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UOBKH turns bearish on SIA, recommends 'taking profit'

Broker's Calls

UOBKH turns bearish on SIA, recommends 'taking profit'

Jeffrey Tan Published on Mon, Jun 22, 2020 / 11:17 AM GMT+8

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SINGAPORE (June 22): About a month ago, UOB KayHian (UOBKH) was one of few brokerages that was optimistic about Singapore Airlines’ prospects.

The brokerage believed that the negatives have already been priced in for the flag carrier, which has been hit hard by the cut in capacity.

But it has now changed tack.

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