Friday, May 27, 2016

SIA

SIA: CLSA initiate coverage with Outperform rating and Tp of $11.8
-Rising competition from Gulf carriers
-SIA needs to cut back on overly lavish offerings to lower cost base and compete
-Scoot, long-haul no -frills subsidiary, well-positioned to help
-Positive earnings outlook; low fuel prices, improving hedging profile, better prospects across subsidiaries

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