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SIA revived
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Starship
Supreme |
31-Jul-2020 18:48
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Is this becoming a Circus Airline filled with Clowns?    Air Line Pilots Association disagrees with SIA' s cost-cutting measures THU, JUL 30, 2020 - 9:29 PM UPDATED FRI, JUL 31, 2020 - 1:02 AM THE Air Line Pilots Association, Singapore (Alpa-S) disagrees with the new measures implemented by Singapore Arlines (SIA) on pilots to slash costs, and will be taking the matter up to the Ministry of Manpower (MOM) in the coming days, the union said in a newsletter to members on Thursday evening. But the Singapore Airlines Staff Union (SIASU) and the Air-Transport Executive Staff Union (AESU) are understood to be on board with the company. SIA will offer a Covid-19 special early-retirement scheme for all ground staff and pilots next week, as announced in a memo to staff seen by The Business Times. Employees aged 50 and above, with at least 15 years of service and up to the level of divisional vice-presidents, are eligible for it. Alpa-S wrote in the newsletter that it had not been consulted on the special early-retirement scheme before the meeting with the company on Thursday morning. Its representatives had also given their feedback on the " ineffectiveness of the special early-retirement scheme, with the disappointing quantum offered as a result of the payout cap" . But SIA still went ahead with the offer, with the addition of prorated annual wage supplement and owed profit-sharing bonus (0.5 months to be paid in Jan 2021) to the original scheme, wrote Alpa-S. https://www.businesstimes.com.sg/companies-markets/air-line-pilots-association-disagrees-with-sias-cost-cutting-measures |
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vicloo
Supreme |
31-Jul-2020 17:25
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Good news
Tough times for SIA, but analyst says it may be in better position than its peers https://www.cnbc.com/2020/07/31/singapore-airlines-outlook-is-tough-but-may-be-in-better-position-than-peers.html?__source=androidappshare |
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ss2017.
Supreme |
31-Jul-2020 17:18
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When a company is making losses, we don't talk about its share price. The focus should be on how you would want to protect against further losses as a share holder. The company can take care herself well. Now I find that SIA clumsiness sets in.
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vicloo
Supreme |
31-Jul-2020 16:21
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Thats only mean... They are thinking next 2 future quarters could lose 1b each quarter... What is consider a fair value of sia shares if going to lose 1-3 more Bs down the road.... 1 or 2 or 3 dollars per shares...
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SQueeze
Master |
31-Jul-2020 16:10
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Wow. Citibank was $2 ... Now it' s $50. For SIA, i feel it is critical national infrastructure and is critical to the entire Singapore' s economic system. It will not be let to fail. If it fails, Singapore fails as a country. We depend so much on the world and connectivity to the world is critical. It has higher survival chance also because other airlines will fail first such as MAS, TG, even Air Asia. Competition will be lesser. Only the strongest and fittest will survive. SIA' s chance to survive is there, but I think they have not taken enough hard actions rationally - the reality is for the aviation industry, this crisis is going to be minimum 2 years, and now they even make it known no return to normalcy until 2024. No way that you can carry all the staff until then. Some lay-offs should be inevitable. Other airlines are doing it. Other industries are doing it. Why not SIA. Personally, i think the price is getting attractive but I am staying away from it, because even if this is the bottom, it is going to just range within the band for a year or two at least. Money can work harder in other counters. Earlier a few weeks back, I thought may be the U-shape bottom is coming, but after they said they could only recover 50% by next March, then the situation is really jialat and if they don' t remove their baggage, then I think it' s really not right. They have to face it, and the share price will show it, it will not be a U-shape, it will be a flat-bottomed drain channel. $3 may be the bottom but it will just range for a very very long time. if buy now, can, but don' t look at it again until 2026. In 4 years, human behaviour will change also, this situation is transformative just like when smart phones entered the marked. Cannot assume what it was before would be the same. For example a portion of business travel will not be backbut leisure travel will. They have to redo their cabins from the front heavy to the middle heavy. They really need to start afresh from the drawing board. Or else it will continually be a sinking ship if trying to live its former life. Better take some serious self-introspection, and transform before it' s too late.
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josemmm123
Master |
31-Jul-2020 16:05
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when time is bad, all bad news + shortist out. Those playing with shares and have gone thru the lehmen brother crisis in 2009 will know. Tat time OSIM went down to 5 cents. Everyone said Retail is gone bla bla bla. All painted a very dark, bleak situation. After economy recovers from crisis 1-2 year later. OSIM shoot up to $1.50 and then continue to rise till > $2 :) Now happens to many counters.. Once Covid over, the share price will rocket many times
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KiasiGuy
Veteran |
31-Jul-2020 16:01
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You mean you only know they gonna lose billions after reading straits times few days ago. You think those funds with the top mind managing dunno About this before the financial report is out? Why do you think the rights issue and MCB? Why do you think the share price is where it is now? Shouldn?t it be $8 before the financial report is out?
