Stock Name: SIA
Company Name: SINGAPORE AIRLINES LTD
Stock Name: SIA
Company Name: SINGAPORE AIRLINES LTD
SIA said on Thursday it faced significant challenges as soaring jet fuel prices slashed first-quarter profit by a worse-than-expected 82% from a year ago and economic uncertainties plagued key markets.
Company Name: SINGAPORE AIRLINES LTD
| Research House: Credit Suisse | Price Call: HOLD | Target Price: 14.40 |
Stock Name: SIA
Company Name: SINGAPORE AIRLINES LTD
| Research House: Deutsche Bank | Price Call: HOLD | Target Price: 13.20 |
Shares of Singapore Airlines (SIA) (SIAL.SI), the world’s second-largest airline by market value, fell as much as 3.9% on Friday after it reported a worse-than-expected quarterly profit, prompting analysts to slash their ratings on the firm.
At 8:03 a.m., SIA shares were 3.5% lower at $14.19 with more than 2.3 million shares changing hands. This was 1.3 times its average daily volume in the last five sessions.
At 8:03 a.m., SIA shares were 3.5% lower at $14.19 with more than 2.3 million shares changing hands. This was 1.3 times its average daily volume in the last five sessions.
SIA said on Thursday it faced significant challenges as soaring jet fuel prices slashed first-quarter profit by a worse-than-expected 82% from a year ago and economic uncertainties plagued key markets.
Several analysts cut their target prices and recommendations on the airline.
Credit Suisse downgraded its recommendation on the stock to “neutral” from “overweight” with a lower target price of $14.40 compared to $15.90, while Deutsche Bank cut to “hold” from “buy” and reduce the target price to $13.20 from $16.90.
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