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Analysts whom The Business Times spoke to agreed that the unexpected tragedy is expected to have limited impact on SIA' s reputation or financial standing.

As the tragic incident is not believed to have resulted from human error or faulty equipment, SIA' s brand is not expected to be affected.

Joelton ( Date: 29-May-2024 10:58) Posted:

Time for SIA to show it has what it takes to soar higher post-pandemic

It has gone from a record net loss of S$4.3 billion for FY2021 at the height of the Covid-19 pandemic to posting its highest-ever earnings of S$2.7 billion for the FY2024 ended March

SINGAPORE Airlines (SIA) : C6L 0% has endured a difficult time over the last four years.

The national carrier fell to a record net loss of S$4.3 billion for FY2021 at the height of the Covid-19 pandemic.

It raised S$15 billion from selling rights in 2020 and 2021, including S$9.7 billion of zero-coupon mandatory convertible bonds (MCBs), to tide the group through the pandemic that sent the global aviation industry into a tailspin.

This helped the group &ndash including its budget airline Scoot &ndash to not only stay afloat, but also largely preserve its pilots and aircraft fleet. It was also able to keep the crew operationally ready while waiting in the wings for the pandemic to pass.

On May 15 this year, SIA delivered its highest-ever earnings of S$2.7 billion for the FY2024 ended March. It also announced that it will be redeeming the remaining MCBs on Jun 24 before their maturity in 2030.

Its passenger capacity is now comparable to pre-pandemic levels. With these benchmarks, SIA could be said to have put the pandemic firmly behind it.

What was meant to be a transition back to a &ldquo business as usual&rdquo mode for SIA took place in a difficult landscape presenting multiple challenges &ndash geopolitical tensions, macroeconomic uncertainties, supply chain constraints and inflationary pressures, to name a few.

Besides competition, the vagaries of the operating environment also require airlines to be responsive and nimble.

SIA was thrust into the international spotlight last week when one of its aircraft flying from London to Singapore encountered &ldquo sudden extreme turbulence&rdquo , which resulted in one death and dozens of injuries. The flight was diverted to Bangkok.

The carrier&rsquo s crisis-handling skills were put to the test, and it appears to have passed with flying colours so far. SIA won compliments from some quarters for being prompt and clear in its updates, preserving its brand from any immediate hit.

Analysts whom The Business Times spoke to agreed that the unexpected tragedy is expected to have limited impact on SIA&rsquo s reputation or financial standing.

As the tragic incident is not believed to have resulted from human error or faulty equipment, SIA&rsquo s brand is not expected to be affected.

Notwithstanding the record-breaking earnings in FY2024, however, the group continues to see some operational pressures.

For one thing, passenger yields declined in its latest financial year ended March as its peers continued to ramp up their capacity. Non-fuel expenditures rose as suppliers updated prices in line with inflation.

Passenger yields at SIA and Scoot have dipped year on year in every quarter in FY2024, or 7.6 per cent for the full year. The yield for the budget carrier fell more steeply, by 15.9 per cent, than that of the full-service airline parent, which slid 4.7 per cent.

Scoot posted a steep decline of 68.2 per cent year on year in operating profit, while that of the full-service carrier fell 13.1 per cent.

This caused the group&rsquo s operating profit to fall 19.5 per cent for the second half of FY2024.

SIA CEO Goh Choon Phong pointed out at the financial results briefing that Scoot&rsquo s steep profit slide had to do with the budget unit&rsquo s operations being largely regional. &ldquo Regional routes are the ones that see a greater injection of capacity, so you can expect there is greater competitive pressure,&rdquo he said.

Scoot has had years of loss-making before the pandemic. Perhaps the challenges of supply chain constraints and geopolitical tensions were less pronounced pre-pandemic.

But the airline industry has always been a highly competitive one &ndash perhaps even more so in this post-Covid era as some upstarts entered the industry opportunistically, hoping to grab a slice of the robust travel demand and elevated yields.

