Singapore Airlines *Official* (SGX:C6L)

vsvs24

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https://sg.news.yahoo.com/3-singapore-stocks-may-deliver-070000785.html


Not sure if I'm too pessimistic - I thought that with the MCBs on the balance sheet, it would be more logical for SIA to retain a greater share of its earnings in order to enable a potential early redemption of some of the MCBs, rather than to start declaring dividends so early on.
As long as they are still receiving government handout they should not declare dividend.

Otherwise will be seen as good enough no need anymore handout.

The MCB mostly held by Temasek. Even the Chairman and CEO don't want to buy. I guess no hurry to redeem.
 

Shion

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Hong Kong suspends SIA flights from Singapore after passengers test positive for COVID-19​


https://www.channelnewsasia.com/sin...pends-sia-flights-passengers-positive-2503771
SINGAPORE: Singapore Airlines (SIA) flights from Singapore to Hong Kong have been suspended for two weeks, after several passengers tested positive for COVID-19 upon arrival in the city.

The directive came from Hong Kong regulators after some SIA customers, who had tested negative for COVID-19 in their pre-departure tests, subsequently tested positive on arrival in Hong Kong, said an SIA spokesperson on Thursday (Feb 17).

"We are unable to comment further due to confidentiality reasons."

Singapore Airlines will suspend SQ882 and SQ894, its two daily passenger services from Singapore to Hong Kong, until Mar 1. The suspension took effect on Feb 16.

SQ883 and SQ895, the twice-daily passenger services from Hong Kong to Singapore, are not affected.

"SIA apologises to all affected customers," said the spokesperson.

"We are reaching out to them to offer all necessary assistance, and to minimise the inconvenience caused by this disruption."

SIA was in April last year also temporarily suspended from flying from Singapore to Hong Kong after the airline breached one of the city’s “trigger points” for COVID-19 testing requirements.

For more than two years, Hong Kong has followed China's zero-COVID-19 strategy, but a wave of the highly transmissible Omicron virus variant has battered the city's capacity for testing, quarantine and treatment.

Health authorities in Hong Kong reported a record 4,285 confirmed new infections on Wednesday, and another 7,000 preliminary positive cases, a surge from around 100 daily cases at the start of February but still lower than in other similar sized major cities.

Before the latest wave, Hong Kong had recorded just over 12,000 cases since the beginning of the pandemic.

Singapore on Wednesday announced the launch of a vaccinated travel lane (VTL) with Hong Kong, which allows quarantine-free travel for those who are fully vaccinated. The VTL takes effect on Feb 25.

On Wednesday, Singapore reported 16,883 new COVID-19 cases. There were also 13 fatalities, the highest number since Dec 5.
 

vsvs24

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Everytime govt announce VTL, something will happen. Quite jinx. Let's see.
 

Shion

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DHL, SIA enter agreement to operate 5 freighters based in Singapore​


https://www.businesstimes.com.sg/co...nt-to-operate-5-freighters-based-in-singapore
LOGISTICS company DHL Express has entered into an agreement with flag carrier Singapore Airlines (SIA) to deploy 5 Boeing 777 freighters, the companies said in a joint statement on Thursday (Mar 10).

The freighters will be based at Changi Airport and serve DHL's South Asia Hub located in Singapore. SIA will oversee the maintenance of the aircrafts, and SIA pilots will operate the aircraft on routes to the US via points in North Asia.

Travis Cobb, executive vice-president of global network operations and aviation at DHL, noted that the deployment can help expand its services linking the Asia-Pacific region with the Americas.

"Following the pandemic, we see good prospects for strong growth in trans-Pacific trade lanes," Cobb said.

The initial agreement is set for more than 4 years with the opportunity for an extension; the first aircraft will be delivered in July 2022, the second in October 2022, and the remaining 3 aircraft are planned for delivery throughout 2023.

Lee Lik Hsin, executive vice-president commercial at SIA, noted that basing the freighters in Singapore will "further reinforce Singapore's position as a key air cargo and e-commerce logistics hub, contributing to its growth and development".

DHL had in 2015 set up a 24-hour express hub facility at Changi Airport as part of its network infrastructure expansion plans in the region. Then, the facility was DHL's largest infrastructure investment in Singapore in the 43 years that it has been operating in the Republic.
 

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SIA reports highest-ever cargo revenue of $1.35 bil for 3QFY2021/2022 in cargo business update​


https://www.theedgesingapore.com/ne...o-revenue-135-bil-3qfy20212022-cargo-business
Singapore Airlines (SIA) has reported a record cargo revenue of $1.35 billion for the 3QFY2021/2022.

