Stock Name: SIA
Company Name: SINGAPORE AIRLINES LTD
Research House: UOB KayHian
The house maintains its Buy rating with an unchanged target of $15.90. “At this level, the stock offers a yield of 6.3% (with an estimated dividend payout of $0.90), the highest in 3 years,” UOB says.
Company Name: SINGAPORE AIRLINES LTD
Research House: UOB KayHian
The recent fall in Singapore Airlines’ (C6L.SG) stock prices presents a rare buying opportunity as the stock offers an attractive dividend yield, UOB KayHian says.
The house maintains its Buy rating with an unchanged target of $15.90. “At this level, the stock offers a yield of 6.3% (with an estimated dividend payout of $0.90), the highest in 3 years,” UOB says.
Singapore Airlines has previously shown it can grow its net profit despite weak traffic growth, the house says, adding the carrier is also less vulnerable to rising fuel prices compared to other airlines. The stock is down 1.7% at $14.10.
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