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SIA's yields likely to remain weak, while cargo still expected to be key earnings driver in 2QFY22: UOB Kay Hian

Felicia Tan
Felicia Tan9/22/2021 7:15 PM GMT+08  • 3 min read
SIA's yields likely to remain weak, while cargo still expected to be key earnings driver in 2QFY22: UOB Kay Hian
UOB Kay Hian analyst K Ajith has maintained his “hold” call on SIA with an unchanged target price of $4.85.
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UOB Kay Hian analyst K Ajith has maintained his “hold” call on Singapore Airlines (SIA) with an unchanged target price of $4.85.

His target price indicates a valuation of an average book value of 1.15 times for FY2022 and FY2023.

The valuation factors in a recovery in aviation traffic, writes Ajith in a Sept 22 report.

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