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SIA revived
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Huataarrhh
Senior |
16-Aug-2024 09:30
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UOB Kayhian report Singapore Airlines (SIA SP) Weaker-than-expected Pax Load Factor A Sign Of Increased Competition SIA&rsquo s Jul 24 pax load factor dropped to below pre-pandemic levels for the first time since Singapore&rsquo s reopening, although pax capacity supply was still slightly below prepandemic levels. Pax load factor also dipped mom despite July typically being a seasonally stronger month than June. The weaker-than-expected pax load factor could be a sign of increasing competition. Downgrade SIA to SELL with a lower target price of S$5.71, based on 1.09x FY25F P/B (pegged to its historical mean).  |
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Mark001
Veteran |
16-Aug-2024 09:04
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For July performance If look at it individually, its performance is very average. If comparatively, it should be below average. just my own opinion.
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SgYuan
Supreme |
16-Aug-2024 08:52
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SGX Penny Stocks (EW Charts by sgYuan):
sia day dn 14.6 708 breakdn dn 38.2 697 breakdn wc dn 596 hit 586 and uturn SgYuan: sia day wa up 61.8 665 is too far up 24.6 617 hit 219 possible wb dn dn 14.6 614 breakdn dn 61.8 599 must not breakdn if hold wa or wb up continues |
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MrBear12
Supreme |
16-Aug-2024 08:41
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Seems to be improving. But these stats need to be compared with other airlines stats to determine whether good or not. Airline performance is relative.  
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Mark001
Veteran |
16-Aug-2024 08:37
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Are the reported July results good, average or poor? Today' s stock market will give the answer.
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Sin_Cos_Tan
Veteran |
16-Aug-2024 08:18
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JULY 2024 OPERATING RESULTS In July 2024, the Singapore Airlines (SIA) Group' s passenger traffic grew by 3.6% from a year before, while passenger capacity increased by 8.7%. SIA and Scoot carried 3.2 million passengers in total during the month (+6.7% year-on-year). The Group passenger load factor (PLF) came in at 85.6%, with SIA and Scoot posting monthly PLFs of 84.7% and 88.9% respectively. SIA experienced lower load factors for East Asia route region notwithstanding robust growth in passenger traffic, due to the substantial capacity expansion in North Asia. Cargo loads rose by 18.5% from the previous year, supported by robust e-commerce demand, some demand spillover resulting from disruptions to sea freight, and port congestion. This outpaced the capacity expansion of 8.2%. Consequently, cargo load factor came in at 57.4% (+5.0 percentage points year-o--year). At the end of July 2024, the Group' s passenger network1 covered 125 destinations in 36 countries and territories. SIA served 78 destinations, while Scoot served 69 destinations. The cargo network1 comprised 129 destinations in 37 countries and territories. https://www.singaporeair.com/content/dam/sia/web-assets/pdfs/about-us/information-for-investors/operating-statistics/opstats-jul24.pdf   |
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Sin_Cos_Tan
Veteran |
15-Aug-2024 12:27
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https://links.sgx.com/1.0.0/corporate-announcements/L5QXWHR6DGW7QWJL/a876da7eb873df5e9757e31e726e3e925d2e2d8ba66b6134f67a0d3dfe0e9ea8  
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elisa28
Master |
15-Aug-2024 12:12
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03:34 AM EDT, 08/13/2024 (MT Newswires) -- Singapore Airlines (SGX:C6L) repurchased 500,000 shares in the open market on Monday for SG$2.9 million, according to a same day filing with the Singapore Exchange. The company has been authorized to buy back around 149 million shares. To date it has bought back 3,500,000 shares.
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Sin_Cos_Tan
Veteran |
15-Aug-2024 12:01
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SIA shares buy back since 1/8/24 -  4M shares  .   |
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BinderyT
Elite |
15-Aug-2024 11:49
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if it holds 6.13, next level is 6.28. best of luck :)
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elisa28
Master |
15-Aug-2024 11:04
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Maybe, you can buy back when there is a pull back. Daily and weekly chart is showing positive sign of up trend  only hourly chart is showing over bought..
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BinderyT
Elite |
15-Aug-2024 10:10
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Sold.   Already reached 1st fib retrace.   Shall not push my luck.
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elisa28
Master |
15-Aug-2024 10:03
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Now 6.17. Buyers are in for the uptrend. Macd is showing cross over and RSI is making u turn from the bottom. | ||||
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ruanlai
Elite |
14-Aug-2024 13:54
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Yesterday SBB @5.89 has given the market confidence to bottom up.
Above $6 series from today, SIA up up all the way. It?s the great way to fly. Dyodd |
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elisa28
Master |
14-Aug-2024 11:20
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Making a U -turn up to close gap. Short sellers beware. 
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Mark001
Veteran |
13-Aug-2024 15:00
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I personally feel that the current price is close to the bottom line. Take your own responsibility.
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BinderyT
Elite |
13-Aug-2024 13:27
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Bought at 5.90 yesterday.   I think 5.88/5.89 is bottom and should gradually recover (I hope). | ||||
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Sin_Cos_Tan
Veteran |
13-Aug-2024 12:35
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SIA to increase flights to key cities from March to October 2025 amid higher demandhttps://www.channelnewsasia.com/singapore/singapore-airlines-flights-milan-rome-ho-chi-minh-city-barcelona-4541846  |
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Mark001
Veteran |
13-Aug-2024 08:56
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My opinion is roughly the same.
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BinderyT
Elite |
12-Aug-2024 16:49
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Har?   U mean the opposite?
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