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Singapore Air put on ‘hold’ on clouded yield outlook

PC Lee
PC Lee8/1/2017 12:33 PM GMT+08  • 2 min read
Singapore Air put on ‘hold’ on clouded yield outlook
SINGAPORE (Aug 1): OCBC Investment Research is maintaining Singapore Airlines at “hold” with $10.10 fair value on absence of clear signs of a recovery in yields on the back of persistently competitive landscape.
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SINGAPORE (Aug 1): OCBC Investment Research is maintaining Singapore Airlines at “hold” with $10.10 fair value on absence of clear signs of a recovery in yields on the back of persistently competitive landscape.

In a Tuesday report, analyst Eugene Chua expects competition to remain intense with Chinese carriers expanding capacity aggressively on the North-Asia and Transpacific routes and from the Gulf carriers’ persistent pressures on the Southwest Pacific routes.

“On the back of a seemingly improving global economic outlook that drives demand in passenger traffic, and coupled with support from premium economy, we are also forecasting a slowdown in decline in SIA’s passenger yields over the next two years,” says Chua.

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