This is all panic selling and people using This panic to short.
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vicloo
Supreme |
31-Jul-2020 15:55
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1 small correction is not millions of dollars is 1.1B loss last quarter, that's "1 thousand & 1 hundred millions" or 1100 millions loss in just 3 mths.
https://www.straitstimes.com/business/companies-markets/singapore-airlines-report-record-1123-billion-loss-in-q1-reviewing-shape?utm_source=STSmartphone&utm_medium=share&utm_term=2020-07-31+15%3A52%3A11
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investor999
Elite |
31-Jul-2020 15:33
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Everything is so clear but people choose to be influenced by all these talks.
FACTS
1) SIA will survive the pandemic because it is important for Singapore.
2) Majority shareholder is Temasek..It had the option to pick up rights that were not taken up by other shareholders..They did not have to pick up the rights as all were fully subscribed. This option should remain open for Temasek to buy up all SIA shares from $3 and below. You want to buy at $2??? $1.5 ???
3) There are many interested parties ( shareholders)..Liquidity is huge. It is very easy to move the share price as no borrowing of shares is necessary. When you see 20 millions traded, it was only due to switching of shares from one side to the other. Shareholders can be long and short at the same time.
4) Share financing is ranging from 50% to 80%..Margin financing and CFD very susceptible to huge price changes..Hence there is always margin calls.
5) As the price goes lower and lower more and more people are trapped but this also means the shares are getting very well distributed.
6) Most important of all: Don't underestimate the financial power of ordinary Singaporeans..Millions of dollars not a problem.
WHATEVER YOU DO, DON'T GET CAUGHT ON THE WRONG SIDE
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KiasiGuy
Veteran |
31-Jul-2020 15:27
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No . I reassure him doesn?t mean I agree with him and I did not buy SIA. Maybe after the sell down I will. I actually do not understand why he bought SIA share. Got medical share , work from home related share etc to buy but he want to buy SIA zzz just want to reassure him he will definitely get his money back eventually. However , he should have been more greedy and went for others. Even SATS is better since other airlines will still use Changi airport as a hub.
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vicloo
Supreme |
31-Jul-2020 15:13
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But hard to predict what is lowest point b4 an effective vaccine come onboard and mass air travel resume again... I think likely by nov20-mar21 period... And what will be the bottom price for sia maybe around oct-nov to hit rock bottom.
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josemmm123
Master |
31-Jul-2020 15:12
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The only hope is Biden wins election and he conducts a concerted effort by all countries to tackle covid and hopefully vaccine can be found. One day when the news of vaccine found, many counters including SIA may just shoot up 100% in a day | ||||
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uiop1223
Supreme |
31-Jul-2020 14:18
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U guys still dont get it. Govt will not let it collapse but it doesnt mean share price will be supported. Understand? Or still dont understand? No wonder CCS says singaporeans are suckers. Got investor999 & KiasiGuy. 🙋 🏻 🙋 🏻 Go guys, raise your hands | ||||
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KiasiGuy
Veteran |
31-Jul-2020 14:11
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You don?t worry. SIA is safe. SIA stands for Singapore aviation hub, business financial center, air transport hub, tourism hub and everything Singapore is. It has the backing of Temasek, MAS, GIC etc
In 2008 I bought Citibank for USD$2. Everyone say it is going to end up like Lehman brother. I scared until I sold at $4. Dun listen to these people. Keep a cool head and think. Our minister of transport already said the entire government t priority now is to reinstate our aviation hub Status- straits times 30th July 2020
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honesty
Master |
31-Jul-2020 13:08
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without prejudice, heard that lots of pte properties owned by pilots some own several for passive income and capital gains over several years, n could be why pte properties prices keep going up, good for them to reflect sell the extras and live spartanly. early retirement and pay cuts should be the way to solve this huge loss and more losses.Need LKY to handle as what he did on the pilots union.
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Maller
Elite |
31-Jul-2020 12:53
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Now going to be same prlce as SATS? Byw, anyone knows how sats keep their operating and running costs this period. They have money? Dyodd | ||||
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dcools
Senior |
31-Jul-2020 12:32
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if I r young it's ok for u to average down all the way. but if you are old or retired. be more prudent in your investment. Sia May just like chartered semiconductor been sold cheaply. | ||||
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investor999
Elite |
31-Jul-2020 11:38
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In case you are wondering, I am still buying and will continue to average down. Well at least I am not making money from people who cut loss and made losses of 30K to 100 K Your losses have gone to you people who the shares down. I don' t like to these blood monies
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investor999
Elite |
31-Jul-2020 11:30
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Why are you looking for me? This forum is useless |
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uiop1223
Supreme |
31-Jul-2020 10:52
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Very good for shortlists 😁 🥳 🥳 🥳
Wheres Investor999?
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