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SIA kept at ‘hold’ by UOB even as pax load factors improve across the board

Samantha Chiew
Samantha Chiew7/18/2017 12:20 PM GMT+08  • 2 min read
SIA kept at ‘hold’ by UOB even as pax load factors improve across the board
SINGAPORE (July 18): UOB KayHian is maintaining its “hold” call on Singapore Airlines (SIA) with a target price of $10.00 on higher passenger load factors (PLF) in June.
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SINGAPORE (July 18): UOB KayHian is maintaining its “hold” call on Singapore Airlines (SIA) with a target price of $10.00 on higher passenger load factors (PLF) in June.

The group’s PLF increased 4.6 ppt to 82.7% in June, due to higher passenger carriage registered for all regions, especially on the Kangaroo routes.

The restructuring in Americas network as well as higher passenger volumes across routes to West Asia and Africa, also contributed to the increased PLFs in the respective regions.

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