Wednesday, July 05, 2006

Stock Upgraded: SIA price target of 12.90 by DBS Vickers!

Singapore Airlines Ltd may continue to edge higher after DBS Vickers raised its price target for the stock to 12.90 sgd from 12. 70 previously, and its rating to "hold" from "fully valued". The brokerage increased its earnings forecast for the current year to March 2007 by 19 pct to 1.40 bln sgd, to reflect a net exceptional gain of about 222 mln sgd from the sale of the SIA building. Singapore Airlines closed up 0.10 sgd at 12.70 yesterday.

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