scoot, you made it!
CIMB Research
2016-02-05
K Ajith | Sophie Leong
Singapore Airlines SIA - 3QFY16 Surprises With Strong Yields And Incremental Profits From SilkAir And Scoot
UOB Kay Hian
2016-02-01
K Ajith | Sophie Leong
Singapore Airlines SIA - 3QFY16 Results Preview ~ Rise In Headline Profits, Even With Fuel Hedging Losses
UOB Kay Hian
2016-01-18
K Ajith | Sophie Leong
Singapore Airlines SIA - Improved Pax Loads Across Parent SIA And All Subsidiaries
UOB Kay Hian
2016-01-14
K Ajith | Sophie Leong
Singapore Airlines SIA - Fuel Shock? SIA Is The Best Proxy Play; Upgrade To BUY
UOB Kay Hian
2016-01-06
K Ajith | Sophie Leong
Singapore Aviation - Positioning For Things To Come. Focus On SATS And SIA.
UOB Kay Hian
2015-12-16
K Ajith | Sophie Leong
Singapore Airlines SIA - Strong Sequential Improvement In SIA’s And Scoot’s Load Factors
UOB Kay Hian
2015-12-09
Raymond YAP [CFA]
Singapore Airlines - Don’t be too pessimistic
CIMB Research
2015-12-08
Eugene Chua
Aviation Sector - Still flying in turbulent winds
OCBC Investment
2015-11-17
K Ajith | Sophie Leong
Singapore Airlines - Good Start To 3QFY16
UOB Kay Hian
2015-11-12
Eugene Chua
Singapore Airlines - Formed revenue-sharing partnership with Lufthansa
OCBC Investment
2015-11-09
Raymond YAP [CFA]
Singapore Airlines - Risks skewed to the upside
CIMB Research
2015-11-09
Eugene Chua
Singapore Airlines - Pressures on parent airline to stay
OCBC Investment
2015-11-09
K Ajith | Sophie Leong
Singapore Airlines - Takeaways From Analysts’ Briefing
UOB Kay Hian
2015-11-06
Raymond YAP [CFA]
Singapore Airlines - Mainline carrier disappoints
CIMB Research
2015-11-06
K Ajith | Sophie Leong
Singapore Airlines SIA - 2QFY16 ~ Earnings Below Expectations But Scope For Improvement
UOB Kay Hian
2015-10-28
K Ajith | Sophie Leong
Aviation Singapore - Earnings Preview For SIA, SIAEC And SATS
UOB Kay Hian
2015-10-26
Mohshin Aziz
Singapore Airlines - 2QFY16 ~ D/G to HOLD, lacks catalyst
Maybank Kim Eng
2015-10-16
K Ajith | Sophie Leong
Singapore Airlines - Weak September Loads, But Still A Qoq Improvement
UOB Kay Hian
2015-10-14
Eugene Chua
Singapore Airlines SIA - To re-launch direct flights between Singapore and U.S.
OCBC Research
2015-09-16
K Ajith | Sophie Leong
Singapore Airlines SIA - Broad-based Improvement In SIA And SilkAir Load Factors.
UOB Kay Hian
2015-08-24
Eugene Chua | Eugene Chua
- Aviation Sector: Persistent headwinds
OCBC Investment
2015-08-18
Mohshin Aziz
Maybank Kim Eng 2015-08-18: Singapore Airlines - Singapore Airlines - Selloff overdone, U/G to BUY.
Maybank Kim Eng
2015-08-03
Mohshin Aziz
Maybank Kim Eng 2015-08-03: Singapore Airlines SIA - Singapore Airlines SIA - 1Q16 Results. Reality Check. Maintain HOLD.
Maybank Kim Eng
2015-08-03
UOB Kay Hian 2015-08-03: Singapore Airlines (SIA) - Singapore Airlines (SIA) - Takeaways From Analyst Briefing on 1Q16 Results. Maintain SELL.
UOB Kay Hian
2015-08-02
Raymond YAP, CFA
CIMB Securities 2015-08-02: Singapore Airlines - Singapore Airlines - Lower fuel prices to offer relief. Maintain ADD.
CIMB Securities
2015-07-30
Raymond YAP, CFA
CIMB Research 2015-07-30: Singapore Airlines - Singapore Airlines - Look to 2H16 for better earnings. Maintain ADD.
CIMB Research
2015-07-30
Paul YONG, CFA
DBS Group Research 2015-07-30: Singapore Airlines - Singapore Airlines - Profit boost from unexpected source. Maintain BUY.
DBS Group Research
2015-07-30
Mohshin Aziz
Maybank Kim Eng Research 2015-07-30: Singapore Airlines - Singapore Airlines - No Surprises; Hoping on Fuel. Maintain HOLD.
Maybank Kim Eng Research
2015-07-30
K Ajith
UOB KayHian Research 2015-07-30: Singapore Airlines - Singapore Airlines - Disappointing Earnings As Yields Fall To Multi-year Lows. Downgrade to SELL.
UOB Kay Hian Research
2015-07-16
Maybank Kim Eng Research 2015-07-16: Singapore Airlines - Singapore Airlines - 1QFY16F: Just coasting around. Maintain HOLD.
Maybank Kim Eng Research
2015-07-16
UOB Kay Hian Research 2015-07-16: SIA - SIA - Load Factors Continue To Weaken In June, With Europe Showing The Biggest Decline. Maintain HOLD.
UOB Kay Hian Research
2015-07-01
UOB Kay Hian Research 2015-07-01: Singapore Airlines - Singapore Airlines - Maintain HOLD, lower target price to S$11.60 amid increased competition from Qatar Airways
UOB Kay Hian Research
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