Singapore Airlines downgraded to 'hold' by Maybank Kim Eng

Stock Name: SIA
Company Name: SINGAPORE AIRLINES LTD

Research House: Maybank Kim Eng

Price Call: HOLD

Target Price: 12.00

SINGAPORE (May 12): Maybank Kim Eng has downgraded Singapore Airlines to "hold" from "buy", citing limited upside to its $12.00 price target.

Maybank Kim Eng has left intact its earnings estimates, pending the carrier's fourth-quarter and full-year results due on May 14.

SIA's results for the quarter ended March 31 will be "interesting" for several reasons, according to Maybank Kim Eng analyst Mohshin Aziz.

First, the results will provide an insight into current yields for long-haul flights.