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Starship Supreme	16-Sep-2020 17:12        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	vicloo      ( Date: 16-Sep-2020 15:22) Posted: And Temasek will pump more cash in! Octavia      ( Date: 16-Sep-2020 13:36) Posted: SIA may exhaust $8.8b debt proceeds before market recovers: analyst Singapore Airlines (SIA) could potentially exhaust its $8.8b in rights and convertible debt proceeds by end-March 2021, warns UOB Kay Hian in a report, unless it manages to defer a large part of its $2b in advance payment for flights. In the report, UOB Kay Hian analyst K Ajith noted that Singapore' s aviation sector could begin to recover by Q1 2021 even before demand for leisure travel returns, on the back of the sector' s expected role in vaccine distribution across APAC. SATS, ST Engineering, and SIA are listed as potential beneficiaries of vaccine development and distribution across the regio. However, for SIA, the losses may greatly offset the gains by the time the vaccine rolls out. " Whilst SIA would theoretically be the most direct beneficiary of vaccine development, its financial position could possibly be severely weakened prior to a global distribution of vaccines," said UOB Kay Hian analyst K Ajith. As of August, the carrier has already utilised $4.4b of the proceeds with $2.9b used for debt repayment and S$1.1b for ticket refunds and settlement of fuel hedging contracts Furthermore, SIA has $5.5b in current trade-related liabilities&mdash including $2b in advance bookings&mdash and S$1.6b in derivative liabilities as at March this year. Even assuming the derivative liabilities diminish in value, UOB Kay Hian estimates that the carrier would have at least a further $6b in payables by end-March 21. SIA also had $2.7b in short-term debt as at end-FY2020 although it is believed this has been fully repaid as of August. From an operating perspective, the carrier is estimated would be burning $200m to $300m per quarter inclusive of lease payments for Q2 to Q3 2021.
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laughingchartist Senior	16-Sep-2020 16:30        laughingchartist About Contact  Quote this Post! Style: Combined   Mood: Yells: "Provides TA strategies to top tier FIs! Always up for a chat"
x 0   x 0  Alert Admin	This is what I see for SIA. Long term, the bottom is nowhere near. And there is still room for further downside even as technical indicators indicate further bearishness
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vicloo Supreme	16-Sep-2020 15:22        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	And Temasek will pump more cash in! Octavia      ( Date: 16-Sep-2020 13:36) Posted: SIA may exhaust $8.8b debt proceeds before market recovers: analyst Singapore Airlines (SIA) could potentially exhaust its $8.8b in rights and convertible debt proceeds by end-March 2021, warns UOB Kay Hian in a report, unless it manages to defer a large part of its $2b in advance payment for flights. In the report, UOB Kay Hian analyst K Ajith noted that Singapore' s aviation sector could begin to recover by Q1 2021 even before demand for leisure travel returns, on the back of the sector' s expected role in vaccine distribution across APAC. SATS, ST Engineering, and SIA are listed as potential beneficiaries of vaccine development and distribution across the regio. However, for SIA, the losses may greatly offset the gains by the time the vaccine rolls out. " Whilst SIA would theoretically be the most direct beneficiary of vaccine development, its financial position could possibly be severely weakened prior to a global distribution of vaccines," said UOB Kay Hian analyst K Ajith. As of August, the carrier has already utilised $4.4b of the proceeds with $2.9b used for debt repayment and S$1.1b for ticket refunds and settlement of fuel hedging contracts Furthermore, SIA has $5.5b in current trade-related liabilities&mdash including $2b in advance bookings&mdash and S$1.6b in derivative liabilities as at March this year. Even assuming the derivative liabilities diminish in value, UOB Kay Hian estimates that the carrier would have at least a further $6b in payables by end-March 21. SIA also had $2.7b in short-term debt as at end-FY2020 although it is believed this has been fully repaid as of August. From an operating perspective, the carrier is estimated would be burning $200m to $300m per quarter inclusive of lease payments for Q2 to Q3 2021.
