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Don’t be too heartened by SIA’s fuel hedging move yet, say analysts

Michelle Zhu
Michelle Zhu2/9/2017 03:00 PM GMT+08  • 2 min read
Don’t be too heartened by SIA’s fuel hedging move yet, say analysts
SINGAPORE (Feb 9): UOB Kay Hian maintains its “hold” rating in Singapore Airlines (SIA) while raising its target price on the stock to $10.40 from $10.10 previously, following the release of the carrier’s 3Q17 results.
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SINGAPORE (Feb 9): UOB Kay Hian maintains its “hold” rating in Singapore Airlines (SIA) while raising its target price on the stock to $10.40 from $10.10 previously, following the release of the carrier’s 3Q17 results.

The suggested entry price is $9.60 based on a 10% total return, inclusive of dividends.

(See also: Singapore Airlines 3Q earnings fall 36% to $177.2 mil)

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