Robust VTL and cargo demand to benefit 3Q ■ Reiterate Add as SIA may report a narrower qoq 3QFY22F loss due to the robust response to the VTL schemes and strong year-end cargo demand.■ Our TP of S$5.86 is unchanged, still based on P/BV of 1.06x (+1 s.d.), on our adjusted FY23F BVPS. Strong VTL […]

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