SIA, SG1V61937297

SIA stock gets a higher target as UOB KayHian turns bullish

Published on 10/08/2026 at 04:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UOB KayHian upgraded SIA to Buy and lifted its target to SGD 18.00 on October 8, 2026. First-quarter revenue reached SGD 5.714 billion.

SIA, SG1V61937297, Illustration mit AI erstellt.

SIA stock (ISIN SG1V61937297) was trading at SGD 6.65 on the Singapore Exchange on October 8, 2026, down 0.45 percent from the prior close of SGD 6.68. The main catalyst was UOB KayHian, which upgraded the airline to Buy from Hold and raised its target from SGD 13.20 to SGD 18.00, according to The Edge Malaysia on October 8, 2026.

UOB KayHian resets the target

The new target is 170.7 percent above the October 8 trading price. UOB KayHian also raised its FY2027 and FY2028 earnings forecasts by 26 percent, citing tighter capacity in the Asia-Pacific market, stronger yields and possible aircraft sales.

That upgrade changes the near-term valuation debate, but it does not erase the earnings pressure visible in SIA's latest quarter. The target therefore represents a more bullish scenario than the current market price.

Revenue rose as profit fell

For the quarter ended June 30, 2026, SIA reported revenue of SGD 5.714 billion and a net loss of SGD 76 million, as higher fuel costs and losses linked to Air India weighed on results, according to The Smart Investor in its September 28, 2026 analysis. Revenue rose 19.3 percent year over year, while net fuel costs increased 78.5 percent to SGD 2.253 billion.

The contrast is material for shareholders: record sales did not prevent a quarterly loss. The same report said operating profit was SGD 106 million and free cash flow was SGD 810 million, leaving cash generation as an important counterweight to fuel-cost risk.

Consensus stays below the new target

According to Investing.com as of October 7, 2026, 14 analysts held a Neutral consensus, with 1 Buy, 9 Holds and 4 Sells. The average 12-month target was SGD 7.02, with a high of SGD 8.00 and a low of SGD 5.80; the average target lies 5.6 percent above the October 8 trading price.

SIA's next scheduled checkpoint is the announcement of its second-quarter and half-year FY2026/27 results on November 11, 2026, according to Singapore Airlines.

SIA stock trades below its yearly high

SIA stock was last at SGD 6.65 on the Singapore Exchange on October 8, 2026 at 10:38 a.m. SGT. Its 52-week range was SGD 6.21 to SGD 7.92, placing the share price below the yearly high while the market weighs the new analyst view against fuel and Air India exposure.