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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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Report also noted that unless SIA defers some of its aircraft deliveries, it will likely require further funding in fiscal 2022.

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.

SIA shares closed at S$4.07 on Thursday, down S$0.06 or 1.5 per cent....

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