Some airlines that had been awash in red before the pandemic managed to wrest a big cut off their debts in bankruptcy protection during the pandemic, and thus reset their balance sheets.

Corporate travel, meanwhile, has not recovered to pre-pandemic levels. And whether or when the current robust travel demand would fizzle out is yet unknown.

SIA flexed its muscles when it overcame the pandemic&rsquo s challenges and was the first off the blocks to capture pent-up travel demand after borders reopened, and rewarded shareholders and staff alike.

Goh was confident that the group would be able to take on the challenges in the post-pandemic world as he asked rhetorically at the results briefing: &ldquo More importantly, do we have what it takes? We believe so.&rdquo

It is now time for the group&rsquo s management to show that it is capable of executing its strategies well in the business-as-usual world and continue to soar even higher.

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Time for SIA to show it has what it takes to soar higher post-pandemic

SINGAPORE Airlines (SIA) : C6L 0% has endured a difficult time over the last four years.
The national carrier fell to a record net loss of S$4.3 billion for FY2021 at the height of the Covid-19 pandemic.
It raised S$15 billion from selling rights in 2020 and 2021, including S$9.7 billion of zero-coupon mandatory convertible bonds (MCBs),
to tide the group through the pandemic that sent the global aviation industry into a tailspin....

https://www.businesstimes.com.sg/opinion-features/columns/time-sia-show-it-has-what-it-takes-soar-higher-post-pandemic

Sin_Cos_Tan ( Date: 27-May-2024 09:52) Posted:

Singapore Airlines (SIA) posted a record full-year net profit of S$2.7 billion for FY2024 on May 15
and is proposing a higher dividend payout for shareholders and a fatter bonus for staff.

SIA is not just having record profit .....
1. it has REDEEMED all its bond .....
2. declared final dividend of 38 cents per share results in a total payout of 48 cents per share for FY2023/24, or a dividend yield of 7.2% at $ 6.69
3. SIA staff rewarded with nearly 8 months of bonus pay as airline posts record S$2.7 billion profit for FY2024

All these indicate that SIA is a Company with strong balance sheet and financially healthy .
PDYODD

Sin_Cos_Tan ( Date: 24-May-2024 14:39) Posted:

基金评级机构过去几年都以老掉牙的理由 (不外是营运成本上漲，油价上漲，兢爭竞争加剧 ....) 压低 SIA目標價 (TP)....
Despite all the negative negative reviews , SIA still managed to achieve record-breaking net profit in FY 2022/2023, 2023/2024...

1. FY 2022/2023 Full year results....
SIA GROUP POSTS HIGHEST NET PROFIT IN ITS 76-YEAR HISTORY
2.FY 2023/2024 Full year results....
SIA GROUP POSTS RECORD FULL YEAR NET PROFIT OF $2.675 Billions

SIA is not just having record profit .....it has REDEEMED all its bond .....
declared final dividend of 38 cents per share,
results in a total payout of 48 cents per share for FY2023/24, or a dividend yield of 7.2% at $ 6.69
PE ratio 10.57 (FY 2022 / 2023 : 19.13

Sin_Cos_Tan ( Date: 17-May-2024 09:03) Posted:

Recap..
FY 2022/2023 Full year results....
SIA GROUP POSTS HIGHEST NET PROFIT IN ITS 76-YEAR HISTORY
Share prices reaction ....
16/5/23 - $5.92
16/6/23 - $8.05 (high)
P/E ratio before FY 2023/24 results announcement : 19.13

FY 2023/2024 Full year results....
SIA GROUP POSTS RECORD FULL YEAR NET PROFIT OF $2,675 MILLION
+SIA posted a 24 per cent year-on-year increase in net profit to a record high of S$2.7 billion ( FY 2022/2023 : $2.16 B )
+Revenue climbed 7 % to $19 billion ( FY 2022/2023 : $17.78 B )
+Proposed final dividend increase 26.3% to 48 cents per share ( FY 2022/2023 : 38 cents )
+Earnings per share increase 77.8% to 63.3 cents ( 2022/23 - 35.6 cents)
+By 24/6/24 , the Company would have fully redeemed the $9.7 billion of MCBs that were issued in 2020 and 2021.

