The consensus has forecasted SIA to record a net profit of $316 million for the FY2023
$SIA(C6L.SG$ $UOB Kay Hian(U10.SG$
This is compared to UOB Kay Hian’s FY2023 full-year net profit projection of $1.35 billion, or $487 million if the impact of a substantial fuel hedge gain of an estimated $860 million is excluded.
This is compared to UOB Kay Hian’s FY2023 full-year net profit projection of $1.35 billion, or $487 million if the impact of a substantial fuel hedge gain of an estimated $860 million is excluded.
“We believe the street might have underestimated the power of SIA’s operating leverage.” Chen says.
SIA’s near-term recovery momentum is strong, with the company stating that its launched passenger capacity has been well booked into 2QFY2023 with strong pax yields. In a recent press release, the company guided to further re-activate its pax capacity to 81% of pre-pandemic levels by December, ahead of UOB Kay Hian’s projected 75% by the same time.
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