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SIA revived
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maxlim3
Member |
24-Apr-2021 09:08
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Running out of cash for SIA is an unlikely scenario at least for the next 2 years. The issue here is how much EPS and the PE after SIA resume flights. Based on current price, it suggest that it is more expensive then pre-covid. Short term wise, price always determine by demand and sentiment. Current positive generally market sentiment and even ending large amount of money circulating in the world makes the price rather inflated. But inflated does not mean that you cant buy. Just have to becareful. For me, i will give it a miss as I prefer to gamble in the casino and invest in stock market. There is always a place for everything. | ||||
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f16force
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24-Apr-2021 08:04
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New Zealand has suspended travel bubble with Australia....... | ||||
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Adrianinsing
Elite |
24-Apr-2021 02:56
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THE S$8.8 billion that Singapore Airlines (SIA) raised in a rights issue last year is almost depleted, but global air travel is not coming back in full swing soon. Fresh waves of infections are being reported across the globe, and vaccination rates have been hit by a supply snag. SIA might, therefore, need some fresh funds.
The national carrier has done a great job of raising cash so far. On top of the rights issue, it has sold bonds totalling S$2 billion. This included a maiden issue in US dollars. It has also secured financing of S$2.1 billion on some of its aircraft. To conserve cash, SIA also deferred capital expenditure of more than S$4 billion. It has shrunk its labour force, and cut the remunerations of management and directors. But the company's monthly cash needs are still significant. From Dec 14 to Feb 24, for instance, SIA used S$1.1 billion from its rights issue proceeds for operating, refunds, and aircraft and aircraft-related payments. To fund its cash needs, SIA has the option of issuing another S$6.2 billion in mandatory convertible bonds (MCBs). Credit: Business Times |
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peterwong321
Veteran |
24-Apr-2021 00:33
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Will it go back to below $3 !!!!!!! | ||||
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mrwise
Supreme |
24-Apr-2021 00:02
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Likely to drop below $4 soon.....Looking at this situation...possible of another rights issue....
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peterwong321
Veteran |
23-Apr-2021 23:48
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SIA share price started dropping beacuse of these reasons (1) The Transport Ministry will now be helmed by Mr S Iswaran, 58 replacing Mr Ong Ye Kung, 51, (2) Travelling between Singapore and HongKong bubble burst (3) COVID to last at least 10 to 15 years, especially a spike cases in India, Singapore got strong tied with India to fly around the world. (4) Finally, we have to wait until Whole world has vaccined then 100% safe no transmission then people will start travelling. (5) SIA share is actually worthless but strongly support by our local government and GIC. |
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Pearl999
Member |
23-Apr-2021 22:49
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Everyday I feel cooped up in Singapore, unable to travel anywhere. It gets so bad that I search for flights to Europe and read on the quarantine requirements, imagining the possibility of going for a holiday someday soon. Looks like we can' t travel until 2022? The last holiday I took was in december 2019. 3 years of not being able to go anywhere, not even Malaysia. I feel that Singapore' s vaccination roll out is too slow and I really admire Israel' s vaccination roll out. I have registered for the vaccine since January, but since I am in my mid 30s, I have to wait until June. One thing I wonder is that why is the vaccination rollout so slow around the world? Given the seriousness of this epidemic. I believe that so many people are like me, from what I gather, impatiently waiting for borders to reopen so that we can all start flying again, even if it' s just going to neighbouring countries. Thus, at the slightest inkling of the prospect of travelling, I am certain that SIA share price will surge up. I have read the negative comments in this forum and maybe these people have hidden agendas. They feel that regret that they did not buy into SIA when it was $3-ish a share. So they are secretly hoping that the share price will go down again. Who knows? One thing for sure, once borders open, this counter will surge up like crazy. That is my opinion. Long to enjoy! |
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investor999
Elite |
23-Apr-2021 17:12
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SIA has many players. So tug of war lah
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Sungeun11
Member |
23-Apr-2021 12:14
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Technical support? Looks like it wants to go below 5..