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哇！散戶财大气粗

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https://www.straitstimes.com/business/sia-is-reaching-new-heights-and-carrying-investors-along-for-the-ride

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SIA is reaching new heights - and carrying investors along for the ride

The data suggests that despite higher fuel costs and competition, the operating numbers for the carrier group have been hitting new recent highs. ST PHOTO: LIM YAOHUI

SINGAPORE - I am not a betting man, but if I were, I' d place some money on Singapore Airlines posting another record set of financial results on May 15.

The data suggests that despite higher fuel costs and competition, the operating numbers for the carrier group - which includes low-cost carrier Scoot - have been hitting new recent highs.

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Singapore Airlines (SIA) posted a record full-year net profit of S$2.7 billion for FY2024 on May 15
and is proposing a higher dividend payout for shareholders and a fatter bonus for staff.

SIA is not just having record profit .....
1. it has REDEEMED all its bond .....
2. declared final dividend of 38 cents per share results in a total payout of 48 cents per share for FY2023/24, or a dividend yield of 7.2% at $ 6.69
3. SIA staff rewarded with nearly 8 months of bonus pay as airline posts record S$2.7 billion profit for FY2024

All these indicate that SIA is a Company with strong balance sheet and financially healthy .
PDYODD

Sin_Cos_Tan ( Date: 24-May-2024 14:39) Posted:

基金评级机构过去几年都以老掉牙的理由 (不外是营运成本上漲，油价上漲，兢爭竞争加剧 ....) 压低 SIA目標價 (TP)....
Despite all the negative negative reviews , SIA still managed to achieve record-breaking net profit in FY 2022/2023, 2023/2024...

1. FY 2022/2023 Full year results....
SIA GROUP POSTS HIGHEST NET PROFIT IN ITS 76-YEAR HISTORY
2.FY 2023/2024 Full year results....
SIA GROUP POSTS RECORD FULL YEAR NET PROFIT OF $2.675 Billions

SIA is not just having record profit .....it has REDEEMED all its bond .....
declared final dividend of 38 cents per share,
results in a total payout of 48 cents per share for FY2023/24, or a dividend yield of 7.2% at $ 6.69
PE ratio 10.57 (FY 2022 / 2023 : 19.13

Sin_Cos_Tan ( Date: 17-May-2024 09:03) Posted:

Recap..
FY 2022/2023 Full year results....
SIA GROUP POSTS HIGHEST NET PROFIT IN ITS 76-YEAR HISTORY
Share prices reaction ....
16/5/23 - $5.92
16/6/23 - $8.05 (high)
P/E ratio before FY 2023/24 results announcement : 19.13

FY 2023/2024 Full year results....
SIA GROUP POSTS RECORD FULL YEAR NET PROFIT OF $2,675 MILLION
+SIA posted a 24 per cent year-on-year increase in net profit to a record high of S$2.7 billion ( FY 2022/2023 : $2.16 B )
+Revenue climbed 7 % to $19 billion ( FY 2022/2023 : $17.78 B )
+Proposed final dividend increase 26.3% to 48 cents per share ( FY 2022/2023 : 38 cents )
+Earnings per share increase 77.8% to 63.3 cents ( 2022/23 - 35.6 cents)
+By 24/6/24 , the Company would have fully redeemed the $9.7 billion of MCBs that were issued in 2020 and 2021.

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基金评级机构过去几年都以老掉牙的理由 (不外是营运成本上漲，油价上漲，兢爭竞争加剧 ....) 压低 SIA目標價 (TP)....
Despite all the negative negative reviews , SIA still managed to achieve record-breaking net profit in FY 2022/2023, 2023/2024...

