ShareJunction - Member Posts

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Air New Zealand And Singapore Airlines Receive Regulatory Approval To Extend Joint Venture Alliance

Over the course of the 10-year partnership, Air New Zealand and Singapore Airlines have grown the seat capacity between New Zealand and Singapore by nearly 50%.
This includes the addition of up to three daily services between Auckland and Singapore, and a daily service between Christchurch and Singapore.

https://www.singaporeair.com/en_UK/us/media-centre/press-release/article/?q=en_UK/2024/January-March/jr0324-240228

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FINANCIAL CALENDAR

31 March 2024
Financial Year End for FY2023/24

15 May 2024
Announcement of FY2023/24
Fourth Quarter and Full Year Results

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Event Calendar

28 Mar 2024

Annual General Meeting (2pm)

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Translated by Google:
Things will not remain as they are.
Don' t underestimate the financial muscle of retail investors.
Retail investors net buying SIA: $169,010,000
Institutional net sales SIA: $109,530,000
Hum hum! Who is afraid of whom?

To leave up SIA thread.

Sin_Cos_Tan ( Date: 27-Feb-2024 09:38) Posted:

今时不如往日
不要小看散戶的财力
散戶淨买入 : $169,010,000
机構淨卖出 : $109,530,000
哼哼！谁怕谁 ?

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Following the redemptions, 25% of the MCBs issued in June 2021 remain outstanding. ($ 1,549.3 M)
With the strong cash and bank balances ($ 10,503.3 M), the remaing 25% MCB can be redeemed anytime.

" Rights 2021 MCBs" $6,196.8 million
" Rights 2020 MCBs" $3,496 million fully redeemed.

Sin_Cos_Tan ( Date: 27-Feb-2024 12:56) Posted:

Below Article Totally outdated - May 29, 2021
SIA has redeemed NCB in :-
1. June and December 2023 : $5.1 billion
2. FY 2022/2023 : $3,860 million

Total cash and bank balances As At 31/12/23 : $ 10,503.3 M

ktnpl2005 ( Date: 27-Feb-2024 12:08) Posted:

https://financialhorse.com/sias-2021-rights-issue-and-mcbs-explained-how-much-cash-can-sia-burn/#:~:text=Dilution%20impact%20of%20the%20MCBs& text=If%20you%20assume%20MCBs%202020,%242.71%20just%20from%20dilution%20alone.
Need to gradually factor in the share dilution as we approach the 10 year mark of the convertible bonds.

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Below Article Totally outdated - May 29, 2021
SIA has redeemed NCB in :-
1. June and December 2023 : $5.1 billion
2. FY 2022/2023 : $3,860 million

Total cash and bank balances As At 31/12/23 : $ 10,503.3 M

ktnpl2005 ( Date: 27-Feb-2024 12:08) Posted:

https://financialhorse.com/sias-2021-rights-issue-and-mcbs-explained-how-much-cash-can-sia-burn/#:~:text=Dilution%20impact%20of%20the%20MCBs& text=If%20you%20assume%20MCBs%202020,%242.71%20just%20from%20dilution%20alone.
Need to gradually factor in the share dilution as we approach the 10 year mark of the convertible bonds.

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今时不如往日
不要小看散戶的财力
散戶淨买入 : $169,010,000
机構淨卖出 : $109,530,000
哼哼！谁怕谁 ?

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分析：新航股价短期动荡但有长期价值
新加坡航空公司（ SIA）股价在经历大幅下跌后，星期四的跌势有所缩小。多名分析师给予新航股价超过 7.00元的目标价，
他们或认为新航的盈利仍然表现良好，或认为股价的波动仅属于短期现象，新航依然具有长期持有的价值。
新航在星期二（ 2月 20日）闭市后发布业绩，股价星期三应声大跌 9.5％，星期四再跌 1.2％，闭市报 6.59元。
https://www.zaobao.com.sg/finance/singapore/story20240222-1469725

Translated by Google
Analysis: Singapore Airlines stock price is volatile in the short term but has long-term value
Singapore Airlines (SIA) shares pared losses on Thursday after suffering a sharp decline.
Many analysts have given Singapore Airlines' stock price a target price of more than $ 7.00 .
They either believe that Singapore Airlines' earnings are still performing well, or that the stock price fluctuations are only a short-term phenomenon
and that Singapore Airlines still has long-term holding value.
Singapore Airlines released its results after the market closed on Tuesday (February 20).
The stock price fell 9.5% on Wednesday and fell another 1.2% on Thursday, closing at $ 6.59.

