Back

Latest Forum Topics / SIA    Last:6.94 --

Post Reply

SIA revived Post Reply Rate topic
Trader1987 Veteran	07-Nov-2020 01:42        Trader1987 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I' m afraid issue price $3 also cannot tahan, tissue price maybe 🤣 uiop1223      ( Date: 06-Nov-2020 21:51) Posted: Looking forward to plunge till issue price of $3 🤩 🤩 🤩 🤩 Good for SIA fans also. Can buy more at lelong price
Useful To Me  Not Useful To Me
Ligaya Master	07-Nov-2020 01:24        Ligaya About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks, is enlightening   WiseInvestor      ( Date: 06-Nov-2020 22:57) Posted: I just checked financial numbers of SIA. They seem worse. Understanding Covid-19 pandemic, the recovery can' t work well over short-medium term cos there are currently many closed travelling borders except for air cargo service, and SIA is very high debt-laden. Still risky interest coverage ratio, saying ETBITA can' t cover interest expenses. In view of that MCBs is accounted for in equity only than accounted for as a liability or shared liability and equity because MCBs are within the issuer' s right to exercise conversion or redemption option, SIA made wise move to save interest costs in bad times until the end of 10th year or earlier,  if 4.84 price or higher take place, they will excercise conversion option, Otherwise, they will exercise redemption option. Either way is not good cos of 1) high dilution of existing shareholders or 2) high impact on income statement in term of accumulated interest expenses over 10 years or less. Refering to high impairment loss on aircrafts (removed from service fleet), they don' t really mean to be disposed of or fully retired. When there is a postive situation call for use of old aircrafts, especially when highly demanded, high impairment loss will be reversed. This don' t need to be a permanent impairment loss. This is in accorance with IFRS - impairment of assets. Anyway, looking forward to long term recovery since i have few shares of SIA. I am not joining any shortists' camp
Useful To Me  Not Useful To Me
Trader1987 Veteran	07-Nov-2020 01:15        Trader1987 About Contact  Quote this Post!
x 0   x 0  Alert Admin	My goodness! Look at the balance sheet. After issuance of bonds, what' s next?
Useful To Me  Not Useful To Me
Ligaya Master	07-Nov-2020 01:10        Ligaya About Contact  Quote this Post!
x 0   x 0  Alert Admin	good prediction  but is non-cash impairment uiop1223      ( Date: 06-Nov-2020 18:56) Posted: I predict $1.8bn but SIA exceeded my expectations! Amazing. A lot of suckers like invest999 and old uncles aunties where keep thinking of history and the logo. If like logo so much, just go buy souvenirs or when buy a ticket to HK. Much cheaper Although i short, im technicially consider a stakeholder.. will they mail me the AR? 🤩 🤩 🤩 gregtan123      ( Date: 06-Nov-2020 18:46) Posted: wow 3.5 BILLION LOSS but share still 3.5X. other shares make tons less than SQ share price, really manipulated sick man of asia SGX market.
Useful To Me  Not Useful To Me
s100125 Elite	06-Nov-2020 23:56        s100125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those still holding cannot sleep well this weekend. May join the penny counter club soon.
Useful To Me  Not Useful To Me
hotelgrand Master	06-Nov-2020 23:44        hotelgrand About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bleeds to death . This type of losses it's insurmountable ...gone case
Useful To Me  Not Useful To Me
St.Maximus Supreme	06-Nov-2020 23:20        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	I see two different points here being made, one regarding the effect of fundamentals and results on price and the second being the importance of fundamentals in investing. Greg is arguing that price is dependent on BBs rather than on results. Qing, however, is arguing that investors should invest based on a company' s fundamentals and on its results rather than investors buying on branding. What I do here is to correct a few observations about the price of the shares of SIA over the course of the year. SIA price has declined since the start of the year. While it is not a straight line daily decline, the trend was downwards since beginning 2020. It certainly rose today, but it has not been as Greg has said, ' daily UP' despite a 3.5bn loss. So if SQ loses 1 trillion dollars (even exaggerated), it is unlikely any BB including TH will want to support it anymore. So its price will fall towards ZERO (not SQ UP as Greg had asserted). And while Greg is right to say that BB support is key to the sotck market share prices, the results of a company is equally important, if not more, because it is the main cause (other than for political/strategic reasons) of why BBs and other investors will want to support the price in the first place. Simply put, higher profits tend to lead to higher prices in the long run.  The converse is also true, lower profits lead to lower prices in the long run. That is what we are seeing in SIA now.   nqing87      ( Date: 06-Nov-2020 20:49) Posted: actually what we are trying to say is the same.. our point is although by right we should be investing base on fundamentals, but reality is not that simple and stock price can behave in irrational manner, dictated by the BB gregtan123      ( Date: 06-Nov-2020 20:19) Posted: Bro sorry I have to disagree. this is STI/SGX lei. this is not Dow Jones or HKEX.  As we speak, Medtecs has INSANE results x3-4 quarters yet daily SELL DOWN. SQ has 3.5 Billion LOSS and counting, yet daily UP. Please stop wth the results BS. I repeat ah SQ can lose 1 trillion dollars, Medtecs make 1 Billion. Price movement still Medtecs Down, SQ UP.  in Stock Market, Results is BS. BB support is KEY
Useful To Me  Not Useful To Me
WiseInvestor Elite	06-Nov-2020 23:04        WiseInvestor About Contact  Quote this Post!   Yells: "Forex Biz Opportunity for traders!"
