SIA: reports Sep operating results, in line with airline industry trends. Little change on the passenger side, but cargo segment improved. Overall cargo traffic +9.2%, while capacity +8.6%, raising load factors by +0.3%. Cargo traffic improved for all route regions except East Asia, Europe.
Daiwa, Deutsche both recently rated as Top Pick, with $18.08, $19.90 targets respectively. Tip airline as a laggard play.
StanChart also just gives Outperform, with $18.80 target.
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