Singapore Air Now Analysts’ Preferred Carrier Over Cathay: ChartBy and
For years, Cathay Pacific Airways Ltd. rated higher among analysts than Singapore Airlines Ltd., which reports results Thursday. That changed earlier this year, when the Hong Kong carrier’s average recommendation compiled by Bloomberg began falling as Cathay warned its yields were under intense pressure, scrapped its profit outlook and said it was conducting a critical business review. While Singapore Air is also struggling with competition, “it is trading close to its floor valuation, indicating the risks have all been priced in,” Maybank Kim Eng Holdings Ltd. said in an Oct. 31 report in which it maintained a hold rating.
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