Stock Name: SIA
Company Name: SINGAPORE AIRLINES LTD
OCBC Investment Research in a Dec 2 research report says: "The Australian Competition and Consumer Commission gave the final approval to the alliance between Singapore Airlines (SIA) and Virgin Australia (VBA), Australia's number two carrier.
"On top of code-sharing on one another's international and domestic flights under this alliance, SIA and VBA will be able to work together closely on schedule planning so as to provide passengers with seamless flight connections. VBA sees this alliance as a way to capture a larger market share of the lucrative business travel segment from Qantas Airways (QAN), Australia's flag carrier.
"While the alliance with VBA is a positive development for SIA, it is too early to quantify its impact to SIA's bottom line. We maintain our fair value estimate of $10.85. MAINTAIN HOLD."
Company Name: SINGAPORE AIRLINES LTD
| Research House: OCBC | Price Call: HOLD | Target Price: 10.85 |
OCBC Investment Research in a Dec 2 research report says: "The Australian Competition and Consumer Commission gave the final approval to the alliance between Singapore Airlines (SIA) and Virgin Australia (VBA), Australia's number two carrier.
"On top of code-sharing on one another's international and domestic flights under this alliance, SIA and VBA will be able to work together closely on schedule planning so as to provide passengers with seamless flight connections. VBA sees this alliance as a way to capture a larger market share of the lucrative business travel segment from Qantas Airways (QAN), Australia's flag carrier.
"While the alliance with VBA is a positive development for SIA, it is too early to quantify its impact to SIA's bottom line. We maintain our fair value estimate of $10.85. MAINTAIN HOLD."
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