Singapore Stock Market News
Tiger Airways - Take SIA's offer
StockFanatic
Publish date: Mon, 09 Nov 2015, 03:21 PM
StockFanatic
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■ We advise shareholders to accept SIA's cash offer of S$0.41, as the prospects of Tiger on its own merits are poor, which underlined our previous Reduce call.
■ We upgrade our call to Hold, and raise the target price to the cash offer price, as we believe there is a strong likelihood of the SIA offer succeeding.
■ If necessary, we believe that SIA will raise the offer price, as it cannot afford to delay the execution of its long-term strategic goals.
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