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investor999
Elite |
23-Apr-2021 10:49
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The play in SIA shares cannot so simple as target prices. Ultimately it is what you see in long term. I don't see reversal of trend. | ||||
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TigerPlay
Master |
23-Apr-2021 10:29
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i oso notice that, seem like they want it to stay around 5, oso din let it go up much too
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Sparrow999
Senior |
23-Apr-2021 10:24
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The 999 group huh
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investor999
Elite |
23-Apr-2021 10:15
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Sama sama 😄
Welcome Pearl999
The brave ones
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Sparrow999
Senior |
23-Apr-2021 10:10
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U r a loyal SIA investor. Good Investors are bold and daring to invest. I see a lot of scary cats, once see the price dropped , scared like hell as if the sky is falling 
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investor999
Elite |
23-Apr-2021 09:13
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Bought again $5 | ||||
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Starship
Supreme |
22-Apr-2021 17:19
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17 workers at Westlite Woodlands dorm test positive for Covid-19 19 MIN AGO SINGAPORE - Seventeen workers at Westlite Woodlands Dormitory have been found to be positive for Covid-19, said the Ministry of Health (MOH) on Thursday (April 22). They were detected as part of special testing operations at the dorm after a 35-year-old Bangladeshi staying there was confirmed to have the coronavirus on Monday. These cases were immediately isolated and taken to the National Centre for Infectious Diseases (NCID), said MOH. The ministry, together with an expert panel which comprises infectious diseases and microbiology experts, is investigating if they are reinfection cases. Apart from the cases in the dorm, MOH said there were 24 new coronavirus cases confirmed as at Thursday noon (April 22), taking Singapore' s total to 60,904. They include one community case and one new case from migrant workers' dormitories, it said. The remaining cases were imported and placed on stay-home notice upon arrival in Singapore. More details will be announced on Thursday night. On Wednesday, the sole Covid-19 community case reported is a 39-year-old systems engineer at healthcare provider Parkway Pantai. He has been working from home and has not returned to the workplace. He is asymptomatic and his case is currently unlinked, said MOH. The permanent resident was in India from July 9 last year to Jan 24 this year. On his return to Singapore, he served his stay-home notice at a dedicated facility until Feb 7. He was negative for Covid-19 when tested then. However, he tested positive on Monday when he took a pre-departure test prior to a trip, and was then taken to the National Centre for Infectious Diseases. " His CT value was very high, which is indicative of a low viral load, and his serology test result has come back positive," said MOH. " He could be shedding minute fragments of the virus RNA from a past infection which are no longer transmissible and infective to others, but given that we are not able to definitively conclude when he had been infected, we will take all the necessary public health actions as a precautionary measure," it added. https://www.straitstimes.com/singapore/seventeen-workers-at-westlite-woodlands-dorm-test-positive-for-covid-19 |
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Adrianinsing
Elite |
22-Apr-2021 17:14
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Not necessarily. If a rights issue is coming then they usually support or push up the price so that the rights can be issued at a higher price. If it drops how can they issue at a good convertible price ? Of course we have go confirmation that a rights issue is definitely coming and it could just be technical support.
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Starship
Supreme |
22-Apr-2021 17:08
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Foreign workers moved and quarantined after 11 more Covid-19 cases detected at Westlite Woodlands dorm 1 HOUR AGO SINGAPORE - Hundreds of migrant workers at Westlite Woodlands dormitory were transferred out and quarantined on Thursday (April 22) after 11 more Covid-19 cases were detected at the dormitory on Wednesday. One of the places they were taken to is Quality Hotel Marlow in Balestier Road, The Straits Times found out. The 240-room hotel is listed online as temporarily closed. About 15 buses had arrived at the dormitory in the morning to ferry the workers. This comes after a 35-year-old Bangladeshi worker staying at the dormitory tested positive for the virus on Monday, despite receiving both doses of the Covid-19 vaccine. From about 10.50am, the buses were seen queueing up outside the dormitory before being allowed to enter the premises. Certis Cisco personnel dressed in personal protection equipment (PPE) supervised the movement of workers, who had brought along some of their belongings, to the buses. At about 12.30pm, the buses left in the heavy rain. One of the buses made its way to the hotel in Balestier Road where a group of personnel dressed in PPE were waiting to receive the migrant workers. They were registered at the entrance of the hotel before being allowed in. https://www.straitstimes.com/singapore/migrant-workers-from-westlite-woodlands-dorm-transferred-to-quarantine-facility-including
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Starship
Supreme |
22-Apr-2021 17:04
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Hong Kong-Singapore travel bubble announcement delayed as Singapore quarantines hundreds of migrant workers 12:30pm, 22 Apr, 2021 Sources said the announcement could happen next week with the scheme starting end-May Singapore is expected to report more local cases on Thursday after 12 migrant workers at a dorm tested positive this week https://www.scmp.com/week-asia/health-environment/article/3130560/hong-kong-singapore-travel-bubble-announcement-delayed |
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jackass
Member |
22-Apr-2021 16:14
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i wonder who exactly is pushing the price up ... whenever it drops below $5 dollar, somehow there will be a surge in buy-ins to bring the price back to $5 dollars again damn funny 
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