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Octavia Supreme	16-Sep-2020 13:36        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	SIA may exhaust $8.8b debt proceeds before market recovers: analyst Singapore Airlines (SIA) could potentially exhaust its $8.8b in rights and convertible debt proceeds by end-March 2021, warns UOB Kay Hian in a report, unless it manages to defer a large part of its $2b in advance payment for flights. In the report, UOB Kay Hian analyst K Ajith noted that Singapore' s aviation sector could begin to recover by Q1 2021 even before demand for leisure travel returns, on the back of the sector' s expected role in vaccine distribution across APAC. SATS, ST Engineering, and SIA are listed as potential beneficiaries of vaccine development and distribution across the regio. However, for SIA, the losses may greatly offset the gains by the time the vaccine rolls out. " Whilst SIA would theoretically be the most direct beneficiary of vaccine development, its financial position could possibly be severely weakened prior to a global distribution of vaccines," said UOB Kay Hian analyst K Ajith. As of August, the carrier has already utilised $4.4b of the proceeds with $2.9b used for debt repayment and S$1.1b for ticket refunds and settlement of fuel hedging contracts Furthermore, SIA has $5.5b in current trade-related liabilities&mdash including $2b in advance bookings&mdash and S$1.6b in derivative liabilities as at March this year. Even assuming the derivative liabilities diminish in value, UOB Kay Hian estimates that the carrier would have at least a further $6b in payables by end-March 21. SIA also had $2.7b in short-term debt as at end-FY2020 although it is believed this has been fully repaid as of August. From an operating perspective, the carrier is estimated would be burning $200m to $300m per quarter inclusive of lease payments for Q2 to Q3 2021.
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investor999 Elite	16-Sep-2020 10:24        investor999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	My bad experience with SIA shares is that 90% of people short this shares. So if it goes up in the morning, be very sure that 90% of them sell short. So don't contra
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hlfoo2010 Master	16-Sep-2020 08:22        hlfoo2010 About Contact  Quote this Post!
x 0   x 0  Alert Admin	A survey conducted by Singapore Air Charter showed that 75 percent of the 308 respondents said ......................................................... Do you call this Survey  ??????????????????   uiop1223      ( Date: 15-Sep-2020 14:19) Posted: The way SIA handle retrenchment, like giving golden handshakes. Not like a company who just asked for bailout from temasek and shareholders. Retrenchment under unprecedented crisis should be prudent and every single cent counts. Now it like SIA doing a PR stunt. alleyboy      ( Date: 15-Sep-2020 09:39) Posted: Ok lah. Retrenched staff still got paid till mid december. Benefits still applied till mid dec.
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uiop1223 Supreme	15-Sep-2020 14:19        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The way SIA handle retrenchment, like giving golden handshakes. Not like a company who just asked for bailout from temasek and shareholders. Retrenchment under unprecedented crisis should be prudent and every single cent counts. Now it like SIA doing a PR stunt. alleyboy      ( Date: 15-Sep-2020 09:39) Posted: Ok lah. Retrenched staff still got paid till mid december. Benefits still applied till mid dec.
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kandinsky Master	15-Sep-2020 14:13        kandinsky About Contact  Quote this Post!
x 0   x 0  Alert Admin	I find the retrenchment kind of stupid, when the good times return again and they need people, these same people won't work for SIA but move to other airlines. They should just let these workers go on voluntary no pay leave our work part time or whatever to keep the staff. Goldfinger      ( Date: 15-Sep-2020 08:03) Posted: These retrenched people received benefits cannot Be rehired by SIA!
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ffff152100ffff Master	15-Sep-2020 12:47        ffff152100ffff About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thinking 8 billion from right issue is it going to dry out or soon dry out...
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raykee Veteran	15-Sep-2020 10:41        raykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	why treat these foreign labours so good? retrench giv min amount can already
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alleyboy Veteran	15-Sep-2020 09:39        alleyboy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ok lah. Retrenched staff still got paid till mid december. Benefits still applied till mid dec.
