SINGAPORE (Nov 11): OCBC is keeping its “hold” call on Singapore Airlines with $11.45 fair value.

In a Monday report, lead analyst Eugene Chua says privatising Tigerair will benefit SIA over a longer-term horizon as it gives management flexibility to accelerate the process to unlock synergies within the group to achieve cost savings and maximisation of revenue.

“Within SIA’s portfolio, we believe there are much more in terms of route rationalisation that can be done between Scoot and Tigerair to capture interlining traffic,” says Chua.

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