SINGAPORE (Dec 8): OCBC Investment Research is maintaining its “underweight” rating on Singapore’s aviation stocks on weak performances and rising competition.

The research house is keeping its ratings on SIA (hold; fair value:$11.45), Tigerair (accept the offer), SIA Engineering [hold; $3.70], ST Engineering [buy; $3.22], and SATS (hold; $3.78).

In a Tuesday report, lead analyst Eugene Chua says the outlook for aviation industry remains muted as the region continues to be plagued by overcapacity.

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