SIA in for another challenging quarter
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SOFTER operating figures in October for Singapore Airlines (SIA) seem to hint that the financial third quarter ending Dec 31, 2016, could miss expectations, following a disappointing second quarter.
Some analysts have flagged that the numbers don't bode well for the third quarter, even though the three- month period is typically boosted by the year-end holidays.
"Q3 is traditionally peak period and the street expects earnings to improve in 2HFY17," said UOB Kay Hian analysts K Ajith and Sophie Leong in a report, suggesting an entry price of S$8.90 for the stock and a target price of S$10.10. "The weak October numbers do not add to confidence."
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