In its update on its cargo business on March 15, the group says this is the first time its revenue for its cargo business has surpassed the $1 billion mark.

During the 3QFY2021/2022, the airlines also reported revenue of $832.8 million for its pax flown segment, and revenue of $132.2 million for its engineering services, other pax and others segment.

In that quarter, the airlines saw cargo yields increase 26.9% y-o-y to 81.5 cents per load tonne-kilometres (LTK).

In its outlook statement, the airline is less buoyant on its figures for the 4QFY2021/2022, saying that it expects overall air cargo demand to ease on the back of the record peak period in the 3QFY2021/2022.

This is in line with seasonal fluctuations, and the traditional slowdown in exports during the Lunar New Year holiday period, says the airline.

Nonetheless, both air and sea freight capacities are expected to remain tight during the quarter, supporting loads and yields, it adds.

In its business update, SIA revealed that it has ordered seven A350F freighters to replace its existing fleet of seven Boeing 747-400F. Deliveries will begin in the four quarter of 2025. According to the airline, the new fleet will reduce its carbon emissions by 400,000 tonnes annually as the A350F burns up to 40% less fuel on similar missions.

As at March 1, SIA flies to 97 destinations on its cargo route network. It has a 36:64 freighter and bellyhold split as at the date, compared to the 21:79 split in the FY2019/2020, pre-Covid-19.

Shares in SIA closed at $5.03 on March 14.
 

VanquishShadow

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https://www.straitstimes.com/busine...ion-sector-poised-for-recovery-brokerage-says
forecasting that SIA might return to profitability around end-2024 seems fair (assuming no black swan events)...

the question on my mind is: how will SIA generate enough $ to redeem the MCBs before the 10-year deadline? I don't see any plausible way, yet a number of ppl i know have chosen to hold onto their shares, seemingly ignoring the *very* real possibility of this HUGE dilution down the road
 

elvintay07

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https://www.straitstimes.com/busine...ion-sector-poised-for-recovery-brokerage-says
forecasting that SIA might return to profitability around end-2024 seems fair (assuming no black swan events)...

the question on my mind is: how will SIA generate enough $ to redeem the MCBs before the 10-year deadline? I don't see any plausible way, yet a number of ppl i know have chosen to hold onto their shares, seemingly ignoring the *very* real possibility of this HUGE dilution down the road
10 years later, probably a $2 share
 

VanquishShadow

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Haha I think it will be around the diluted NAV per share, so maybe in the $3.50 range. But if the MCBs don't get redeemed early then I'm fairly certain there will be no dividends paid out until 2030/2031.

Hence I'm not clear what's propping up the share price. Very limited headway for capital appreciation (because of the MCBs) and very limited prospect of paying a good dividend.
 

reddevil0728

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Haha I think it will be around the diluted NAV per share, so maybe in the $3.50 range. But if the MCBs don't get redeemed early then I'm fairly certain there will be no dividends paid out until 2030/2031.

Hence I'm not clear what's propping up the share price. Very limited headway for capital appreciation (because of the MCBs) and very limited prospect of paying a good dividend.
"positive feelings from reopening"
 

TehSi99

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Stock prices are forwards looking. But if results is lower than expected, down it goes.
 

Shion

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Big jump in SIA Group's passenger traffic; capacity expected to reach 61% of pre-COVID levels by May​


https://www.channelnewsasia.com/business/sia-singapore-airlines-scoot-passenger-traffic-2631801
SINGAPORE: A total of 893,000 passengers flew on Singapore Airlines (SIA) and Scoot last month, an almost nine-fold increase from a year ago as travel restrictions continue to ease.

SIA Group's latest operating results showed that its two airlines carried 790 per cent more passengers in March compared to a year ago. The 893,000 passengers last month is up from the 544,600 in February 2022.

“There was a significant increase in passenger demand at both Singapore Airlines (SIA) and Scoot in March 2022, as travel restrictions eased in almost all key markets and the Singapore government increased the Vaccinated Travel Lane (VTL) quota for daily arrivals,” said SIA Group on Monday (Apr 18).

SIA Group said passenger capacity last month reached 51 per cent of what it was before the pandemic, up seven percentage points from the month before.

With the easing of border controls, the group said it expects passenger capacity to increase further and reach around 61 per cent of pre-COVID-19 levels by May 2022.

