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
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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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