CGS-CIMB Research analyst Raymond Yap has reiterated his “add” call on Singapore Airlines (SIA) in a report on Feb 5, with a lower target price of $4.89 from $4.91 previously.

Yap’s recommendation comes on the back of the airline’s net loss of $142 million for the 3QFY2021 ended December.

The airline’s core net loss of $160 million during the quarter is narrower than the $1 billion and $726 million net losses reported by the airline in 1QFY2021 and 2QFY2021 respectively, which should “please the market”, writes Yap.

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