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SIA
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sgng123
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27-Oct-2017 23:30
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Siaec is gov linked department with a listed background, basically they don bother to grow revenue stagnant for 5 years, just depend on sia and associated for contract 
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sgng123
Supreme |
27-Oct-2017 23:26
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Lot of gov linked personnels working in siaeng as they had no where to go on eng degree or cert lol, some from rsaf and other gov agency to be posted there to earn exp years. It quite crazed as sia grp total headcount around 25k, 20% in sia eng generating only 1b revenue annually for 5 years, zero growth as they simply just ask sia to give contract. SIA is keeping it eng division even though it is being listed. Serious decision need to be made on divesting siaec and let them stand on their own. | ||||
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famouspinky
Supreme |
27-Oct-2017 13:31
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5000 people to mke only 100mil. Its super low. Most sales guys can do 50mil these days.
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sgng123
Supreme |
27-Oct-2017 12:33
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Listed but behaving like those state owned private company, being listed meant the only priority is to be answerable to shareholder on returns. Not to provide best service or win award at the expense of investor, if wanna do these kind of crap temasek better delist sia and do it behind gov backing. MM lee already anticipate this shit in 2000 and suggested sia to divest away it non core asset. SATS got divested through share redistribution in 2009 as it is the easier choice. SIAEC is the problematic one as it employed 5000 and only contribute 100mil annually to SIA annual profit, with the SIAEC chairman retiring from SIA chair and moving to temasek board. Maybe it is finally time for sia to divest it eng branch and focus all it resource on airline business. Currently zero market interest in sia stock by bb as restructuring   plan still unclear, gonna wait till 7 nov for half year result. | ||||
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famouspinky
Supreme |
26-Oct-2017 11:17
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Using free money without accountability is bad. American airlines r listed. Rails ard the world r also listed. What mkes sg diff not to list it? Free money?
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sgng123
Supreme |
26-Oct-2017 10:42
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Investors also not happy as airline not operating commercially, look at how america airlines operate and u see huge gap in efficiency. America airlines are profit driven and they don care about service standard lol, u can get dragged down plane on overbooked situation lol. But us airlines stock price triple since 2008...... sooner or later SIA had to be taken off public view through privatisation as it mostly used as trade buffer between us and sg. Too much public disclosure is bad for future poll for pap. | ||||
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famouspinky
Supreme |
26-Oct-2017 08:54
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Use our money and no jobs for us. Own ecconomy already dying still helpg the giant to sustain an overbought mkt. What to do?
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leongyan
Master |
26-Oct-2017 08:11
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Yes But media quoting it as 70,000 jobs created in the USA. Singapore public is not pleased. Not many can read through the political angle.
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sgng123
Supreme |
26-Oct-2017 01:59
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SIA used as trade buffer to offset any sg export excess, well kind of artificially creating a trade sulplus with us so donald trump would leave sg and us fta intact. It is a political deal rather than commercial, anyway let see in nov what sia reform package is. We know they doing internal initiative to improve efficency but what matter to market is SIAEc divestment and head cut which would give immediate boost to bottomline. In 2009 SATS was divested through share redistribution on basic 730 sats to 1000 sia. See if sia finally decide to focus on core business and divest siaec. | ||||
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famouspinky
Supreme |
24-Oct-2017 18:07
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Tough environment still buy 39 birds.
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investshare
Supreme |
24-Oct-2017 17:05
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Must be very proud and happy when sign the purchase agreement.
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famouspinky
Supreme |
24-Oct-2017 15:51
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Buening some more money . Shld take care of own economy.