x 0   x 0  Alert Admin	I read your posts about disposal matters. I agreed...You have a good accounting knowledge. St.Maximus      ( Date: 06-Nov-2020 23:00) Posted: Yes, thanx for your clarifications and expert accounting views, wiseinvestor. Definitely the results are worse Y/Y and also Q/Q. ETBITA surely will not cover even interest payments. But they have cash to pay for it. As for impairments, yes, these can be reversed if the planes are flying again, provided they are not sold. So thank you again for your input. We needed your accounting skills here.   WiseInvestor      ( Date: 06-Nov-2020 22:53) Posted: I just checked financial numbers of SIA. They seem worse. Understanding Covid-19 pandemic, the recovery can' t work well over short-medium term cos there are currently closed travelling borders except for air cargo service, and SIA is very high debt-laden. Still risky interest coverage ratio, saying ETBITA can' t cover interest expenses. In view of that MCBs is accounted for in equity only than accounted for as a liability or shared liability and equity because MCBs are within the issuer' s right to exercise conversion or redemption option, SIA made wise move to save interest costs in bad times until the end of 10th year or earlier,  if 4.84 price or higher take place, they will excercise conversion option, Otherwise, they will exercise redemption option. Either way is not good cos of 1) high dilution of existing shareholders or 2) high impact on income statement in term of accumulated interest expenses over 10 years or less. Refering to high impairment loss on aircrafts (removed from service fleet), they don' t really mean to be disposed of or fully retired. When there is a postive situation call for use of old aircrafts, especially when highly demanded, high impairment loss will be reversed. This don' t need to be a permanent impairment loss. This is in accorance with IFRS - impairment of assets. Anyway, looking forward to long term recovery since i have few shares of SIA. I am not joining any shortists' camp.
Useful To Me  Not Useful To Me
St.Maximus Supreme	06-Nov-2020 23:00        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, thanx for your clarifications and expert accounting views, wiseinvestor. Definitely the results are worse Y/Y and also Q/Q. ETBITA surely will not cover even interest payments. But they have cash to pay for it. As for impairments, yes, these can be reversed if the planes are flying again, provided they are not sold. So thank you again for your input. We needed your accounting skills here.   WiseInvestor      ( Date: 06-Nov-2020 22:53) Posted: I just checked financial numbers of SIA. They seem worse. Understanding Covid-19 pandemic, the recovery can' t work well over short-medium term cos there are currently closed travelling borders except for air cargo service, and SIA is very high debt-laden. Still risky interest coverage ratio, saying ETBITA can' t cover interest expenses. In view of that MCBs is accounted for in equity only than accounted for as a liability or shared liability and equity because MCBs are within the issuer' s right to exercise conversion or redemption option, SIA made wise move to save interest costs in bad times until the end of 10th year or earlier,  if 4.84 price or higher take place, they will excercise conversion option, Otherwise, they will exercise redemption option. Either way is not good cos of 1) high dilution of existing shareholders or 2) high impact on income statement in term of accumulated interest expenses over 10 years or less. Refering to high impairment loss on aircrafts (removed from service fleet), they don' t really mean to be disposed of or fully retired. When there is a postive situation call for use of old aircrafts, especially when highly demanded, high impairment loss will be reversed. This don' t need to be a permanent impairment loss. This is in accorance with IFRS - impairment of assets. Anyway, looking forward to long term recovery since i have few shares of SIA. I am not joining any shortists' camp.
