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Brokers' take

Published Tue, Aug 2, 2016 · 09:50 PM

Singapore Airlines | Hold

Target price: S$11.56

Aug 2 close: S$10.61

OCBC Investment Research, Aug 2

LOOKING at the industry environment ahead, we believe cheaper jet fuel alone is unlikely enough to sustain earnings for Singapore Airlines (SIA) mainly due to: 1) industry-wide deteriorating yields, 2) expected increase in expenses with capacity growth in Sc…

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