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SIA's 2Q results offer investors cold comfort

Broker's Calls

SIA's 2Q results offer investors cold comfort

Benjamin Cher Published on Fri, Nov 04, 2016 / 12:06 PM GMT+8

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SINGAPORE (Nov 4): The caution lights are flashing for SIA as Maybank Kim Eng and CIMB maintain a “hold” call with target prices of $9.70 and $10.47 respectively.

(See also: SIA’s 2Q earnings fall 70% to $65 mil on weak operating numbers)

SIA’s recent results came in below the expectations of both research houses where CIMB analyst Raymond Yap notes that earnings have weakened across the board, except for Scoot and Tigerair.

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