0846 GMT - Singapore Airlines' passenger yields are likely on a moderating trajectory, says Ada Lim, equity analyst at OCBC Investment Research. Other airlines are progressively adding capacity as they recover from the pandemic, and SIA's management has said the intensifying competition is pressuring its full-service carrier's segment performance, Lim writes in a note. Margins could also come under pressure amid higher handling and passenger costs due to inflationary cost pressures, Lim says. Changi Airport's higher airlines fees will likely hurt margins further, Lim adds. OCBC retains a hold rating on the stock but trims its fair-value estimate to S$6.30 from S$6.84. Shares are 2.5% lower at S$6.29. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
November 11, 2024 03:46 ET (08:46 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。