Singapore Stock Market News

Tiger Airways - Business first, airline second

StockFanatic
Publish date: Fri, 05 Apr 2013, 12:22 PM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
We made a house call on Tiger last week. We like Group CEO Koay Peng Yen's focus on long-term shareholder value. Expect a gradual breakaway from a dogmatic low-cost approach to a more return-focussed model. We think that Tiger is in good hands.

Having said that, we maintain our Underperform call in light of continued near-term cash burn from associate losses. Our SOP-based target price of S$0.63, pegged to 13.5x CY14 P/E or the LCC industry's 5-year historical forward average, also includes proceeds from its planned Tiger Australia stake sale.
Read more »
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment