Singapore Air's outlook clouded by rising fuel prices

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SINGAPORE (Feb 9): Maybank Kim Eng is estimating 2% lower 3Q18 core net profit of S$259 million for Singapore Air, but in line with its estimate.

"Our earnings forecasts, target price of S$10.95 pegged to its 0.93 times long-term book value mean and 'Hold' are unchanged," says analyst Mohshin Aziz in a Thursday report.

Mohshin says management have so far done very well in filling up aircraft. Overall traffic in 3Q18 grew by...(click on link for full story on theedgesingapore.com)