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Singapore Airlines rated buy

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Citigroup Research in a Feb 2 research report says: “SIA 3QFY10 (December 2009) profit of $404 million (2Q: $159 million loss, 1Q: $307 million loss), EPS $0.34 (2Q: -$0.13, 1Q: -$0.26) is above forecast, and more importantly suggests upside to FY2011 consensus of $873 million profit (Citi FY2011:  $1.4 billion).

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