Sin_Cos_Tan ( Date: 23-Feb-2024 09:46) Posted:

不要受外界 (赌博炒作者 )声音的影响
QUOTE
" Be fearful when others are greedy and greedy when others are fearful."
Warren Buffett

This highlights Buffett' s contrarian approach to investing.
He often takes advantage of market panics and crashes to buy companies at a discount,
knowing that their value will eventually recover.
Provided that you have holding power!

And Don' t forget Warren Buffett rules for investing...
Rule 1 - Don' t lose money
Rule 2 - Don' t forget rule 1
Rule 3 - Always have a margin of safety
Rule 4 - Find companies with good financials
Rule 5 - Find companies with good earnings
Rule 19 - Be a long term investor
Long term investing is the core ethos of Buffett' s investment principles. The longer you hold onto good stocks, the better your returns will be.
This removes the problems of short-term volatility that cause many investors to buy at a high and sell at a low.

Barcalo ( Date: 21-Feb-2024 17:08) Posted:

Then why dropped so much today?

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不要受外界 (赌博炒作者 )声音的影响
QUOTE
" Be fearful when others are greedy and greedy when others are fearful."
Warren Buffett

This highlights Buffett' s contrarian approach to investing.
He often takes advantage of market panics and crashes to buy companies at a discount,
knowing that their value will eventually recover.
Provided that you have holding power!

And Don' t forget Warren Buffett rules for investing...
Rule 1 - Don' t lose money
Rule 2 - Don' t forget rule 1
Rule 3 - Always have a margin of safety
Rule 4 - Find companies with good financials
Rule 5 - Find companies with good earnings
Rule 19 - Be a long term investor
Long term investing is the core ethos of Buffett' s investment principles. The longer you hold onto good stocks, the better your returns will be.
This removes the problems of short-term volatility that cause many investors to buy at a high and sell at a low.

Barcalo ( Date: 21-Feb-2024 17:08) Posted:

Then why dropped so much today?

Sin_Cos_Tan ( Date: 21-Feb-2024 16:45) Posted:

For the first nine months of the current fiscal year, the group' s revenue, operating profit and net profit have all reached new highs.
The group' s total revenue increased by 7.4% year-on-year to a new high of $ 14.244 billion.
Operating profit increased 8.7% to a new high of $2.163 billion,
Net profit surged 35% to $ 2.1 billion, setting a new high and exceeding $ 2 billion for the first time.

The group' s net profit in the first nine months has reached the level of the full-year net profit of the previous fiscal year.
Its current performance makes its full-year net profit likely to reach a new high.
~ Lianhe Zaobao
Translated by Google

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Mr Ahmad Maghfur Usman, an analyst at Nomura, is keeping his buy recommendation on SIA, pegging the target price at $9.17 a share.
He believes earnings per share will continue to grow, and that the stock is trading at a relatively cheaper level compared with pre-Covid-19.
The stock is also expected to offer an attractive dividend yield of 5 per cent for the 2024 fiscal year, he said.
有眼光！

Sin_Cos_Tan ( Date: 22-Feb-2024 08:50) Posted:

SIA share price hits turbulence, tumbling nearly 10% on cost concerns
SINGAPORE &ndash Singapore Airlines (SIA) shares tumbled nearly 10 per cent on Feb 21 &ndash a day after the carrier warned that higher fuel prices and increased operating costs could cloud its outlook.

The stock closed at $6.67, down 70 cents or 9.5 per cent, with 39 million shares traded.

Brokers said the market reacted negatively to the carrier&rsquo s higher-than-expected operating expenses in the last quarter of 2023 even though revenue growth remained solid.

