Singapore Airlines Set to Benefit From Easing of Border Restrictions -- Market Talk

Dow Jones2022-05-24

0352 GMT - Singapore Airlines is poised to benefit from Singapore's recent easing of border restrictions, which have unlocked substantial pent-up demand for air travel, says UOB Kay Hian's analyst Roy Chen in a research report. The immediate boost in demand for tickets has outpaced the near-term ramp-up in seat supply, resulting in higher ticket prices than pre-pandemic days, the analyst notes. According to management, SIA's seats are well-booked over next few months until August, says the brokerage, which lifts its FY 2023 net-profit estimate for SIA to S$1.35 billion from S$420 million previously. UOB KH also raises the stock's target price to S$4.88 from S$4.85 with an unchanged hold rating. The shares are 0.55% higher at S$5.51. (ronnie.harui@wsj.com)

$(END)$ Dow Jones Newswires

May 23, 2022 23:52 ET (03:52 GMT)

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天顶赵拥军
2022-08-17
天顶赵拥军
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2022-05-27
Polly是只猫猫猫猫猫
‌$ESG概念(BK6523)$‌good

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(ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  May 23, 2022 23:52 ET (03:52 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Airlines Set to Benefit From Easing of Border Restrictions -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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