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SIA
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SIA revived
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SQueeze
Master |
22-Jun-2020 07:50
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Me neither.
Flying is not Yet much good news to me, they will hardly be able to fill up anything at all. No point. $3.80 TP is not surprising to me.
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Trader130
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22-Jun-2020 02:15
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No earnings nia... Not corrupted ... why avoid ?
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MichaelSchenker
Master |
22-Jun-2020 00:30
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Guys, check your counters. I don' t know what happened at closing last Friday. Apparently there were heavy volume sell-down, possibly a few pips.  May be more, but I noticed SIA, SembCorpInd, SembCorpMarine, ST engg..... others not affected. It was really a last-minute throw-down. Does not look like knee-jerk. At closing there is not much we can do. Seems suspicious, maybe Monday can see a better picture? |
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CheeryVGoh
Supreme |
22-Jun-2020 00:15
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Better avoid for now.
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uiop1223
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21-Jun-2020 21:31
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Its just a number game. Moving liability to equity. Both are credit items
EPS will fall due to enlarge shareholders. SIA will have a much larger pool of shares issued. MCBs if not redeemed will result in massive dilution of shareholdings. Share price will fall and p/b will fall accordingly.
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Trader130
Supreme |
21-Jun-2020 21:17
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Good that SIA loss .. drop slowly pls 😃 😃 😃
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Trader130
Supreme |
21-Jun-2020 21:15
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I am starting buying Liao 😂 😂 😂 Pls drop to $2 🤣 🤣 🤣 🤗 🤗 🤗
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marketuncle
Veteran |
21-Jun-2020 21:13
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Sorry was busy before replying. Took a while to figure this out too. In scenario one, you are right that the conversion in 2030 won' t directly pull up the share price because no cash change hands anymore. The impact of the conversion actually happen on the balance sheet. MCBs on the liabilities will be moved to equity section and the net asset value (book value) should increase. In other words, price to book value will surge when all the MCB become new shares. Whether or not the SIA shares then will move up in tandem is another story.
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john_ric
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21-Jun-2020 19:03
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3) likely require further funding in fiscal 2022. (( meaning right issues. temesek unlikely to give more money) |
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CheeryVGoh ( Date: 21-Jun-2020 17:25) Posted:
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Supreme
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Ppl must learn from mistakes and not keep repeating them.
Trade with COVID-19 and DYODD
Supreme
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Trade with prudence and buy low sell high and DYODD
commando ( Date: 21-Jun-2020 17:58) Posted:
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Goldfinger ( Date: 21-Jun-2020 18:00) Posted:
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Supreme
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commando ( Date: 21-Jun-2020 17:58) Posted:
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Master
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...haha
CheeryVGoh ( Date: 21-Jun-2020 17:25) Posted:
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Supreme
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UOB Kay Hian downgrades SIA to ' sell'
Analyst K Ajith cites significant uncertainty over extent of cash burn, lowers target price to S$3.80
FRI, JUN 19, 2020 - 5:50 AM
 
UOB Kay Hian has downgraded Singapore Airlines (SIA) to " sell" from " buy" and lowered its target price on the stock to S$3.80 from S$4.35.
It recommended taking profit on the national carrier.
SIA shares closed at S$4.07 on Thursday, down S$0.06 or 1.5 per cent.
 
UOB Kay Hian analyst K Ajith said in a research note on Thursday that there is significant uncertainty over the extent of the decline in traffic and load factors and, consequently, the extent of cash burn.
The brokerage has raised its year-on-year traffic decline estimate to 58 per cent from 45 per cent. It has also increased its fiscal 2021 net loss estimate for SIA to S$1.64 billion from S$1.26 billion.
Although flight frequencies and the number of destinations are expected to go up in June and July, Mr Ajith said there is " no reason to cheer" as Singapore' s borders are effectively closed, with mandatory Covid-19 testing and stay-home notices for returning travellers.
" We also believe that border restrictions will only be gradually opened and will focus on ' travel bubbles' corridors in Australia and parts of South-east Asia," he added.
Moreover, fears of a new Covid-19 outbreak in Beijing could dampen " nascent recovery" in China' s domestic sector, delaying a much-needed recovery in outbound traffic.
The report also noted that unless SIA defers some of its aircraft deliveries, it will likely require further funding in fiscal 2022.
" SIA has to push back scheduled pre-delivery payments or else the S$8.8 billion in rights and mandatory convertible bonds proceeds might run out by end-FY2022," Mr Ajith said.
However, airline manufacturers are reluctant to delay deliveries and have threatened lawsuits on some airline customers, highlighting immense pressure airlines face due to large capital expenditures (capex) and a dearth of cash flow.
SIA had earlier guided for S$11 billion in capex for FY2021-2022. UOB Kay Hian estimates the carrier would have S$4 billion in debt and lease repayment due by FY2022.
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I would rather stay at home, if I have a mild COVID, than be stuck in hospital with other more serious COVID cases. Or check myself into a nice 5 star luxury hotel of my own choosing, AT MY OWN EXPENSE.
uiop1223 ( Date: 21-Jun-2020 16:09) Posted:
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And the day that a vaccine and cure is developed, is getting more and more closer. In fact, it would be a national trophy and national treasure - if you find the first cure and vaccine. Many brilliant scientists and teams are working on overdrive, to find this.
uiop1223 ( Date: 21-Jun-2020 16:09) Posted:
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Goldfinger ( Date: 21-Jun-2020 10:36) Posted:
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Supreme
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It'll be one fine day but not this year. We still yet to see a normal economy without quarantine in the world.
Can SIA make enough profits this year to cover their losses?
Don't throw all your hard earned money in.
Trade with caution no contra no short and DYODD
Trader130 ( Date: 21-Jun-2020 10:01) Posted:
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Wasim_Trade ( Date: 21-Jun-2020 10:28) Posted:
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