Cargo business remains a drag, fueling concerns that the return to normal may be slower than expected due to the conflict in the Red Sea.

However, Ms Ada Lim, an analyst at OCBC Investment Research, expects SIA to post a record performance for the financial year to March 31 on the back of robust travel demand and its ramp-up in capacity since major economies reopened after Covid-19.

" Regional airlines have struggled with manpower shortages and other operational issues, which may allow SIA to enjoy higher-for-longer passenger yields vis-a-vis pre-Covid levels," Ms Lim said.

But whether people will spend more on travel depends on the economic outlook, and geopolitical tensions could pose further risks to oil prices and fuel inflation, she added.

" Nonetheless, we remain confident in SIA' s brand proposition and product innovation. In our view, SIA continues to hold long-term value in investors' portfolios, although there could be some share price volatility in the near term ahead of the full-year results release," Ms Lim said.

SIA released its third-quarter results on Feb 20, noting that the demand for air travel remained healthy.

Forward sales continued to be robust, underpinned by the demand for leisure travel during the school holidays and Easter peak in March and April 2024.

Passenger yields &ndash an indicator of revenue &ndash continued to come under pressure from increased competition.

" Heightened geopolitical tensions and economic uncertainty could also weigh on business sentiment and the demand for air travel. High fuel prices and inflationary pressures, as well as supply chain constraints, also present a more challenging operating cost environment globally for airlines," SIA noted.

Net profit grew 4.9 per cent to $659 million in the three months to Dec 31, 2023, while revenue rose 4.9 per cent to $5.1 billion, an all-time quarterly high.

It also noted that net fuel costs after hedging climbed 9.1 per cent.

The demand for air travel was led by a rebound in North Asia as China, Hong Kong, Japan and Taiwan fully reopened.

SIA and Scoot carried 9.5 million passengers in the quarter, up 29.4 per cent year on year. Passenger traffic grew 19.1 per cent, outpacing the capacity expansion of 17.9 per cent. As a result, its passenger load factor &ndash which indicates the capacity used &ndash improved by 0.8 percentage points to 88.2 per cent.

In contrast, revenue from cargo flows fell 35.1 per cent from a year earlier to $559 million.

SIA expects air freight volume to soften in the seasonally weaker January to March quarter, with continued pressure on yields.

DBS Group Research said SIA&rsquo s results were disappointing, noting the sequential decline in its earnings before interest, tax, depreciation and amortization as well as operating margins in a seasonally stronger quarter. Passenger yields for both SIA and Scoot also fell more rapidly than anticipated.

DBS expects SIA&rsquo s earnings to peak for the 2024 financial year as the carrier faces constraints in increasing capacity further and mitigating margin pressures.

Mr Ahmad Maghfur Usman, an analyst at Nomura, is keeping his buy recommendation on SIA, pegging the target price at $9.17 a share. He believes earnings per share will continue to grow, and that the stock is trading at a relatively cheaper level compared with pre-Covid-19.

The stock is also expected to offer an attractive dividend yield of 5 per cent for the 2024 fiscal year, he said.

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知已知彼百戰百胜

自已心中要有一把尺
DYODD

Barcalo ( Date: 21-Feb-2024 17:08) Posted:

Then why dropped so much today?

Sin_Cos_Tan ( Date: 21-Feb-2024 16:45) Posted:

For the first nine months of the current fiscal year, the group' s revenue, operating profit and net profit have all reached new highs.
The group' s total revenue increased by 7.4% year-on-year to a new high of $ 14.244 billion.
Operating profit increased 8.7% to a new high of $2.163 billion,
Net profit surged 35% to $ 2.1 billion, setting a new high and exceeding $ 2 billion for the first time.

The group' s net profit in the first nine months has reached the level of the full-year net profit of the previous fiscal year.
Its current performance makes its full-year net profit likely to reach a new high.
~ Lianhe Zaobao
Translated by Google

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SIA share price hits turbulence, tumbling nearly 10% on cost concerns
SINGAPORE &ndash Singapore Airlines (SIA) shares tumbled nearly 10 per cent on Feb 21 &ndash a day after the carrier warned that higher fuel prices and increased operating costs could cloud its outlook.

The stock closed at $6.67, down 70 cents or 9.5 per cent, with 39 million shares traded.

Brokers said the market reacted negatively to the carrier&rsquo s higher-than-expected operating expenses in the last quarter of 2023 even though revenue growth remained solid.

Cargo business remains a drag, fueling concerns that the return to normal may be slower than expected due to the conflict in the Red Sea.

However, Ms Ada Lim, an analyst at OCBC Investment Research, expects SIA to post a record performance for the financial year to March 31 on the back of robust travel demand and its ramp-up in capacity since major economies reopened after Covid-19.

" Regional airlines have struggled with manpower shortages and other operational issues, which may allow SIA to enjoy higher-for-longer passenger yields vis-a-vis pre-Covid levels," Ms Lim said.

But whether people will spend more on travel depends on the economic outlook, and geopolitical tensions could pose further risks to oil prices and fuel inflation, she added.

" Nonetheless, we remain confident in SIA' s brand proposition and product innovation. In our view, SIA continues to hold long-term value in investors' portfolios, although there could be some share price volatility in the near term ahead of the full-year results release," Ms Lim said.

SIA released its third-quarter results on Feb 20, noting that the demand for air travel remained healthy.

Forward sales continued to be robust, underpinned by the demand for leisure travel during the school holidays and Easter peak in March and April 2024.

Passenger yields &ndash an indicator of revenue &ndash continued to come under pressure from increased competition.

" Heightened geopolitical tensions and economic uncertainty could also weigh on business sentiment and the demand for air travel. High fuel prices and inflationary pressures, as well as supply chain constraints, also present a more challenging operating cost environment globally for airlines," SIA noted.

Net profit grew 4.9 per cent to $659 million in the three months to Dec 31, 2023, while revenue rose 4.9 per cent to $5.1 billion, an all-time quarterly high.

It also noted that net fuel costs after hedging climbed 9.1 per cent.

The demand for air travel was led by a rebound in North Asia as China, Hong Kong, Japan and Taiwan fully reopened.

SIA and Scoot carried 9.5 million passengers in the quarter, up 29.4 per cent year on year. Passenger traffic grew 19.1 per cent, outpacing the capacity expansion of 17.9 per cent. As a result, its passenger load factor &ndash which indicates the capacity used &ndash improved by 0.8 percentage points to 88.2 per cent.

In contrast, revenue from cargo flows fell 35.1 per cent from a year earlier to $559 million.

SIA expects air freight volume to soften in the seasonally weaker January to March quarter, with continued pressure on yields.

DBS Group Research said SIA&rsquo s results were disappointing, noting the sequential decline in its earnings before interest, tax, depreciation and amortization as well as operating margins in a seasonally stronger quarter. Passenger yields for both SIA and Scoot also fell more rapidly than anticipated.

DBS expects SIA&rsquo s earnings to peak for the 2024 financial year as the carrier faces constraints in increasing capacity further and mitigating margin pressures.

Mr Ahmad Maghfur Usman, an analyst at Nomura, is keeping his buy recommendation on SIA, pegging the target price at $9.17 a share. He believes earnings per share will continue to grow, and that the stock is trading at a relatively cheaper level compared with pre-Covid-19.

The stock is also expected to offer an attractive dividend yield of 5 per cent for the 2024 fiscal year, he said.

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Ask SGX

Barcalo ( Date: 21-Feb-2024 17:08) Posted:

Then why dropped so much today?

Sin_Cos_Tan ( Date: 21-Feb-2024 16:45) Posted:

For the first nine months of the current fiscal year, the group' s revenue, operating profit and net profit have all reached new highs.
The group' s total revenue increased by 7.4% year-on-year to a new high of $ 14.244 billion.
Operating profit increased 8.7% to a new high of $2.163 billion,
Net profit surged 35% to $ 2.1 billion, setting a new high and exceeding $ 2 billion for the first time.

