Stock Tips : SIA kept on ‘hold’ by Maybank at lower $10 price target after fire mishap

SINGAPORE (June 28): Maybank Kim Eng has a ‘hold’ call on air transportation provider Singapore Airlines (SIA), with a lower target price of $10 from its previous price target of $11.50.

This comes after SIA’s Milan-bound (SQ368) Boeing 77-300ER’s right engine caught fire on Monday, upon its return to Singapore’s Changi airport after receiving an engine oil warning message mid-flight. The cause of the incident is still under investigation.

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