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SIA
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sun233
Elite |
08-Apr-2014 09:56
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Agree with opinion. It will take sometime before you actually see profits.Two earlier failed attempts. it seems it always happens near Indian election time.... Right now it is just a knee jerk reaction. Near term downside risk IMHO.
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guoyanyunyan
Supreme |
08-Apr-2014 06:58
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Singapore Airlines: Tata-SIA JV closer to take-off link The Indian civil aviation ministry has cleared Tata SIA Airlines Limited (Tata SIA), the India JV between SIA and Tata Sons. The final hurdle is approval from Directorate General of Civil Aviation (DGCA). We think Tata SIA will be crucial in growing SIA' s market share in India' s international flight, which is estimated by CAPA to be 4% in FY13. Tata SIA can value-add to SIA on two fronts: 1) serving India domestically from its home market, and 2) using India as a base to serve the region. However, we are cautious of regulatory hurdles given two previous failed collaboration attempts. Additionally, there are issues such as frequency of flights that will determine the JV' s success. Until there is more colour on the operation permit, we maintain our HOLD call with S$9.50 fair value. |
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guoyanyunyan
Supreme |
08-Apr-2014 06:53
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Singapore Airlines - Attractive valuations buy ahead of the recovery Author: StockFanatic | Publish date: Mon, 7 Apr 14:31 SIA is a more attractive investment than common perception: We agree that SIA' s operating leverage is lower than most other Asian airlines in a cyclical recovery. However, not every investor has the risk appetite to buy the other Asian airlines, which have an average net debt-equity of 173%. The market tends to underestimate the total potential return of Singapore Airlines in our view. SIA (0.9x P/B) offers 60% potential upside to its recent peak valuation of 1.5x P/B. In addition, SIA can easily sustain a regular annual dividend yield of 7% with the potential to return more capital to shareholders given its positive free cash flows and surging net cash balance (now 32% of market cap). If SIA pays out one-third of its current net cash balance or S$1.11 DPS, the yield would be 11%. This implies total potential upside of as much as 71% - an attractive return and similar to the current share price upside to peak valuation of the more leveraged airlines. Most of these airlines do not have the capacity to pay any dividends and some even have potential equity raising risks. Read more » ...last:$10.30... |
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Octavia
Supreme |
07-Apr-2014 14:29
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Singapore Airlines to fly A380 to India from May 30 
Singapore Airlines will operate Airbus A380 aircraft to Delhi and Mumbai cities from May 30, it said on Monday, becoming the first carrier to fly the superjumbos into India after a ban was lifted. |
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Octavia
Supreme |
04-Apr-2014 16:38
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Singapore Airlines Limited' s joint-venture company, TATA SIA Airlines Limited has received the No Objection Certificate from the Ministry of Civil Aviation, India to start a full service airline. TATA SIA will now proceed to apply for the Air Operator' s Permit from India' s Directorate General of Civil Aviation... Attachments: |
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sun233
Elite |
29-Mar-2014 14:21
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SIA SIA! Took profit. Going in again soon. Still wandering what caused the upswing? Seems to me foreign money. My lots were bought through credit suisse. |
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KiLrOy
Elite |
28-Mar-2014 21:59
Yells: "I buy only what I can see." |
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you have a thumb up from me for a reward you got from a good trade executed~ 
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sun233
Elite |
28-Mar-2014 15:22
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Sold 16 lots at 10.49 Really happy..... Bought at 9.42-9.66 range
Tata will take some time. Judging from history i have my doubts. Irrationale exzuberance!!! Modi is winning in polls so far. He is not in favour of opening India. SIA has tried many times before with India and China Southern. Not holding my breath. Intend to nibble again when it goes back down. Good luck to you |
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RosyAiry
Master |
28-Mar-2014 14:15
Yells: "banned!" |
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Maybe this is the reason? Lol Still holding on to my 3 lots.
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sun233
Elite |
28-Mar-2014 14:12
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Yep bonds were snapped up but what's causing the stock to climb? No spectacular news.......Appreciate any insight | ||||||||||||||||||||||||||||
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Octavia
Supreme |
27-Mar-2014 15:21
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SIA's $500m bond issue snapped up
Sole bookrunner DBS says there was no range pricing because it was confident
Singapore Airlines yesterday tapped the debt market with a bumper $500 million issue, the biggest non-financial corporate deal so far this year as bonds continue to rally.
