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SIA
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uiop1223
Supreme |
14-Mar-2020 22:31
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If it becomes $3, im sure it will go lower. Mr. Market is not silly. There reason why it becomes $3 which in simple terms, profitability falls a lot.
? The truth is that there is no meaningful evidence that short selling depresses markets. The market is about value. Prices fall because no one is prepared to pay higher prices for these particular stocks. More importantly the market has not been proved wrong on a single occasion yet. Originally the US government blamed short selling for the sharp price falls in Fannie, Freddie and Lehman Brothers but on each occasion the fall was justified as the businesses all went belly up. The same thing happened with HBOS over here ? again the short sellers were blamed but ultimately, given the governments lightening fast intervention, it is clear that all was not well with HBOS ? again the market was proved correct. ?
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SteadyInvest
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14-Mar-2020 19:22
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Sometimes so called friends can really stab you from the back jialat jilat.
Just like online forum ppple called you "bro" ....they arent yr bro.
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Goldfinger
Supreme |
14-Mar-2020 18:58
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As I said - SQ will not go bust - but it?s share price may tank. We all have friends who may post on FB on certain stuff not knowing it appears arrogant.
This particular SQ Mangement male friend is fine - but the wife keeps posting pictures of BizClass upgrades. Silly woman does not know it puts her hubby in a bad light.
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TA_Expert
Supreme |
14-Mar-2020 16:18
Yells: "The World has changed" |
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Love to see more people commented negatively on SIA so that the share price will plunge to $3 and below, so that my gang will scoop them up. Pls short SIA on the way down to $3. |
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Goldfinger
Supreme |
14-Mar-2020 16:02
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I have pilot friend who have not flown for weeks and if so only short haul infrequent. They say they are almost semi retired. How to make money while paying sky high salaries. I would not buy SQ yet and let the market punish this for a while more.
Even if SQ does not fail does not mean the share price will be supported. I expect the results to show losses in the billions, especially if it includes write offs.
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Justice888
Supreme |
14-Mar-2020 15:46
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A lot of flights cancel ... my co trip to San Francisco also cancel Bec of the virus. Xian
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uiop1223
Supreme |
14-Mar-2020 15:41
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SIA got pay cut: www.hcamag.com/asia/news/general/singapore-airlines-cuts-pay-for-senior-leaders-amid-coronavirus/215440
But still, their business already not good prior to virus. Havnt close my shorts.. will take profit at $6.5 |
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iinvestor
Veteran |
14-Mar-2020 15:35
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No mgt pay cut, no pilot downsizing, no action....other companies already action liao....still super bloated despite the disastrous drop in air traffic And worse is their fuel hedge at twice the current mkt price...jialat..more losses Remember last time ah gong LKY say SIA can fail one.. |
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Goldfinger
Supreme |
14-Mar-2020 15:29
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I have arrogant SQ friends in Mid Management who like to post pictures on FB of their families flying in Business Class because of free upgrades. This is the reason why SQ has become so cost uncompetitive and the next set of results will be quite disastrous. Right now many Pilots and Air crew are sitting idling at home and the planes are on airport tarmacs parked and not flying or flying empty. The high overheads and paltry revenue is going to hit SQ very very horribly hard. The next set of results will be a terrible sea of red ink. | ||
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SteadyInvest
Member |
14-Mar-2020 15:25
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SINGAPORE (Mar 13): Since the beginning of the Covid-19 outbreak in Singapore, Singapore Airlines (SIA) has suffered a 22% plunge in share prices, tracking the broad-based decline in flight counts and passenger volumes. With the pandemic spreading rapidly across Europe, Italy and the US, SIA is set for a tough time ahead. SIA?s mainline and SilkAir have cuta total of 15.6% of available seat kilometre capacity, due to the demand in contraction. According to CGS-CIMB analyst Raymond Yap, the spread may hurt SIA?s long-haul routes, and cause its share price to fall in further. ?We view the global spread of Covid-19 with alarm as the sharp fall in demand for SIA?s regional flights will now spread to its long-haul flights and, in the process, hurt the take-up rate of lucrative business and first class cabins,? says Yap in a Thursday report. | ||
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Papason883883
Senior |
14-Mar-2020 14:45
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SIA ion Super Long queue, looks like a lot of people cancel tickets. CS too busy | ||
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TA_Expert
Supreme |
14-Mar-2020 13:57
Yells: "The World has changed" |
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This is the best sector to buy more long term as you have correctly pointed out that they are the hardest hit due to the outbreak. It is the price that we should be concern. Imagine SIA falls to $3 to $5 because of this crisis, will you buy? I will and so many of kaki will scoop them up cheaply. We must understand that SIA is too big to fail. Even it is facing a credit crisis, Temasek will save it. We must understand what is SIA, not just being an national airline, think deeper behind it. Fyi, Warren Buffet bought more shares of Delta Airline when it tumbled last week. Wasn' t he frightened? Apparently, he knows that he is buying airline stock at lelong price. 
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SteadyInvest
Member |
14-Mar-2020 10:17
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Out of all stocks, i would not even consider this and hotel  industry. The pandemic has halted or minimised the air traffic between countries. Direct impact.   |
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TA_Expert
Supreme |
13-Mar-2020 22:16
Yells: "The World has changed" |
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Don' t have lei. Ah Kong supporting it. How do buy at $6? So many funds and people waiting to go in but the price didn' t drop.
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Observers
Elite |
13-Mar-2020 22:01
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SINGAPORE Airlines (SIA) announced in a Facebook post on Friday evening that it will be reducing flight capacity on selected routes to the United States.  The two flights to and from New York with a stopover in Frankfurt will be cancelled from March to April as well as some days in May. This comes as the US imposed a travel ban on Europe, with the exception of the United Kingdom, on Wednesday.    The cancellations add to the latest cut in flight capacity, which will temporarily remove 15.6 per cent of capacity from its network. This affects flight destinations to Rome and China with most lasting till May, while some flights to Christchurch and San Francisco are affected in June as well.  https://www.businesstimes.com.sg/companies-markets/sia-cancels-flights-on-us-travel-ban-says-will-re-accommodate-customers |
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Goldfinger
Supreme |
13-Mar-2020 21:39
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Who knows if SG Govt May shut all inbound overseas visitors as this spreads all over the world - like what happened to Paris, Korea, China - this virus will not end soon.
And SIA will bleed and bleed red ink all over. They do not have the guts to retrench highly paid Pilots and Management. The will have high costs and ZERO revenue. Price can plunge even if SIA survives.
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uiop1223
Supreme |
13-Mar-2020 19:48
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Haha. Yea. $6 i closed shorts liao. Incurring finance charges also no good. U in i out. 😂
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tritonyeah666
Elite |
13-Mar-2020 19:22
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$6 go all in!!! | ||
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Observers
Elite |
13-Mar-2020 17:39
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National airlines, even malaysian airlines with its mutiple setbacks and esp SIA with temasek as back mountain will never close shop. At the very most nationalise like tuaspring only, after installing new membranes, water continue to flow, SIA flights will continue to fly tourist in and out of Singapore and the region once the virus is under control. 
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uiop1223
Supreme |
13-Mar-2020 16:11
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Today touch $6.7+
Think $6 possible at peak of crisis. $3 too extreme |
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