Singapore reopened its borders to all fully vaccinated travellers, removing all existing vaccinated travel lanes (VTL) and unilateral opening arrangements from Apr 1.

Under the new measures, all fully vaccinated travellers, as well as children aged 12 and below, were able to enter Singapore with just a pre-departure COVID-19 test.

“This long-awaited move opens up the entire SIA and Scoot network to eligible customers, offering them even more flexibility and options,” said SIA Group.

The group passenger load factor was 54.5 per cent in March, a 15.4 per cent increase from the month before. The figure is also a 41.7 per cent rise from the same time last year.

This was the highest since the onset of the COVID-19 pandemic.

All route regions served by the SIA Group recorded a year-on-year fall in cargo load factor in March. Overall cargo load fell 19.8 percentage points year-on-year to 72.5 per cent in March.

In March, the SIA group resumed services to several destinations in Australia and Southeast Asia, in addition to Cape Town, Gatwick and Newark – bringing the number of destinations it served to 93.

As of the end-March, Singapore Airlines served 69 destinations with Scoot flying to 43 destinations - around two-thirds of the points flown before the pandemic, said the group.
 

Shion

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DBS upgrades SIA to 'buy' on 'colossal' pent up demand for travel​


https://www.theedgesingapore.com/ca...-upgrades-sia-buy-colossal-pent-demand-travel
DBS Group Research has upgraded Singapore Airlines from “hold” to “buy” with the expectation that the country’s flag carrier is enjoying a recovery in passenger volumes faster than its regional peers.

The pick up started last September after Singapore opened the so-called vaccinated travel lanes last September, which was followed by further easing of rules. “We expect this trend to persist,” write analysts Paul Yong and Jason Sum in their May 17 note.

“Colossal pent-up travel demand and the gradual restoration of passenger capacity will support passenger yields,” add Yong and Sum, who have a new target price of $6.20 from $4.90 previously. The new target price is pegged to 1.3x SIA’s FY2023 and FY2024 book value.

Meanwhile, cargo demand, which has been a lifeline for the airline in the darkest days of the pandemic, should continue to enjoy high yields despite the looming addition of capacity due to prolonged widespread supply chain disruptions.

Right now, SIA is trading at a valuation above its historical mean of around 1.1x FY2023 book value, which is 0.5 sd above its ten-year mean – and a level higher than regional peers.

“We believe that its relatively promising recovery trajectory and medium-term outlook justify a multiple that is on par with its peers,” write Yong and Sum.

SIA will report its FY2022 earnings ended March 31 after market on May 18.

SIA as at 1.30pm traded at $5.29, up 2.52%.
 

VanquishShadow

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DBS upgrades SIA to 'buy' on 'colossal' pent up demand for travel​


https://www.theedgesingapore.com/ca...-upgrades-sia-buy-colossal-pent-demand-travel
DBS Group Research has upgraded Singapore Airlines from “hold” to “buy” with the expectation that the country’s flag carrier is enjoying a recovery in passenger volumes faster than its regional peers.

The pick up started last September after Singapore opened the so-called vaccinated travel lanes last September, which was followed by further easing of rules. “We expect this trend to persist,” write analysts Paul Yong and Jason Sum in their May 17 note.

“Colossal pent-up travel demand and the gradual restoration of passenger capacity will support passenger yields,” add Yong and Sum, who have a new target price of $6.20 from $4.90 previously. The new target price is pegged to 1.3x SIA’s FY2023 and FY2024 book value.

Meanwhile, cargo demand, which has been a lifeline for the airline in the darkest days of the pandemic, should continue to enjoy high yields despite the looming addition of capacity due to prolonged widespread supply chain disruptions.

Right now, SIA is trading at a valuation above its historical mean of around 1.1x FY2023 book value, which is 0.5 sd above its ten-year mean – and a level higher than regional peers.

“We believe that its relatively promising recovery trajectory and medium-term outlook justify a multiple that is on par with its peers,” write Yong and Sum.

SIA will report its FY2022 earnings ended March 31 after market on May 18.

SIA as at 1.30pm traded at $5.29, up 2.52%.
am i the only one who finds it odd that the broker report is released one day before the SIA quarterly earnings? i would find it more logical if it were released after, to account for the latest quarter's performance + updated guidance/outlook
 

reddevil0728

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am i the only one who finds it odd that the broker report is released one day before the SIA quarterly earnings? i would find it more logical if it were released after, to account for the latest quarter's performance + updated guidance/outlook
like that they are not providing value already ma
 

VanquishShadow

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