Home Capital Broker's Calls

Singapore Airlines expected to keep competitive edge despite higher oil prices

Samantha Chiew
Samantha Chiew5/18/2018 12:46 PM GMT+08  • 4 min read
Singapore Airlines expected to keep competitive edge despite higher oil prices
SINGAPORE (May 18): CGS-CIMB Securities is maintaining its “add” call on Singapore Airlines (SIA) with a target price of $11.75.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 18): CGS-CIMB Securities is maintaining its “add” call on Singapore Airlines (SIA) with a target price of $11.75.

The airline company yesterday announced that it has reversed out of the red with 4Q18 earnings of $181.8 million, from losses of $138.3 million in 4Q17, as FY18 earnings more than doubled from a year ago to $892.9 million.

4Q17/18 revenue rose 8.2% to $4.02 billion, from $3.71 billion a year ago, on the back of stronger passenger and cargo flown revenue, partially offset by higher expenditure.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now