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Singapore Airlines target price cut amid shocking earnings miss

Jude Chan
Jude Chan5/19/2017 1:40 PM GMT+08  • 3 min read
Singapore Airlines target price cut amid shocking earnings miss
SINGAPORE (May 19): UOB Kay Hian is cutting its target price for Singapore Airlines to $10.10, from $10.40 previously, after the flagship carrier posted a shocking earnings miss with its first fourth-quarter loss in three years.
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SINGAPORE (May 19): UOB Kay Hian is cutting its target price for Singapore Airlines to $10.10, from $10.40 previously, after the flagship carrier posted a shocking earnings miss with its first fourth-quarter loss in three years.

“SIA surprised with a loss of $138 million versus our expectation of an $8 million profit as the parent airline swung to a loss,” says UOB lead analyst K Ajith in a Friday report.

Ajith is keeping a “hold” call on SIA, but warns that its stock price is expected to react negatively to the earnings miss.

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