SIA held at 'neutral' with $9.60 price target by Goldman Sachs

Stock Name: SIA
Company Name: SINGAPORE AIRLINES LTD

Research House: Golman Sachs

Price Call: HOLD

Target Price: 9.60

SINGAPORE (Nov 7): Goldman Sachs is maintaining its "neutral" rating on Singapore Airlines with a higher target price of 9.60.

In a report on Nov 7, analysts Hino Lam and Brian Chan say SIA's 2Q results came in below their estimates as a mild recovery in cargo yields was disrupted by weaker than expected passenger yields.

On November 6, SIA reported 2Q15 results. Pre-exceptional net profit came in at $94 million, below Citi's and Bloomberg's consensus estimates of $201 million and $143 million, respectively.