The Markit iBoxx SGD corporate total return index touched another high this week, though yesterday it eased to 106.6109 from Monday's 106.6136. Year to date, the index is up 1.5 per cent. SIA's $500 million bonds were sold in two tranches - $200 million of seven-year bonds at 3.145 per cent and $300 million of 10-year bonds at 3.75 per cent. The sale is part of its $2 billion multi-currency medium-term note programme launched last month. DBS Bank was the sole bookrunner. |
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marubozu1688
Master |
08-Feb-2014 17:32
Yells: "Be humble in front of Mr. Market." |
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Watch for the potential rebound at the crucial support now for SIA. http://mystocksinvesting.com/singapore-stocks/singapore-airlines-sia/sia-counter-trend-bet/ |
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Octavia
Supreme |
07-Feb-2014 10:16
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SIA reported its worst quarter in almost two years, as 3QFY14 net profit slumped 65% to $50m, disappointing already weak expectations. The bottom line was dragged by a one-off payment of US$78.3m by SIA Cargo related to a legal case settlement in the US over alleged involvement in a global cartel, a US$2.3m fine imposed by the Swiss Competition Commission against SIA Cargo, as well as associate losses from Tigerair. At the operational level, profits rose to $151m. Turnover was flat at $3.88b, despite higher passenger numbers, as competition kept yields down (-2.7% y/y). The airline was also affected by unfavourable exchange rate movements on major revenue generating currencies. Credit Suisse believes that the losses contributed by SIA?s freight and portfolio businesses further entrench its view that SIA?s corporate strategy contains manifest flaws. Cuts TP to $10.80 (from $11.30), and maintains its Neutral rating. Despite the current share price weakness, Deutsche does not encourage investors to buy the stock. Despite having a $4.2b net cash pile, the house doubts the company will pay out a special dividend given its cautious outlook statement. Rates at Sell with TP $8.80. CLSA rates at Underperform with TP $10.58, sees bigger returns else where on the back of falling markets. | ||||||||||||||||||||||||||||
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bishan22
Supreme |
06-Feb-2014 21:29
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SIA quarterly net profit plunges 65 per cent |
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Octavia
Supreme |
03-Feb-2014 09:28
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UOB Kay Hian maintains Hold with TP $11.30. The house expect 3QFY14 ex-EI net profit to fall 47% yoy to $86m. Weak pax yields along with steep losses from 40%-owned Tigerair should lead to an estimated 47% yoy decline in 3QFY14 earnings. SIA is also likely to report Exceptional Items (EI) losses of S$80.9m for the period, due to cargo price fixing settlements. Operationally, there is very little going in SIA?s favour. 4QFY14 is likely to be weaker due to capacity cuts in Thailand. Aside from weak loads, a key focus would be Scoot?s profitability. While SIA does not report Scoot?s numbers, it can be inferred from group operating profit. A qoq improvement will be viewed positively, but not sufficient to re-rate the group. | ||||||||||||||||||||||||||||
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Octavia
Supreme |
23-Dec-2013 12:42
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SIA has acquired an additional 7.3% stake (72.3m shares) in Tiger Airways from Temasek Holdings bringing its holdings to 40%. The purchase consideration of $49m was transacted at $0.6678/share or 34% premium to Tiger's last close of $0.505/share and a 33% premium to its NTA as at Sep. Upon completion, Temasek's stake will be reduced to 48.5% from 55.8%. | ||||||||||||||||||||||||||||
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Octavia
Supreme |
23-Dec-2013 12:40
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SIA agreed on a US$62.8m settlement to resolve the US Air Cargo Class Action brought against its cargo unit, without admitting any wrongdoing or liability. Accordingly, the group will make a $78.5m provision in its financial accounts for FY14 | ||||||||||||||||||||||||||||
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gavinl
Supreme |
20-Dec-2013 16:21
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Heard that yesterday a flight arrived from bombay was badly damaged due to a cargo container being sucked inside its engine. No one was injured but how come the incident not being reported? | ||||||||||||||||||||||||||||
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Octavia
Supreme |
17-Dec-2013 09:42
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Following yesterday?s announcement of the JV between Nok and Scoot, CIMB suggested that SIA?s cash reserves could be used for business expansion during tough times such as these. CIMB?s opinion is that if managed properly, this JV could be similar to how AirAsia X brings traffic to AirAsia. However, more scale will be needed before the JV can effectively compete with more established low-cost brands. That said, CIMB underscores competitive pressures from Middle Eastern and Low Cost Carriers to weigh on earnings, hence keeps rating unchanged at Hold and a TP of $10.50 | ||||||||||||||||||||||||||||
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Octavia
Supreme |
17-Dec-2013 09:41
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Passenger load factor fell 0.7 ppt y/y in Nov to 77% as traffic declined 0.4% as capacity grew 0.5%. Loan factors softened across all key markets except Americas and Europe especially in West Asia and Africa (-3.8 ppt) which saw capacity injection on India routes. Cargo traffic dropped 2.1%, while capacity rose 1.4%, depressing load factor by 2.3 ppt to 63.8%. Carrier cautioned that the operating environment remained challenging and efforts to stimulate demand to boost loads will continue to place downward pressure on yields. | ||||||||||||||||||||||||||||
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