Singapore Stock Market News
Tiger Airways - Unveils regional alliance strategy
StockFanatic
Publish date: Tue, 17 Dec 2013, 01:37 PM
StockFanatic
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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.
● Tigerair said that it is also looking to further align its commercial and network operations with Scoot to increase synergies. This is subject to an anti-trust review in Singapore.
● Tigerair announced that it has also formed a JV with China Airlines called Tigerair Taiwan (TRT). However, the near-term impact is minimal given Tigerair's 10% stake in TRT.
● These initiatives are potentially positive for Tigerair, but have a long gestation period. We do not expect these to significantly impact its near-term profitability. Thus there is no change to our earnings forecasts and target price for Tigerair. We maintain our UNDERPERFORM rating on the stock.
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