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SIA revived
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Barcalo
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31-Oct-2023 08:56
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Good opening today. | ||||||||
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Startsmm
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30-Oct-2023 13:15
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兄 弟 ， 夠 了 | ||||||||
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Sin_Cos_Tan
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30-Oct-2023 10:18
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有 这 种 始 做 俑 者 披 著 羊 皮 的 狼 =gostan的 存 在 ， 唯 恐 天 下 不 乱 。 到 处 惹 是 生 非 ！ 始 做 俑 者 就 是 这 只 披 著 羊 皮 的 狼 =gostan=many more... 所 說 的 就 是 它 自 己 ！ 它 自 己 诚 認 卖 了 某 股 就 靜 靜 跑 路 不 要 回 来 讲 ...pump and dump and run (repeat again and again)。 。 。 我 揭 穿 它 的 monkey business行 为 ... 不 久 它 就 删 除 该 帖 子 gostan 一 定 是 brain jeep water or eat shit as Sin_Cos_Tan NOT= Adrianninsing & many more... |
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pikachu
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30-Oct-2023 06:29
Yells: "Holy Cow!" |
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Why always so many arguments | ||||||||
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civicavantae
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27-Oct-2023 16:54
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Looks like reversing back again ☹ ️ | ||||||||
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RL16EGG
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26-Oct-2023 18:32
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At current price 6.21, book value (assume it holds at 5.78) will give p/b 1.07. Attractive. But the earnings outlook are dimmed by raging oil prices with 2 growing wars going on side by side. The fact that the price has fallen from 7.77 to 6.21 despite growing passenger traffic and sales reflects the reality. Above my humble view. Stay on the sidelines. |
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Bullrun2021
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24-Oct-2023 16:00
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It never stop flying :-) Many a time clipped by external environment...am hoping a much higher target soon..... | ||||||||
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Sin_Cos_Tan
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24-Oct-2023 15:56
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Changi Airport handles 4.87 mil passenger movements in September, 89% of pre-\-Covid movements
https://www.theedgesingapore.com/news/singapore-news/changi-airport-handles-487-mil-passenger-movements-september-89-pre-covid |
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Sin_Cos_Tan ( Date: 17-Oct-2023 09:38) Posted:
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If the price trend up and reach their " target price" , again they will set another new higher target. Who knows when the price U turn?
in this way, they will be 3 time accurate 1 time wrong.
Anyway, waiting ...... 5 series to load .....
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At TP $5.66, assume NAV 5.78 will give p/b 0.98 for FY23/24.
Attractive, but subject to the raging oil price, fed hike and fierce competition among others.
One important question is when will SIA redeem its bonds which will affect the bottomline?
If TP were to be 5.66, obviously one has to buy below it, may be 4.8 to 5.2 haha
Chartwise, support at 5.7+.
My humble view, good luck.
| RL16EGG Veteran |
Posted: 24-Sep-2023 17:50 | ||
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Little change for me, 5.7-6.2 range can pick up. Assume book value maintains at 5.78, price 6.2 giving p/b abt 1.07 Assume eps 0.41, price 6.2 give p/e 15.1. Chart-wise, support around 5.7+ With so many ongoing headwinds, downside is high.
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Joelton ( Date: 18-Oct-2023 09:53) Posted:
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Panda8 ( Date: 18-Oct-2023 07:33) Posted:
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CGS-CIMB cuts SIA' s target price on rising fuel costs and softer yields
CGS-CIMB' s Raymond Yap has maintained his " reduce" call on Singapore Airlines C6L 0.00% , and with a lowered target price of $5.66 from $6.78 previously.
In his Oct 17 note, Yap estimates that SIA' s earnings had peaked for its 1QFY2024 ended June 30, because of higher fuel costs on one hand, and softer yields on the other.
Yap figures that SIA may on Nov 7 report 1HFY2024 core EBIT of between $1.36 - $1.4 billion, a drop from the preceding 2HFY2023' s $1.46 billion.
Specifically, given how SIA has reported a core EBIT of $755 million for its 1QFY2024, Yap says 2QFY2024 will likely range between $600 - $650 million.
Yap notes that spot jet fuel prices had increased by 20% q-o-q to an average of US$110 per barrel in 2QFY2024. He estimates that for every increase of US$1 per barrel in oil prices, SIA' s current FY2024 earnings will drop by 1.8%.
Yap notes that SIA has hedged about 39% of its fuel requirements for the 9-month period from Jul 2023 to Mar 2024 and this would have helped mitigate the rise in jet fuel prices.
" However, the rally in oil prices arising from the Saudi Arabia and Russia export cuts in the second half of 2023, and a further rally on the back of Middle East geopolitical risk after the outbreak of the Hamas-Israel war, could nevertheless raise SIA&rsquo s operating costs in the months ahead," says Yap.
According to the US Energy Information Administration (EIA), the benchmark Brent crude for 2024 is seen to increase from US$88 to US$95 per barrel.
On the other hand, SIA' s passenger and cargo yields are seen to gradually decline, as other airlines continue to reactivate aircraft and increase competition. Yap estimates that passenger yields in 2QFY2024 had contracted by 1.5% q-o-q. Cargo yields had similarly contracted.
These factors would have likely offset the 5.5% q-o-q growth in revenue passenger kilometres (RPK) demand for SIA and Scoot combined, as both airlines increased their flight capacities and passenger load factors.
Yap' s previous target price for SIA was based on 1.12x P/BV, which is 1.5 s.d. above mean.
His new target price of $5.66 is based on target P/BV of 0.91x (average since 2011) and rolling forward to end of calendar year 2024.
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More than 170,000 discounted SIA tickets to go on sale in November, Singapore - THE BUSINESS TIMES
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SIA reports 24.8% y-o-y growth in passenger traffic in September operating results update
The Singapore Airlines C6L -0.16% (SIA) group says its passenger traffic grew 24.8% y-o-y, for the month of September 2023, outpacing capacity expansion of 23.7%.
The group&rsquo s passenger load factor increased 0.7 percentage points (ppts) y-o-y to reach 87.7%.
SIA and Scoot posted monthly passenger load factors of 87.6% and 88.1% respectively. Both airlines carried a combined total of 2.9 million passengers during the month, up 36.% y-o-y.
Its cargo operations posted a load factor of 57.1%, or 0.7 ppts higher y-o-y. Cargo loads rose by 6.1% y-o-y, which was higher than the capacity expansion of 4.6% on the back of increased bellyhold capacity from passenger services.
As at end September 2023, the group&rsquo s passenger network covered 119 destinations in 36 countries and territories. SIA served 75 destinations, while Scoot served 67 destinations. The cargo network comprised 124 destinations in 38 countries and territories.
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Sin_Cos_Tan ( Date: 17-Oct-2023 09:49) Posted:
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