Singapore Stock Market News

Singapore Airlines - Better outlook ahead

StockFanatic
Publish date: Fri, 15 May 2015, 01:55 PM
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â–  FY15 net profit of S$368m (+2% y-o-y) below expectations due to larger than expected drag from fuel hedging losses and associate losses

â–  Final DPS of 17Scts declared (full year: 22Scts), representing 70% payout

â–  While FY16/17F earnings are cut by 23%/13%, SIA's recovery is still projected to be strong as fuel cost savings kick-in

â–  Maintain BUY, S$12.80 TP
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