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DBS Remains a Hold on SIA – Singapore Airlines (SINGF)

Tipranks - Tipranks - Wed Oct 7, 2:52AM CDT

In a report released yesterday, Jason Sum from DBS maintained a Hold rating on SIA – Singapore Airlines, with a price target of S$7.00. The company’s shares closed last Thursday at S$6.66.

According to TipRanks, Sum is a 5-star analyst with an average return of 16.8% and a 67.65% success rate. Sum covers the Industrials sector, focusing on stocks such as BOC Aviation, ST Engineering, and SIA – Singapore Airlines.

The word on The Street in general, suggests a Hold analyst consensus rating for SIA – Singapore Airlines with a S$7.26 average price target.

See today’s best-performing stocks on TipRanks >>

Based on SIA – Singapore Airlines’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of S$5.34 billion and a net profit of S$440.9 million. In comparison, last year the company earned a revenue of S$5.02 billion and had a net profit of S$1.02 billion

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