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SIA revived
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kcowen
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29-Jul-2020 20:03
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this is the worst quarter  (Mar-Jun) it shld be right? future wont be so bad as recovery started although still slow now. in short term, no one knows what will happen.  |
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investor999
Elite |
29-Jul-2020 20:03
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At least you are careful Banks already sold off before earnings can out. They bascially took profit from the rights they exercised.  The traded shares are less than 0.05% of shareholders. Major shareholders are not doing anything. The first time SIA was shorted down to 3.53 was because shortists were able to buy the rights to cover shorts. Hence the short cover was more or less guaranteed. The time the short sellers were able cover back at 3.53 because the banks had been selling continuously. I know the seller came from Banks because I bought at 3.53 today ( seller = Citibank) The last few trading sessions had been easy short target as the price always open high and close low. The next few sessions I am not sure now. Maybe we can open 3.53 and close at 3.50? Or maybe not. There were many buyers ( AKA short sellers waiting to cover shorts )  So if you short down, they cover their shorts but who is selling to you to cover yours? CFD works because brokers had other people' s outstanding shares to lend you before they pick up their shares. Going by mood now, there may not be many force selling for you to cover shorts. Many are picking up shares to prevent losses Take care  
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michaeltan
Master |
29-Jul-2020 19:53
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Let us short tomorrow to $3.00 ...$2.50 ...$1.50 Lol!
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FreedomAngelz
Veteran |
29-Jul-2020 19:51
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Waiting for $2 SIA, got CPF fund to deploy...I still remember my last SIA stock purchase was $10.50...how thing change quickly with a virus outbreak | ||||
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SQueeze
Master |
29-Jul-2020 19:38
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As much as it pains me as I know a few SIA employees, unfortunately this pandemic might have caused a structural damage and transformation to the industry.  The company really needs to do that hard decision to reduce staffing and renumeration just like other airlines and other industries.  And sell and retire planes. Need to downsize and focus on key markets only.  Need to refocus. Either now or it may be too late.    |
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des_khor
Supreme |
29-Jul-2020 19:34
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Very irresponsible management ! Burning shareholders money ...
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JerryMaple
Veteran |
29-Jul-2020 19:28
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They should start your retrenchment.. Employee will start to take things for granted if there are always infinite supports. Other sectors has already started retrenching their staff long ago.. Kinda of irresponsible if they still getting paid big bucks at the expense of the government and shareholders.. | ||||
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vicloo
Supreme |
29-Jul-2020 19:21
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See if 3.5 line still intact tmr.
https://www.channelnewsasia.com/news/business/singapore-airlines-first-quarter-1-billion-net-loss-covid-19-12973458 |
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AlanJpe
Member |
29-Jul-2020 19:14
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Tomorrow SIA will sell 3 or 10, 3 shares for $10. Then 1 month later, 4 for 10, 4 shares for $10.
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uiop1223
Supreme |
29-Jul-2020 19:14
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Honestly we dont need SIA bitches to go round and serve as ambassador. Retrench them and let them find jobs. | ||||
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des_khor
Supreme |
29-Jul-2020 19:09
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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NS
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des_khor
Supreme |
29-Jul-2020 19:07
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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How much more losses will
It be if without ah kong 75% wages support? |
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uiop1223
Supreme |
29-Jul-2020 19:07
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Why will Temasek destroy shorties? Very naive to think shortists push down shares. It the performance of the company. It needs to set aside money for next round of MCBs. Maybe Ho Ching can donate salary to support SIA?
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AlanJpe
Member |
29-Jul-2020 18:59
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1Q over 1b lost! 2Q and 3Q will be worse. IATA predit traffice will not recover till 2024. Still no retrenchments? Keep so many staffs for what? Management either sleeping on the job or don't even bother about the shareholders!
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SinglePore
Member |
29-Jul-2020 18:55
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Thank you for shareholders who took the right issue.  SIA has a lot of money from you to burn.  Airlines is still in doldrum for the next 3-4 years, according to the press release.  By that time, there will be more right issue.  Shareholders are ATM machine, ready to withdraw any cash. 
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7ocean
Master |
29-Jul-2020 18:54
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Wow.. pian... ! billion Loss...zhi pai tio ho sai liow
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KiasiGuy
Veteran |
29-Jul-2020 18:49
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SIA is priority. Even Lee Hsien Liong said that. Thread carefully.
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JerryMaple
Veteran |
29-Jul-2020 18:40
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Maybe if the situation gets worse,they might privatise it..TH is big but banks,institutional and retailers add up will be bigger than TH ..TH got other headaches as well..
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KiasiGuy
Veteran |
29-Jul-2020 18:30
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I have no SIA share but careful when you short this share. I have a feeling Temasek may one time big big buy up this share once it has been shorted sufficiently and destroy shorties. | ||||
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ss2017.
Supreme |
29-Jul-2020 18:26
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I used to think that price will be capped at 3.50. Look at today performance, now when I look at future earning, it is quite gloomy, more qtrly losses expected, high operating costs in this high cost city , I just watch it. No more prediction for now. | ||||
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