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.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook