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Jesmar Master	24-Mar-2020 10:33        Jesmar About Contact  Quote this Post!
x 0   x 0  Alert Admin	CEO cut big few thousands.....my friend executive $22,000/- cut to $18,000/- only pm.....he say die kok standing.......we easy sip kopi....wait to huat ah!!! Happy trading folks!!! Joelton      ( Date: 24-Mar-2020 09:23) Posted: Bigger salary cuts for SIA' s management, compulsory no-pay leave to be rolled out for staff MON, MAR 23, 2020 - 6:03 PM With the airline industry flying into heavy turbulence, Singapore Airlines (SIA) is initiating deeper pay cuts for its management team, while introducing compulsory no pay leave (CNPL) on certain days each month for pilots, executives and associates. According to an internal message to staff seen by  The Business Times, chief executive Goh Choon Phong will now be taking a salary cut of 30 per cent from April 1, up from 15 per cent previously. Executive vice-presidents and senior vice-presidents will take cuts of 25 per cent and 20 per cent respectively. Meanwhile, SIA' s board members are now taking a 30 per cent cut in fees in solidarity with senior management. And from May 1, salary cuts for divisional vice-presidents (DVPs) and VPs will go up to 12 per cent, while an earlier pay cut of five per cent for senior managers and managers is being brought forward by a month to April 1, before increasing to 10 per cent from May 1. " We have also reached agreements with our unions for a set of cost-cutting measures," Mr Goh told staff in the internal memo seen by BT. " These include voluntary no-pay leave for all staff up to DVPs, varying days of compulsory no-pay leave each month for pilots, executives and associates, as well as furlough for staff on re-employment contracts." All in, about 10,000 staff will be affected by this. The airline industry has been hit hard as countries around the world tighten their borders  to arrest the spread of the Covid-19 pandemic. In Singapore, the authorities will close the border to tourists and transit traffic from 11.59pm on Monday. https://www.businesstimes.com.sg/companies-markets/bigger-salary-cuts-for-sias-management-compulsory-no-pay-leave-to-be-rolled-out
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TA_Expert Supreme	24-Mar-2020 10:30        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Let see what he says on Thursday. If there is some sort of relief package for SIA, you will see short covering back. Observers      ( Date: 24-Mar-2020 09:53) Posted: DPM already hinted the word " viable" TA_Expert      ( Date: 24-Mar-2020 01:19) Posted: Surprised that Boeing has seen buying interest after lost 2/3 of its value within 2-3 weeks. Many people are thinking that the US govt will bail out Boeing. Therefore, SIA will be bailed out the govt eventually. SIA is too big to fail. Let see DPM' s announcement on Thursday. Till then, the share price won' t reach $2 as short sellers are worried about the potential bailout plan by the govt.
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Observers Elite	24-Mar-2020 09:57        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why the rush to inject cash? Almost all countries still on lockdown. If really pushed against the wall, must as well ask the fuel hedge brokerages to join the line with the bank and bondholders as creditors. yamseng      ( Date: 23-Mar-2020 23:07) Posted: https://research.sginvestors.io/2020/03/singapore-airlines-sia-uob-kay-hian-research-2020-03-23.html?m=1 watch out the fuel hedge, SIA could incur about $2.5b in marked to market losses by end-March, which implies a $2.10/share reduction in book value i think by Mid April, it could break $3  i think Tesemak will only inject cash for more shares when it hit below $3, less cash for more shares
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Observers Elite	24-Mar-2020 09:53        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	DPM already hinted the word " viable" TA_Expert      ( Date: 24-Mar-2020 01:19) Posted: Surprised that Boeing has seen buying interest after lost 2/3 of its value within 2-3 weeks. Many people are thinking that the US govt will bail out Boeing. Therefore, SIA will be bailed out the govt eventually. SIA is too big to fail. Let see DPM' s announcement on Thursday. Till then, the share price won' t reach $2 as short sellers are worried about the potential bailout plan by the govt.
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HTHT1989 Senior	24-Mar-2020 09:38        HTHT1989 About Contact  Quote this Post!   Yells: "Huat ah!"
x 0   x 0  Alert Admin	very sadly I' m doing the same to cut loss. Sell some on each rebound, buy again when it falls below 5.. yamseng      ( Date: 24-Mar-2020 09:28) Posted: opportunity to sell on every rebound !!
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yamseng Supreme	24-Mar-2020 09:28        yamseng About Contact  Quote this Post!
x 0   x 0  Alert Admin	opportunity to sell on every rebound !!
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Joelton Supreme	24-Mar-2020 09:26        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	SIA confirms 96% capacity cuts, grounding 138 planes MON, MAR 23, 2020 - 9:52 AM    UPDATED MON, MAR 23, 2020 - 11:47 AM SINGAPORE Airlines (SIA) on Monday announced it is cutting 96 per cent of its planned capacity originally scheduled up to end April given further tightening of border controls around the world over the last week. It is also exploring ways to increase liquidity and reduce capital expenditure and operating costs amid the ongoing Covid-19 outbreak, it said in a statement. The announcement  confirms an earlier  Business Times  report  that the national carrier is studying the possibility of storing some of its planes. The fresh cuts will result in the grounding of around 138 SIA and SilkAir aircraft, out of a total fleet of 147, SIA said. Its low-cost unit, Scoot, will also suspend most of its network, grounding 47 of its fleet of 49 aircraft. SIA described the situation as &ldquo the greatest challenge that the SIA group has faced in its existence&rdquo . https://www.businesstimes.com.sg/companies-markets/sia-confirms-96-capacity-cuts-grounding-138-planes
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Joelton Supreme	24-Mar-2020 09:23        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bigger salary cuts for SIA' s management, compulsory no-pay leave to be rolled out for staff MON, MAR 23, 2020 - 6:03 PM With the airline industry flying into heavy turbulence, Singapore Airlines (SIA) is initiating deeper pay cuts for its management team, while introducing compulsory no pay leave (CNPL) on certain days each month for pilots, executives and associates. According to an internal message to staff seen by  The Business Times, chief executive Goh Choon Phong will now be taking a salary cut of 30 per cent from April 1, up from 15 per cent previously. Executive vice-presidents and senior vice-presidents will take cuts of 25 per cent and 20 per cent respectively. Meanwhile, SIA' s board members are now taking a 30 per cent cut in fees in solidarity with senior management. And from May 1, salary cuts for divisional vice-presidents (DVPs) and VPs will go up to 12 per cent, while an earlier pay cut of five per cent for senior managers and managers is being brought forward by a month to April 1, before increasing to 10 per cent from May 1. " We have also reached agreements with our unions for a set of cost-cutting measures," Mr Goh told staff in the internal memo seen by BT. " These include voluntary no-pay leave for all staff up to DVPs, varying days of compulsory no-pay leave each month for pilots, executives and associates, as well as furlough for staff on re-employment contracts." All in, about 10,000 staff will be affected by this. The airline industry has been hit hard as countries around the world tighten their borders  to arrest the spread of the Covid-19 pandemic. In Singapore, the authorities will close the border to tourists and transit traffic from 11.59pm on Monday. https://www.businesstimes.com.sg/companies-markets/bigger-salary-cuts-for-sias-management-compulsory-no-pay-leave-to-be-rolled-out
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yamseng Supreme	24-Mar-2020 09:12        yamseng About Contact  Quote this Post!
x 0   x 0  Alert Admin	agreement with the union to cut pay for all the staff, can it work to reduce the running cost? still got to pay a high salary to pilots even without flight schedule, how long can it last?
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Jesmar Master	24-Mar-2020 08:05        Jesmar About Contact  Quote this Post!
x 0   x 0  Alert Admin	T5 now on hold.... think we spending too much on airport fattening the pay of those at CAG for a burden... Time to restrategise... shld spend more on E commerce instead.... easy sip kopi... Huat ah!!! Happy trading folks.
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Justice888 Supreme	24-Mar-2020 08:01        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So even if they drop by same % i will still Long uob and not SIA. But then confirm SIA will survive this ordeal . Jobs will still be kept . Which is good. Sgvale      ( Date: 24-Mar-2020 07:56) Posted: Yes. SIA more seriously impacted. Planes grounded with no domestic flights. A Co.almost shut down & standstill but there are staff, maintenance etc running cost. Justice888      ( Date: 24-Mar-2020 07:37) Posted: If uob drop 34% SIA drop $40% I will Long uob instead of SIA. Don?t pin on ah gong help. No matter wat need to pay off and the losses will affect the co mkt value . Last but no least ... Sembcorp marine is a good example . I used to think it is gov link . So is safe won?t die ...in the end lose money . When Sembcorp industry loan Marine. Marine share price chiong ip to $1.40, But look at the share price now. . Yes the co will survive . But not the share price la.
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Jesmar Master	24-Mar-2020 07:57        Jesmar About Contact  Quote this Post!
x 0   x 0  Alert Admin	We will b there to support at $2/- w the recital of National pledge... We luv Singa... easy sip kopi... Huat ah!! Happy trading folks. Goldfinger      ( Date: 24-Mar-2020 07:54) Posted: Hard to justify to the SG public a Government bailout when during the good times, SIA did not share the good cheer with Singaporeans through fare discounts.  It would make many people angry.  There is no justification to support the share price now nor to do a bailout.  They should just let SIA fail and let another company restructure and take over.  It is not a rule anymore that every country needs a national owned airline.  The private sector is able to step up to the needs.
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Sgvale Supreme	24-Mar-2020 07:56        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes. SIA more seriously impacted. Planes grounded with no domestic flights. A Co.almost shut down & standstill but there are staff, maintenance etc running cost. Justice888      ( Date: 24-Mar-2020 07:37) Posted: If uob drop 34% SIA drop $40% I will Long uob instead of SIA. Don?t pin on ah gong help. No matter wat need to pay off and the losses will affect the co mkt value . Last but no least ... Sembcorp marine is a good example . I used to think it is gov link . So is safe won?t die ...in the end lose money . When Sembcorp industry loan Marine. Marine share price chiong ip to $1.40, But look at the share price now. . Yes the co will survive . But not the share price la. Justice888      ( Date: 24-Mar-2020 00:00) Posted: Actually not just airlines. Other industries also drop alot .., ytd uob drop 34% SIA drop 40%.. only 6 % difference ...
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Goldfinger Supreme	24-Mar-2020 07:54        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hard to justify to the SG public a Government bailout when during the good times, SIA did not share the good cheer with Singaporeans through fare discounts.  It would make many people angry.  There is no justification to support the share price now nor to do a bailout.  They should just let SIA fail and let another company restructure and take over.  It is not a rule anymore that every country needs a national owned airline.  The private sector is able to step up to the needs.
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investshare Supreme	24-Mar-2020 07:52        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ceo only cut pay 30%, some more start Apr. Means next week he still get full mar pay.
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Jesmar Master	24-Mar-2020 07:49        Jesmar About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is a goner... sell on any pop... near term will go below $5 and slowly drift towards $2/-.....dividend will b cut heftily mayb no dividend... Big overhaul ahead... Easy sip kopi... Huat ah!! Happy trading folks.
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Justice888 Supreme	24-Mar-2020 07:37        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If uob drop 34% SIA drop $40% I will Long uob instead of SIA. Don?t pin on ah gong help. No matter wat need to pay off and the losses will affect the co mkt value . Last but no least ... Sembcorp marine is a good example . I used to think it is gov link . So is safe won?t die ...in the end lose money . When Sembcorp industry loan Marine. Marine share price chiong ip to $1.40, But look at the share price now. . Yes the co will survive . But not the share price la. Justice888      ( Date: 24-Mar-2020 00:00) Posted: Actually not just airlines. Other industries also drop alot .., ytd uob drop 34% SIA drop 40%.. only 6 % difference ... yamseng      ( Date: 23-Mar-2020 23:57) Posted: will expect blow after another blow if some of the Airlines start declaring bankruptcy many opportunities to short Airlines
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mrwise Supreme	24-Mar-2020 07:36        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Likely $2 soon..how can use taxpayer money to help ??? Just like hyflux.. Today is a good day for short seller to shoot this down further.....
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cheongweevictor Supreme	24-Mar-2020 04:24        cheongweevictor About Contact  Quote this Post!
x 0   x 0  Alert Admin	Trading  of  Boeing' s  shares has been  halted  as the company announces it will suspend production in the Puget Sound region of Washington state for at least two weeks. ... Staffers who cannot work from home will receive 10 days of paid leave,
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TA_Expert Supreme	24-Mar-2020 01:19        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Surprised that Boeing has seen buying interest after lost 2/3 of its value within 2-3 weeks. Many people are thinking that the US govt will bail out Boeing. Therefore, SIA will be bailed out the govt eventually. SIA is too big to fail. Let see DPM' s announcement on Thursday. Till then, the share price won' t reach $2 as short sellers are worried about the potential bailout plan by the govt.
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