1. FY 2022/2023 Full year results....
SIA GROUP POSTS HIGHEST NET PROFIT IN ITS 76-YEAR HISTORY
2.FY 2023/2024 Full year results....
SIA GROUP POSTS RECORD FULL YEAR NET PROFIT OF $2.675 Billions

SIA is not just having record profit .....it has REDEEMED all its bond .....
declared final dividend of 38 cents per share,
results in a total payout of 48 cents per share for FY2023/24, or a dividend yield of 7.2% at $ 6.69
PE ratio 10.57 (FY 2022 / 2023 : 19.13

Sin_Cos_Tan ( Date: 17-May-2024 09:03) Posted:

Recap..
FY 2022/2023 Full year results....
SIA GROUP POSTS HIGHEST NET PROFIT IN ITS 76-YEAR HISTORY
Share prices reaction ....
16/5/23 - $5.92
16/6/23 - $8.05 (high)
P/E ratio before FY 2023/24 results announcement : 19.13

FY 2023/2024 Full year results....
SIA GROUP POSTS RECORD FULL YEAR NET PROFIT OF $2,675 MILLION
+SIA posted a 24 per cent year-on-year increase in net profit to a record high of S$2.7 billion ( FY 2022/2023 : $2.16 B )
+Revenue climbed 7 % to $19 billion ( FY 2022/2023 : $17.78 B )
+Proposed final dividend increase 26.3% to 48 cents per share ( FY 2022/2023 : 38 cents )
+Earnings per share increase 77.8% to 63.3 cents ( 2022/23 - 35.6 cents)
+By 24/6/24 , the Company would have fully redeemed the $9.7 billion of MCBs that were issued in 2020 and 2021.

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新航股价下挫仅反射反应
基金管理公司 Azure资本（ Azure Capital）总裁黄耀前接受《联合早报》采访时说：这是一起孤立事件，股价大幅波动，只是市场一时的反射反应（ knee-jerk reaction）。

投资研究及基金评级机构晨星（ Morningstar）亚洲股票研究总监陈丽子也说，事件不影响她对新航的整体估值评估。
" 我估计，股价的影响是微乎其微或短暂的。与人为失误或设备故障造成的事故相比，这起事故虽然不幸，但对新航品牌的影响应该较小。 "
新航的股价早前已经从去年的高点下滑，事件估计不会引发投资者大幅抛售。
她也认为，新航近期的股价，已反映了竞争加剧影响乘客收益率这项不利因素。
联合早報

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红海安全问题带来需求溢出航空货运今年表现强劲
自以哈冲突以来，货物从船运改用空运的情况增加，全球航空货运需求连续四个月实现双位数的同比增长。
新加坡航空公司 （ SIA） 在最近的业绩和业务报告中指出，航空货运需求的增长受益于托运人对红海地区安全问题的担忧。
国际航空运输协会（ IATA，简称 " 国际航协 " ） 4月底指出， 截至 3月份，全球航空货运需求已连续四个月取得双位数的同比增长，
在 3月同比增长 10.3％（国际需求增长 11.4％）。连续四个月的双位数同比增长是在中东冲突和乌克兰冲突持续时取得。
新航日前在业务报告中说， 新航 4月份货运量（ cargo load）同比增长 26.4％ ，超过同期 9.4％的运力扩张，部分原因是红海安全问题带来的需求溢出。
公司在全年业绩报告中指出，货运需求在 2023／ 24财年末有所增强。这是得益于良好的电子商务需求、易腐品和演唱会等具有韧性且不断增长的细分市场，
" 以及一些托运人出于红海地区安全担忧而转向空运 " 。
新航的财年在 3月底结束。集团下半年的货运量同比增加 9.7％，相对于上半年的 1.7％同比增幅。
值得注意的是，新航货运量在 2024日历年 1月至 4月，连续四个月同比取得双位数增长， 4月份的同比增幅最高。
~ LIANHE ZAOBAO 财经新加坡财经

