Yahoo! Philippines News - Latest Philippines News & International News Headlines: STOCKS NEWS SINGAPORE-Brokers say Tiger to benefit from Virgin deal

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STOCKS NEWS SINGAPORE-Brokers say Tiger to benefit from Virgin deal Oct 31st 2012, 02:22 Several brokers said Tiger Airways Holdings Ltd isset to benefit after Virgin Australia Holdings Ltd saidit will buy 60 percent of the Singapore budget carrier'sAustralian unit for A$35 million ($36.2 million). Tiger and Virgin Australia will team up to manage TigerAustralia. Tiger shares were flat at S$0.74 on Wednesday. Thestock has increased 16.5 percent so far this year versus the 22percent gain in the FT ST Small Cap Index. "We deem this as a longer-term positive. ...

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