SINGAPORE Airlines was revisited by Wall Street analyst Raymond Yap, of CGS-CIMB, who downgraded the stock to a Sell and gave it a S$5.88 (US$4.38) price target, reports New York’s Business Insider. Mr Yap has given his Sell rating due to a combination of factors affecting Singapore Airlines’ (SIA) financial outlook. The 1QFY25 results for SIA showed a decline in passenger and cargo yields, which fell short of CGS-CIMB’s expectations. Despite lower costs per available seat kilometre, this was...
https://www.seanews.com.tr/singapore-airlines-analyst-issues-sell-rating-amid-headwinds/200926/