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Dividend yield :
SIA : 0.48 / 6.74 = 7.12%
DBS : 2.16 / 35.6= 6.07%

wooncs8870 ( Date: 16-May-2024 15:31) Posted:

What other counters got such good dividends payout?

huattuatua ( Date: 16-May-2024 15:28) Posted:

give shareholders $ also take so long

dbs earnings report out, less than 3 wks u got ur div le

meantime see other counters for more salivating div payout

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SIA' s P/E ratio as of May 2024 (TTM): 10.81
if its stock trades at $6.75 per share and earns $0.633 per share annually.
It would take 10.67 years for the shareholder to make enough money to reimburse the share price assuming the stock price and earnings remained unchanged.
A P/E ratio of between 10 and 17 is traditionally considered to be a fair trade.
If PE = 17, theoretically SIA share price should be $10.761

After Full redemption of the remaining 25% of MCBs (issued in June 2021) on 24 June 2024
Earnings Per Share:
- Proforma After Redemption : 73.6 cents
If PE = 17, theoretically SIA share price should be $12.512

Sin_Cos_Tan ( Date: 20-May-2024 14:18) Posted:

P/E ratio for Singapore Airlines (C6L.SI)

P/E ratio as of May 2024 (TTM): 10.81

At the end of FY 2022/23 the company had a P/E ratio of 19.13.

PE ratio at the end of each year

FY Year P/E ratio

2022 19.13

2021 -11.2

2020 -2.52

2019 22.4

2018 20.8

2017 20.3

2016 22.3

2015 29.9

2014 54.3

2013 43.3

2012 65.8

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Deemed Interest
Number of shares / %
Lippo ASM Asia Property Limited
618,916,410 / 73.53%

Net asset value @ 31/12/2023
Number of issued shares (excluding treasury shares) 843,680,060
Net asset value per ordinary share ($) 4.31
P/B Ratio : $1.16 / 4.31 = 0.2691
Just for sharing
PDYODD

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Singapore Airlines and Garuda Indonesia to partner on frequent flyer miles

Goh Choon Phong, chief executive officer of SIA said on Monday that the partnership with Garuda Indonesia will improve the connectivity between Indonesia and Singapore and would increase passenger capacity.

" This will help to meet the increasing demand for air travel between the two countries and beyond, as well as facilitate the growth of tourism and economic activities," he said. https://www.businesstimes.com.sg/companies-markets/singapore-airlines-and-garuda-indonesia-partner-frequent-flyer-miles

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P/E ratio for Singapore Airlines (C6L.SI)

P/E ratio as of May 2024 (TTM): 10.81

At the end of FY 2022/23 the company had a P/E ratio of 19.13.

PE ratio at the end of each year

FY Year P/E ratio

2022 19.13

2021 -11.2

2020 -2.52

2019 22.4

2018 20.8

2017 20.3

2016 22.3

2015 29.9

2014 54.3

2013 43.3

2012 65.8

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Well, there' s no such thing as a free lunch.
天下没有免费的午餐。

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我的妈呀！说越多错越多！
I yo yo !

Sin_Cos_Tan ( Date: 18-May-2024 12:08) Posted:

The definition of PE ratio is not as simple as " Price to earnings " .
I doubt that everyone know what is the actual meaning of PE ratio .

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The definition of PE ratio is not as simple as " Price to earnings " .
I doubt that everyone know what is the actual meaning of PE ratio .

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FY 2022/23 SIA P/E ratio : 19.13
PDYODD

MrBear12 ( Date: 16-May-2024 17:40) Posted:

If I remember correctly, the recent year P/E of SIA is about 7-8. (according to SGX)

TANPK123 ( Date: 16-May-2024 17:33) Posted:

Dreaming? Maybe another 8 to 10 years to reach $