The group' s net profit in the first nine months has reached the level of the full-year net profit of the previous fiscal year.
Its current performance makes its full-year net profit likely to reach a new high.
~ Lianhe Zaobao
Translated by Google

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For the first nine months of the current fiscal year, the group' s revenue, operating profit and net profit have all reached new highs.
The group' s total revenue increased by 7.4% year-on-year to a new high of $ 14.244 billion.
Operating profit increased 8.7% to a new high of $2.163 billion,
Net profit surged 35% to $ 2.1 billion, setting a new high and exceeding $ 2 billion for the first time.

The group' s net profit in the first nine months has reached the level of the full-year net profit of the previous fiscal year.
Its current performance makes its full-year net profit likely to reach a new high.
~ Lianhe Zaobao
Translated by Google

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现财年首九个月，集团的营收、营业盈利和净利都创新高，
集团总营收同比增加 7.4％至 142亿 4400万元的新高，
营业盈利增加 8.7％至 21亿 6300万元的新高，
净利劲增 35％至 21亿元创下新高，并且是第一次突破 20亿元。

集团首九个月的净利已经达到上财年全年净利的水平，它目前的业绩表现，使它全年净利势将再创新高。
~ 联合早報

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FATABA ( Date: 21-Feb-2024 09:37) Posted:

SIA is definately on the path to recovery and load factor is stable . Fuel cost is main factor and SIA is now new to managing this /hedge.
W China opening and increasing travel from India ....2 major areas , SIA should be on path to recovery . latest qtr result have shown .

Again seem like some BB is pushing it down ....and I dont see why except short term profit . Many houses will be offering their analysis soon .
I think it will recover from this 60c down . DYODD

Sin_Cos_Tan ( Date: 21-Feb-2024 09:28) Posted:

Not true...

Sin_Cos_Tan ( Date: 07-Nov-2023 18:11) Posted:

STRONG DEMAND OVER SUMMER PEAK SEASON DRIVES RECORD HALF-YEAR RESULTS FOR THE SIA GROUP

Record load factors support highest-ever half-year operating and net profits

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Not true...

Sin_Cos_Tan ( Date: 07-Nov-2023 18:11) Posted:

STRONG DEMAND OVER SUMMER PEAK SEASON DRIVES RECORD HALF-YEAR RESULTS FOR THE SIA GROUP

Record load factors support highest-ever half-year operating and net profits

kt3152 ( Date: 21-Feb-2024 09:18) Posted:

Agreed. Drop mainly profit drop from Q1 and Q2 though still quite decent...

BinderyT ( Date: 21-Feb-2024 09:11) Posted:

Buy the rumour, sell the news. Results are good but stock has been running way ahead. Trading above TP for most analysts. I believe it will go up ahead if analysts upgrade.

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Net profit $2.1 Billion ($2,100 M)
Wow! $20000000000 for 9 months
Hrdly find Company in SGX with full year porfit more than $1 Billion

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SIA GROUP POSTS STRONG THIRD QUARTER NET PROFIT OF $659 MILLION WITH PASSENGER CAPACITY CLOSE TO PRE-PANDEMIC LEVELS
* Robust passenger demand drives record quarterly revenue of $5,082 million
* Record operating and net profits for nine months to December 2023
* Passenger yields under pressure as global capacity restoration leads to heightened competition
* Geopolitical and macroeconomic concerns, inflationary pressures, and supply chain constraints may pose headwinds to airline industry
https://www.singaporeair.com/saar5/pdf/Investor-Relations/Financial-Results/SGXNET/bu-q3fy2324.pdf

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Thank you for highlighting this point. No wonder SCI can' t give high dividend like KeppelCorp.錢不夠用
Net Current Liabilities meaning (CL > CA):
A company' s debts after
its current assets, CA (= assets that will be used or sold within 12 months) have been subtracted from its current liabilities, CL (= debts that must be paid within 12 months)

stockpicker ( Date: 20-Feb-2024 13:50) Posted:

The group is now running at a net liability of 770 millino for FY2023. It was running at net asset of 1.6 billion in which 1.4 was for sale. The current ratio has gone down from 0.8 in 1H23 ro now about 0.77. What should be the right figures for SembCorp?