Useful To Me  Not Useful To Me
WiseInvestor Elite	06-Nov-2020 22:57        WiseInvestor About Contact  Quote this Post!   Yells: "Forex Biz Opportunity for traders!"
x 0   x 0  Alert Admin	I just checked financial numbers of SIA. They seem worse. Understanding Covid-19 pandemic, the recovery can' t work well over short-medium term cos there are currently many closed travelling borders except for air cargo service, and SIA is very high debt-laden. Still risky interest coverage ratio, saying ETBITA can' t cover interest expenses. In view of that MCBs is accounted for in equity only than accounted for as a liability or shared liability and equity because MCBs are within the issuer' s right to exercise conversion or redemption option, SIA made wise move to save interest costs in bad times until the end of 10th year or earlier,  if 4.84 price or higher take place, they will excercise conversion option, Otherwise, they will exercise redemption option. Either way is not good cos of 1) high dilution of existing shareholders or 2) high impact on income statement in term of accumulated interest expenses over 10 years or less. Refering to high impairment loss on aircrafts (removed from service fleet), they don' t really mean to be disposed of or fully retired. When there is a postive situation call for use of old aircrafts, especially when highly demanded, high impairment loss will be reversed. This don' t need to be a permanent impairment loss. This is in accorance with IFRS - impairment of assets. Anyway, looking forward to long term recovery since i have few shares of SIA. I am not joining any shortists' camp
Useful To Me  Not Useful To Me
Goldfinger Supreme	06-Nov-2020 22:28        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Simply horrible results - time to cut more staff pay and pilots and cabin crew. We cannot subsidise them forever.
Useful To Me  Not Useful To Me
nqing87 Supreme	06-Nov-2020 22:19        nqing87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	future is kinda unpredictable.. that time when oil price falls and O& G industry in downturn, no one expect the down cycle to be so long.. even until now, O& G industry never recover.. ppl will eventually want to travel and have vacation, but just dunno when the world will finally open up and let planes fly zandlery      ( Date: 06-Nov-2020 21:31) Posted: Even they did the plane not design for cargo. Per trip profit definitely cannot compare to those specify cargo plane. The conversion can only minimise losses. Open border is the only way out and seen like in the pandemic situation, airlines are necessary sacrifice. This stock can only buy when their flight start to take off... Else u just betting on a better future but uncertain. Not vested or anything just speaking what I think. Buying SIA like buying O&G stock when oil price 1st plunge back then. Betting future will be better but we all know many don't survive to see the light. gregtan123      ( Date: 06-Nov-2020 21:24) Posted: they did what u go googl
Useful To Me  Not Useful To Me
uiop1223 Supreme	06-Nov-2020 21:51        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looking forward to plunge till issue price of $3 🤩 🤩 🤩 🤩 Good for SIA fans also. Can buy more at lelong price
Useful To Me  Not Useful To Me
zandlery Supreme	06-Nov-2020 21:31        zandlery About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Even they did the plane not design for cargo. Per trip profit definitely cannot compare to those specify cargo plane. The conversion can only minimise losses. Open border is the only way out and seen like in the pandemic situation, airlines are necessary sacrifice. This stock can only buy when their flight start to take off... Else u just betting on a better future but uncertain. Not vested or anything just speaking what I think. Buying SIA like buying O&G stock when oil price 1st plunge back then. Betting future will be better but we all know many don't survive to see the light. gregtan123      ( Date: 06-Nov-2020 21:24) Posted: they did what u go google mrwonderful      ( Date: 06-Nov-2020 21:18) Posted: why airlines like SIA dont convert their passenger planes temporarily to transport cargo? i.e. load up the empty passenger seats with alibaba goods, pharmaceuticals, etc, (secured properly), transport it around to earn extra $ instead of letting the planes rot on tarmac.
Useful To Me  Not Useful To Me
St.Maximus Supreme	06-Nov-2020 21:27        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	That is all from me folks... ... my eyes are tired. It has been a long day and I have not had a beer! There will be a Q/A session with management following the 1H report and that session will be recorded down in words and typed out nicely as another report - management  discussion cum Q/A. This is usually released on the SGX website a day or two after the results are announced. Do look out for it, please! Ahh... and now for a TIGER!
