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Singapore Air kept at 'add' by CIMB on strong airfreight and Scoot demand in 3Q

PC Lee
PC Lee2/14/2018 03:48 PM GMT+08  • 2 min read
Singapore Air kept at 'add' by CIMB on strong airfreight and Scoot demand in 3Q
SINGAPORE (Feb 14): CIMB says the biggest takeaways from Singapore Airlines' 3Q18 results were that SIA Cargo’s profits were the highest in 10 years while Scoot’s profit growth was the highest in five.
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SINGAPORE (Feb 14): CIMB says the biggest takeaways from Singapore Airlines' 3Q18 results were that SIA Cargo’s profits were the highest in 10 years while Scoot’s profit growth was the highest in five.

"If there is one aspect to celebrate, it would be Scoot’s strong performance," says CIMB analyst Raymond Yap in a Wednesday report.

Scoot's 3Q18 EBIT rose almost 50% y-o-y, which was even more surprising given lacklustre 1H performance when EBIT fell.

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