SIA - SIA raised to Buy by Goldman Sachs with $18.00 target

Stock Name: SIA
Company Name: SINGAPORE AIRLINES LTD
Research House: Golman Sachs

Goldman Sachs upgrades Singapore Airlines (C6L.SG) to Buy from Neutral, citing attractive valuations, improving yields, says Dow Jones.



“SIA is more leveraged to a potential improvement in premium air travel than its peers. We expect premium yields to accelerate in 2H10,” says Goldman Sachs.



Expects every 1% rise in premium yields to boost EPS by 2.7%. Notes stock trades at 1.4x 2010 P/B, 19% discount to sector average. Keeps target price at $18.00. Shares +0.4% at $15.82.