Useful To Me  Not Useful To Me
uiop1223 Supreme	06-Nov-2020 21:27        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup. Debt of 8.5bn. How much is the interest? 2% pa is $170m pa. Naturally long term debt carries higher interest right? Just like a person who max out credit card, he can make the minimum payment and keep rolling. In this case, SIA can choose to roll over. But at what cost to shareholders? When we search for undervalued companies, debt free or little debt is one of the criteria we look out for right? Cash is blood, lifeline of a company. Without blood, u can have good prospects but company will still fail. St.Maximus      ( Date: 06-Nov-2020 21:15) Posted: SIA' s debt to be repaid in less than a year or demand is 1bn. The rest of its debt - some 8.5bn, is repayable after one year. uiop1223      ( Date: 06-Nov-2020 20:35) Posted: Lets look at 19 oct announcement on cash burn by SIA from 15 aug to 13 oct which is ard 1.5mths Further to the Previous Announcements, the Company would like to announce that a further S$1.8 billion, approximately, out of the gross proceeds of S$8.8 billion raised from the Rights Issue has been utilised between 15 August and 13 October, as follows: (a) approximately S$0.6 billion has been applied towards the funding of ongoing operating expenses (b) approximately S$0.5 billion has been applied towards refund of tickets sold on flights which have been subsequently cancelled in view of the continuing border controls and travel restrictions (c) approximately S$0.7 billion has been applied towards debt service, which included the periodic interest payments for the Company?s unsecured and secured loans, and repayment of funds previously drawn under certain lines of credit thereby restoring their availability as sources of liquidity to the Company. Takeaway: (a) and (c) still need to be incurred. (b) i take it as one off So cash burn per 1.5mth is approx $1.3b which works out to be $860m per mth. Then assuming green lane, rainbow rain lane or whatever lane. SIA get $60m net positive cash per mth which is optimistic. Net cash burn per mth = $800m $7b cash can last up to 9mths only and note that not all cash belongs to SIA. How much of $7b belongs to loans taken from banks?
Useful To Me  Not Useful To Me
Flyingtask Supreme	06-Nov-2020 21:26        Flyingtask About Contact  Quote this Post!
x 0   x 0  Alert Admin	SIA Group reports first half net loss of S$3.5 billion as passenger numbers fall by 98.9% amid COVID-19 06 Nov 2020 07:15PM (Updated: 06 Nov 2020 08:20PM) https://www.channelnewsasia.com/news/singapore/covid-19-sia-group-first-half-net-loss-of-3-5-billion-13480628
Useful To Me  Not Useful To Me
gregtan123 Supreme	06-Nov-2020 21:24        gregtan123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	they did what u go google mrwonderful      ( Date: 06-Nov-2020 21:18) Posted: why airlines like SIA dont convert their passenger planes temporarily to transport cargo? i.e. load up the empty passenger seats with alibaba goods, pharmaceuticals, etc, (secured properly), transport it around to earn extra $ instead of letting the planes rot on tarmac.
Useful To Me  Not Useful To Me
St.Maximus Supreme	06-Nov-2020 21:18        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Which leads me to the fourth positive: SIA' s debt consists mainly of long term debt, and therefore, no worries about short-term repayments which are more than covered by 7.0 billion cash on hand. St.Maximus      ( Date: 06-Nov-2020 21:15) Posted: SIA' s debt to be repaid in less than a year or demand is 1bn. The rest of its debt - some 8.5bn, is repayable after one year. uiop1223      ( Date: 06-Nov-2020 20:35) Posted: Lets look at 19 oct announcement on cash burn by SIA from 15 aug to 13 oct which is ard 1.5mths Further to the Previous Announcements, the Company would like to announce that a further S$1.8 billion, approximately, out of the gross proceeds of S$8.8 billion raised from the Rights Issue has been utilised between 15 August and 13 October, as follows: (a) approximately S$0.6 billion has been applied towards the funding of ongoing operating expenses (b) approximately S$0.5 billion has been applied towards refund of tickets sold on flights which have been subsequently cancelled in view of the continuing border controls and travel restrictions (c) approximately S$0.7 billion has been applied towards debt service, which included the periodic interest payments for the Company?s unsecured and secured loans, and repayment of funds previously drawn under certain lines of credit thereby restoring their availability as sources of liquidity to the Company. Takeaway: (a) and (c) still need to be incurred. (b) i take it as one off So cash burn per 1.5mth is approx $1.3b which works out to be $860m per mth. Then assuming green lane, rainbow rain lane or whatever lane. SIA get $60m net positive cash per mth which is optimistic. Net cash burn per mth = $800m $7b cash can last up to 9mths only and note that not all cash belongs to SIA. How much of $7b belongs to loans taken from banks?
Useful To Me  Not Useful To Me
mrwonderful Veteran	06-Nov-2020 21:18        mrwonderful About Contact  Quote this Post!
x 0   x 0  Alert Admin	why airlines like SIA dont convert their passenger planes temporarily to transport cargo? i.e. load up the empty passenger seats with alibaba goods, pharmaceuticals, etc, (secured properly), transport it around to earn extra $ instead of letting the planes rot on tarmac.
Useful To Me  Not Useful To Me

                                                         First   < Newer   8061-8080 of 11712   Older>   Last