In today’s briefing:
- Singapore Airlines (SIA SP | BUY | SGD: 8.07): Nov’ 2023 Op Stats, More Reason to Be Bullish
Singapore Airlines (SIA SP | BUY | SGD: 8.07): Nov’ 2023 Op Stats, More Reason to Be Bullish
- Singapore Airlines (SIA SP) (SIA) November operating statistics were good, passenger load factor rose by 1.9ppt YoY to 87.8%, and cargo load factor rose by a similar quantum
- Market observations suggest yields should remain at high levels and cost items such as fuel and USD-denominated items on a favorable downtrend
- If this performance continues, SIA will beat consensus easily. We recommend BUY with a TP of SGD8.07 – pegged to 10x FY24 PE. (+26% UPSIDE)
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