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famouspinky
Supreme |
24-Oct-2017 15:50
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https://youtu.be/Dv7y2Hq5cxk | ||||
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sgng123
Supreme |
14-Oct-2017 01:01
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SIA might follow NOL and SMRT route to delist, they need time to complete their restructuring plan without interruption from investors demanding highet return. Problem is SIA holding a very big stake 78% of listed SIA eng, complicating the true value of SIA. With ah moh investment banks pulling out support for both SIA and SIA eng, temasek should really review whether it time to delist SIA. Low investor interest in SIA due to uncertainty over it transformation plan. Currently leaking out is more of internal review, the big picture of group restructuring had not pop yet and cost cutting measure still unknown. SIA too big to fail and too expensive to delist due to hidden value still unlocked.   |
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tanchingku
Senior |
08-Oct-2017 21:27
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I took SQ flight very often, their seats are also full. Coming results must be good
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famouspinky
Supreme |
07-Oct-2017 11:55
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This was also the time when Mr Goh first spoke about the revamp just after SIA reported a $138 million loss between January and March - its first quarter in the red in five years. "It has been a busy six months, with much to be proud of," wrote Mr Goh, adding that while it was still early days, he was happy with the progress so far. SIA continues to take delivery of new planes, including the Airbus 350, and will also be unveiling its all-new aircraft cabin products next month. Customers can also expect new seats and other fittings across all classes, as well as an upgraded in-flight entertainment system that will feature first on the airline's A-380 jets. The airline has also taken steps to broaden its portfolio in the last few years, including entering the low-cost market with the setting up of Scoot, which launched its first flight in 2012. SIA also has a 49 per cent stake in Indian carrier Vistara, which is in the midst of planning its first international flights. The changes come amid a tough operating environment that includes intensifying competition, which has hit not just SIA but many other premium airlines as well, analysts noted. Cathay Pacific, which reported a net loss of HK$2.05 billion (S$359 million) for the six months to June, said in May that it would cut about 600 staff as part of a three-year revamp to reduce costs. The airline is also reportedly in talks with its pilots to convince them to accept a wage freeze. Dubai's mega carrier Emirates reported in May that profits plunged 82 per cent for the 2016-2017 financial year, the first full-year profit decline in five years. | ||||
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lingua101
Veteran |
05-Oct-2017 11:31
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I have to agree with Mr Fernandez.    SQ should focus on what it goods at.    But the problem they are too complacent.    Many other airlines is catching up. So they cannot think they are still up in the sky ler...  
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famouspinky
Supreme |
05-Oct-2017 09:00
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A sign of privatising?
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famouspinky
Supreme |
05-Oct-2017 08:57
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THE share price of SIA Engineering Company (SIAEC) plunged 9 per cent to more than a six-year low on Wednesday, prompting a query from the Singapore Exchange (SGX). The tumble was triggered by talk that some 38.9 million shares have been offered at a huge discount in the market. The shares, representing a hefty 3.5 per cent stake, were said to be offered by JP Morgan at a price range of S$3.11 to S$3.30 each, implying a 4.6 to 10.1 per cent discount to the share price close of S$3.46 each on Tuesday. On Wednesday, shares of SIAEC - a provider of maintenance, repair and overhaul (MRO) services for aircraft - hit S$3.15, the lowest since January 2010, before closing at S$3.21, down 25 Singapore cents, or 7.23 per cent. | ||||
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investshare
Supreme |
01-Oct-2017 16:26
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?I think airlines should just stick to what they?re good at. You don?t get Rolls-Royce trying to start a budget car company.?
Mr Fernandes, whose fast-growing budget brand will fly out of the new Changi Terminal 4 in Singapore later this year, had some choice advice particularly for Singapore Airlines, which recently merged its Scoot and Tigerair brands to create a more formidable low-cost carrier. ?If I was Singapore Airlines, I?d just focus on the Singapore Airlines product,? he said. "It should focus on what it?s good at. It?s a good premium product. Advertisement ?Airlines, because they?ve been monopolies, are scared to lose any sort of control. One of my biggest mistakes is losing focus. You try to do too many things and you lose focus." Read more at http://www.channelnewsasia.com/news/asiapacific/us-probes-north-korea-s-willingness-to-talk-9266526 |
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