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Home / Capital / Brokers Calls

Analysts still bullish on SIA after capex deferment, weak 3Q results

Broker's Calls

Analysts still bullish on SIA after capex deferment, weak 3Q results

Jeffrey Tan Published on Wed, Feb 10, 2021 / 11:33 AM GMT+8

Despite the long recovery in air travel, analysts have maintained their optimism for Singapore Airlines (SIA).

This comes after the national flag carrier announced that it was successful in deferring the delivery of new aircraft worth $4 billion and released weak 3QFY2021 results ended Dec 31.

CGS-CIMB Research has kept its “add” rating for the stock with an incrementally higher target price of $4.90 from $4.89 previously.