Singapore Stock Market News

Tiger Airways Holdings - Turnaround hopes fading

StockFanatic
Publish date: Fri, 24 Jan 2014, 01:06 PM
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• Disappointing core loss of S$30m in 3QFY14; exceptional losses compound poor operating performance

• Weak load factors and sub-par yields may continue to impact Tigerair Singapore amid heightened competition

• Associates continue to bleed; may be a while before recent strategic initiatives make a difference

Lack of positive catalysts; maintain FULLY VALUED with lower TP of S$0.44
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