Singapore Stock Market News

Singapore Airlines - Bombay dreams

StockFanatic
Publish date: Sat, 21 Sep 2013, 12:21 PM
StockFanatic
0 10,453
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.
SIA and Tata Sons have entered into a joint venture to establish a new full-service carrier in India. While details are yet to be released, we believe that this partnership is designed to combat the Middle Eastern carriers on their own turfs.

For now, we believe that the company is undergoing a long-term de-rating due to competition from the Middle East airlines and low-cost carriers (LCCs). We thus base our CY14 target price of S$10.50 on a trough multiple of 4.2x CY14 EV/EBITDAR. Our target price and estimates are intact, so is our Neutral rating.
Read more »
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment