Brokers' take

Singapore Airlines | HOLD

Target price: S$10.10

Dec 21 close: S$9.75

UOB Kay Hian, Dec 16

PARENT Singapore Airlines' (SIA) load factor decline accelerated in the peak season. SIA's passenger loads fell 1.9 percentage points (versus a 1.6 percentage point decline in October 2016) on the back of a decline in passenger traffic. At 76.9 per cent, SIA's loads were the lowest in eight months. With the exception of Tigerair which registered flat loads, passenger load factors declined across all subsidiaries....

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