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SIA
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sun233
Elite |
08-Jun-2017 20:33
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Absolutely correct. Not vested but looking to add.Shareholders like that there will be job cuts ..........thats why share did not fall but when number is introduced i' m sure there will be a knee jerk reaction. Also the cost of any retrenchments will drag earnings down. This stock traded in the high teens once but now langushing at 10. I' m afraid it will head lower. Really sad. 
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beginners
Veteran |
08-Jun-2017 20:18
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AI yo don't say no talents lah. The high flyer and scholars are running it. They just need more time to gain experiences. We won't like to see Sia follow the path of NOL.
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sgng123
Supreme |
08-Jun-2017 15:10
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That what a lot said for NOL, in the end it still got sold. Best part is nol returned to profit under cma leadership under 1 year, this just shown sg do not had talent for running transportation business. Best course of action is sell to the highest bidder with promise on making changi transit center in se asia. When sia eng divestment happen, soon it sia sale._.. Similar to nol sale after apl logistic divestment and smrt privatise after asset sale. Currently sg gov in process of reforming transportation system, shipping and land completed now air most likely this year as T5 openning in 2020 and the jewel in changi open in 2018. All these need higher traffic to support it and sia not growing due to everyone building own national carrier. Sg gov smart so they will go along with trend and sell off sia to support changi lol. Don be like cathay who refuse to go with market trend, now on slow decline. | ||||
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FATABA
Supreme |
08-Jun-2017 14:39
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Mark my words...SIA will not be for sale in the next 5 to even 10 yrs. As if profitable ....a lot depends on who lead and re-structure this company. Definately not current grp ...as they are in it for the past few years and dont even see what is comng as of now ( hv to wait for this qtr ressult to take action ...omg ) |
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famouspinky
Supreme |
08-Jun-2017 13:15
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True but sad
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sgng123
Supreme |
08-Jun-2017 11:43
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Either way sia gona lose more market share in premium, might as well sell off to third party. All need to understand sg very small city state only no domestic market to support national carrier or shipper. Now china and bigger countries catching up and develop their own national shipper or carriers witn a protected big domestic market. We cannot fight the trend, best to follow trend and sell off just like what happen to nol. Now PSA benefit from CMA shift and malaysia suffer lol. Anywag sia eng divestment coming soon, most likely it a temasek privatisation as they need to protect pmet from sia transformation plan. Not gona repeat smrt profit focus policy where pmet got lay off and result in lot of breakdown due to no maintenance unless u wanna see sia plane going down cos of cut corner maintainance lol. | ||||
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famouspinky
Supreme |
08-Jun-2017 11:13
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5y solution? After that? No eyes see. The leaders will already be retired
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famouspinky
Supreme |
08-Jun-2017 11:09
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Imagination and reality is different.
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alexchew
Master |
08-Jun-2017 11:05
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cant imagine selling off national carrier.. so, dont need think that direction for sure. | ||||
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sgng123
Supreme |
08-Jun-2017 10:44
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Sell it to middle east airline, everyone win just like nol case. Investors cash in their investment and unlock value, changi future traffic get boosted, gov wash hand off on handling pilot union. The only loser would be employee as massive layoff would follow after merger and i very sure sia would return to it former glory after cutting more than half it high paying staff lol. Sg place where gov would not worry about selling national icon as we do not had big domestic market to sustain it, mark mine word lol. SIA would go the way of NOL at a better offer as it the biggest sg asset foreigners can get. | ||||
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FATABA
Supreme |
08-Jun-2017 10:31
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Very sad and sorry ....another TOP class brand SIA is badly run and managed.... U mean they dont know the budget airlines are coming in to eat their lunch ?? Scoot, and Silkair and others ...are eating their own/SIA lunch .....compete and taking away SIA customer. Spend big on renovation and upgrade of cabin .... Qatar and region airlines are already coming up and gaining position. SIA is still sleeping and think the premium quality can gain loyal customer....PPS milage club etc.....foot in the mouth / Management is sleeping and didnt recognise that ONLY because is on coporate budget wld someone fly B class.etc Time they really wake up but already at the expense of the comng retrechment.  . Restructure NOW ....omg ......I really dont know what catalyst they have to put SIA back on position ( maybe fire the management ) With China giant airlines comng up with domestic make air craft ( which is cheper then Beoing or Airbus) ...more issue will surface. ( wonder what is the next excuse.) Good luck to this SIA .....I am still a Singaporean ....hope someone can surface and save this BRAND Singapore girl again .  
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sgng123
Supreme |
08-Jun-2017 10:21
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Mine guess is the layoff gona be big and announcement soon, the ceo leak out new in the iata meeting just to prepare the market for it aka reducing shorting and trading on stock. Now everyone waiting for the job cut new, uncertainty so very little volume and rangebound. All SIA investors wanna draw blood on sia internal layoff to improve earning, that May plunge of 7% just a warning shot by big players. Hope it run into thousands of job losses then union bitch and gov had to step in. But i think lot of common folk would not be bother as it time high paid in sia take the plunge | ||||
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famouspinky
Supreme |
08-Jun-2017 08:26
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Retrechment, not suppose to tell in advance. Already very gd to put in media to pre empt. Normally 24h ask u to leave with security officers.
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Observers
Elite |
08-Jun-2017 07:53
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I think he would have had announced it thru an internal email to all staff concerned and then after that to the media. Must announce early to at least give the staff some time to make financial arrangements. Many got families to feed, mortgages to pay.
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bishan22
Supreme |
08-Jun-2017 07:49
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The best part is he neber cut himself..........Hahahaha....
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investshare
Supreme |
08-Jun-2017 07:34
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I find CEO comment on job cut quite irresponsible, and just trying to show market he is doing something after Cathay move. If want to cut job, should cut then announce. Why announce to the world first? This affect morale of employees. | ||||
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famouspinky
Supreme |
08-Jun-2017 07:21
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Sgng123 already mentioned. The challenge is plenty.
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investshare
Supreme |
08-Jun-2017 06:56
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Maybe sell to Qatar. Merge with Qatar Air, on condition that post merge must use Singapore Air and move HQ to Singapore. Qatar sovereign fund is very aggressive.
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famouspinky
Supreme |
08-Jun-2017 06:47
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When US goes bankrupt, money will be burnt again. Supply higher than demand for hdb, wirh more people into private xondos, garment xan only say 99y lease but how abt movg out where jibs r not in sg? Burn more until all dried up.
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sgng123
Supreme |
08-Jun-2017 02:01
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Another outcome would be sale of sia to third party on guarantee of traffic to changi and brand name preservation. Sg really got no talent for running transport company, unwilling to handon and not aggressive in growth and cost cutting. I gonna bet if sia really got sold off, the new owner would turn around it with a bil dollar profit through pure cost cutting lol. | ||||
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