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SIA revived
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stockpicker
Master |
22-Feb-2024 13:06
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There were 2 Candlestick gaps. One on 30 June 2023 and the other, yesterday as shown attached. The 30 June was caused by Temasek selling about $400 million SIA share but the gap was quickly convered up. This time, who sell? Will it be covered as fast? The gap seem to be a runaway gap but there were not bad news except for the not as good financial report.
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spore1
Supreme |
22-Feb-2024 12:32
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Testing 6.38-6.40 soon | ||||
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Battle123
Elite |
22-Feb-2024 12:29
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some people say big bird taking a rest If go below 650 mi gotta run away |
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Tob231
Elite |
22-Feb-2024 12:08
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day low 6.52 but was being rescued ..... 6.54 currently i too small to do anything. better sit back and watch if management don' t step in ... there will be more downside ... i think I am sure people will still travel ... now more chinese people are flying according to reports
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Tob231
Elite |
22-Feb-2024 12:02
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i think got hope. the knife might have landed on a foothold. hopefully not foot hole .... then you have to 保 重 right now the pilot is communicating with control tower mayday ! mayday! mayday let see if the management receive the distress signal and do something .... |
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BinderyT
Elite |
22-Feb-2024 11:40
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kenna sai ... told myself never try to catch falling knife and I went to do exactly that yesterday | ||||
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Tob231
Elite |
22-Feb-2024 11:05
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Thanks 1. Agreed .... it is time for a quick correction day low 6.53 and up 6.56 |
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mav1ryan
Veteran |
22-Feb-2024 10:14
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My personal opinion is that the support line is $6, the current price is overly inflated... | ||||
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Tob231
Elite |
22-Feb-2024 10:10
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someone please share the next support level ... the plane is going down fast 6.6 any kind soul please share ... |
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Tob231
Elite |
22-Feb-2024 10:03
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&ldquo 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,&rdquo 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. Not something major ... probably correction |
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Tob231
Elite |
22-Feb-2024 09:58
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even commando said " Sure bo? Haha" on a very serious note. can someone be kind enough to share what is happening ... why the sudden drop ???
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Tob231
Elite |
22-Feb-2024 09:45
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just look at how fast the knife is falling .... there could be more downside maybe should wait for sia management sbb .... will wait |
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Tob231
Elite |
22-Feb-2024 09:39
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有 一 个 " 知 已 知 彼 百 戰 百 胜 " Shortists also won' t for nothing short ... and kill themselves. 所 谓 无 风 不 起 浪 ..... might be too soon to go in .... where angels fear to tread ... too simplistic answer shortists want to kill themselves Just wait and see |
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Sin_Cos_Tan
Veteran |
22-Feb-2024 09:02
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知 已 知 彼 百 戰 百 胜  自 已 心 中 要 有 一 把 尺 DYODD
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seanpent
Supreme |
22-Feb-2024 09:00
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like 6.80/6.90 ?
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commando
Master |
22-Feb-2024 08:57
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Sure bo? Haha
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Sin_Cos_Tan
Veteran |
22-Feb-2024 08:50
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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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ruanlai
Elite |
21-Feb-2024 23:56
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Oversold today create opportunity to accumulate. Tmr should rebound back, shortlists doom liao. Dyodd |
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ThroneKingdom
Senior |
21-Feb-2024 17:14
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correction
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Sin_Cos_Tan
Veteran |
21-Feb-2024 17:13
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Ask SGX
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