Singapore Airlines Likely Facing Increased Competition -- Market Talk

Dow Jones

2024-09-19

0515 GMT - Singapore Airlines is likely facing increased competition from peers, UOB Kay Hian analyst Roy Chen says in a research report. SIA's passenger load factor stayed below prepandemic levels in August for the second straight month and was weaker than the brokerage expected, the analyst notes. Hence, SIA's passenger yield, the company's most important earnings driver, is expected to remain under pressure in the medium term, the analyst adds. However, the brokerage lifts its FY 2025 earnings forecast for SIA by 13% to reflect the recent decline in jet-fuel prices. It also raises the target price to S$5.83 from S$5.71 while maintaining the stock's sell rating. Shares are unchanged at S$6.60. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

September 19, 2024 01:15 ET (05:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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SIA's passenger load factor stayed below prepandemic levels in August for the second straight month and was weaker than the brokerage expected, the analyst notes. Hence, SIA's passenger yield, the company's most important earnings driver, is expected to remain under pressure in the medium term, the analyst adds. However, the brokerage lifts its FY 2025 earnings forecast for SIA by 13% to reflect the recent decline in jet-fuel prices. It also raises the target price to S$5.83 from S$5.71 while maintaining the stock's sell rating. Shares are unchanged at S$6.60. 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SIA's passenger load factor stayed below prepandemic levels in August for the second straight month and was weaker than the brokerage expected, the analyst notes. Hence, SIA's passenger yield, the company's most important earnings driver, is expected to remain under pressure in the medium term, the analyst adds. However, the brokerage lifts its FY 2025 earnings forecast for SIA by 13% to reflect the recent decline in jet-fuel prices. It also raises the target price to S$5.83 from S$5.71 while maintaining the stock's sell rating. Shares are unchanged at S$6.60. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 19, 2024 01:15 ET (05:15 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999013486.USD","symbol_name":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2468451434","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468451434","pubTimestamp":1726722900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0515 GMT - Singapore Airlines is likely facing increased competition from peers, UOB Kay Hian analyst Roy Chen says in a research report. SIA's passenger load factor stayed below prepandemic levels in August for the second straight month and was weaker than the brokerage expected, the analyst notes. Hence, SIA's passenger yield, the company's most important earnings driver, is expected to remain under pressure in the medium term, the analyst adds. However, the brokerage lifts its FY 2025 earnings forecast for SIA by 13% to reflect the recent decline in jet-fuel prices. It also raises the target price to S$5.83 from S$5.71 while maintaining the stock's sell rating. Shares are unchanged at S$6.60. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999013478.USD":"利安新加坡股息基金","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","BK4008":"航空公司","BK6519":"运输股","C6L.SI":"新加坡航空公司","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","BK6523":"ESG概念","BK6003":"航空公司","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999001127.SGD":"United Singapore Growth Fund SGD","SINGY":"Singapore Airlines Ltd."},"translate_title":"新加坡航空可能面临更激烈的竞争——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C6L.SI":1,"SINGY":0.9},"content_text":"0515 GMT - Singapore Airlines is likely facing increased competition from peers, UOB Kay Hian analyst Roy Chen says in a research report. SIA's passenger load factor stayed below prepandemic levels in August for the second straight month and was weaker than the brokerage expected, the analyst notes. Hence, SIA's passenger yield, the company's most important earnings driver, is expected to remain under pressure in the medium term, the analyst adds. However, the brokerage lifts its FY 2025 earnings forecast for SIA by 13% to reflect the recent decline in jet-fuel prices. It also raises the target price to S$5.83 from S$5.71 while maintaining the stock's sell rating. Shares are unchanged at S$6.60. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 19, 2024 01:15 ET (05:15 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0}}}