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· Singapore Airlines (SIA) – uob kay hian 2019-05-21: 4qfy19 Better-Than-Expected Earnings, Not A Stock Price Catalyst. While 4QFY19’s earnings were better than expected, we believe that SIA might not fare well in the coming quarters as there are already signs of a slowdown in demand for air travel. This is likely to be compounded by deteriorating air cargo volume and yields.
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