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UOB Kay Hian downgrades SIA to 'sell'

Analyst K Ajith cites significant uncertainty over extent of cash burn, lowers target price to S$3.80

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Vivienne Tay

Vivienne Tay

Published Thu, Jun 18, 2020 · 09:50 PM

    Singapore

    UOB Kay Hian has downgraded Singapore Airlines (SIA) to "sell" from "buy" and lowered its target price on the stock to S$3.80 from S$4.35.

    It recommended taking profit on the national carrier.

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