{
  "id": 8142335,
  "title": "UOBKH downgrades SIA to ‘sell’ as jet fuel price nears all-time high",
  "url": "https://urgent.news/2026/09/18/uobkh-downgrades-sia-to-sell-as-jet-fuel-price-nears-all-time-high",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T00:30:07.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/transport-logistics/uobkh-downgrades-sia-sell-jet-fuel-price-nears-all-time-high"
  },
  "original_language": "en",
  "account": "UOB Kay Hian has reduced its rating on Singapore Airlines (SIA) to a \"sell\" due to a recent increase in Middle East tensions and subsequent rise in jet fuel prices. The brokerage firm pointed out that the re-escalation in Middle East tensions led to drone attacks on a key Saudi pipeline and postponed planned talks between Gulf Arab states and Iran. This resulted in a significant hike in jet fuel prices, with Brent crude oil at about US$105 a barrel and US crude oil at US$101 a barrel as of Friday. Due to the soaring jet fuel prices, reaching nearly US$200 a barrel, UOBKH slashed SIA's 2027 and 2028 earnings forecasts by 21% and 5%, respectively. The brokerage also cut its price target for SIA shares from S$6.71 to S$6.16. UOBKH noted that while SIA's 40-50% fuel hedging position might offer some protection, its earnings outlook remains vulnerable to further fuel-price volatility.",
  "summary": "Brokerage is ‘largely neutral’ on Air India’s US$1.5 billion top-up request",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "UOBKH downgrades Singapore Airlines to ‘sell’ on jet fuel price surge",
        "url": "https://urgent.news/2026/09/18/uobkh-downgrades-singapore-airlines-to-sell-on-jet-fuel-price-surge",
        "published": "2026-09-18T00:30:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}