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Trader130 Supreme	15-Sep-2020 09:35        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Newbies on no pay leave ... senior still drawing basic 4K each  uiop1223      ( Date: 15-Sep-2020 03:30) Posted: The company is now like a man in water who cannot swim. Still want to act hero and save others? The way SIA retrench, i dont see any much costs cutting.. may end up paying more! In fact, it almost paying 2-3yrs of advance salary upfront. If this the case, may as well put them on no pay leave or work 2 days per week until travel recovers in 3yrs time 2024. The only cost cutting is hire freeze. I feel sorry for non-temasek shareholders. And i feel sorry for taxpayers because they fund temasek. like2learn      ( Date: 14-Sep-2020 23:19) Posted: the retrenchment sad for those affected but at least the mgmt handled the exercise well compared to those companies which just ask staff go to room and then escort out. " .....they will continue to receive their salary  until Dec 15 this year, The Straits Times has learnt. They will also retain their medical and other benefits until then. On top of this, each affected employee will be paid in lieu of the notice period in their employment contract. This can be up to three months' salary..... ....ST understands that on the first day, affected staff were driven to the venue in pre-booked taxis and driven back afterwards. Upon arrival, they were ushered into a waiting room and given snacks and water.... " https://www.straitstimes.com/singapore/sia-kicks-off-retrenchment-exercise-affected-staff-told-they-will-be-paid-until-dec-15
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Goldfinger Supreme	15-Sep-2020 08:03        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	These retrenched people received benefits cannot Be rehired by SIA!
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uiop1223 Supreme	15-Sep-2020 07:53        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Er...... $2000? joakim      ( Date: 15-Sep-2020 03:43) Posted: Vested small and cautious amount ($2000+) not sure when to average down... waiting at the sideline first. Join our local investor/trader community    http://www.t.me/sgHuat with more than 3000+ investors/traders, Can discuss US/SG/HK stocks/Forex/Commodities/Property (but for condos, can go:    http://www.t.me/sgCondominiums)
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joakim Member	15-Sep-2020 03:43        joakim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Vested small and cautious amount ($2000+) not sure when to average down... waiting at the sideline first. Join our local investor/trader community    http://www.t.me/sgHuat with more than 3000+ investors/traders, Can discuss US/SG/HK stocks/Forex/Commodities/Property (but for condos, can go:    http://www.t.me/sgCondominiums)
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uiop1223 Supreme	15-Sep-2020 03:30        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The company is now like a man in water who cannot swim. Still want to act hero and save others? The way SIA retrench, i dont see any much costs cutting.. may end up paying more! In fact, it almost paying 2-3yrs of advance salary upfront. If this the case, may as well put them on no pay leave or work 2 days per week until travel recovers in 3yrs time 2024. The only cost cutting is hire freeze. I feel sorry for non-temasek shareholders. And i feel sorry for taxpayers because they fund temasek. like2learn      ( Date: 14-Sep-2020 23:19) Posted: the retrenchment sad for those affected but at least the mgmt handled the exercise well compared to those companies which just ask staff go to room and then escort out. " .....they will continue to receive their salary  until Dec 15 this year, The Straits Times has learnt. They will also retain their medical and other benefits until then. On top of this, each affected employee will be paid in lieu of the notice period in their employment contract. This can be up to three months' salary..... ....ST understands that on the first day, affected staff were driven to the venue in pre-booked taxis and driven back afterwards. Upon arrival, they were ushered into a waiting room and given snacks and water.... " https://www.straitstimes.com/singapore/sia-kicks-off-retrenchment-exercise-affected-staff-told-they-will-be-paid-until-dec-15
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like2learn Veteran	14-Sep-2020 23:19        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	the retrenchment sad for those affected but at least the mgmt handled the exercise well compared to those companies which just ask staff go to room and then escort out. " .....they will continue to receive their salary  until Dec 15 this year, The Straits Times has learnt. They will also retain their medical and other benefits until then. On top of this, each affected employee will be paid in lieu of the notice period in their employment contract. This can be up to three months' salary..... ....ST understands that on the first day, affected staff were driven to the venue in pre-booked taxis and driven back afterwards. Upon arrival, they were ushered into a waiting room and given snacks and water.... " https://www.straitstimes.com/singapore/sia-kicks-off-retrenchment-exercise-affected-staff-told-they-will-be-paid-until-dec-15
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TA_Expert Supreme	14-Sep-2020 21:54        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	They are going to make the same mistake as SARS period. kandinsky      ( Date: 14-Sep-2020 21:16) Posted: I don't understand why the staff just can't go on no pay leave and needs to be axed. When covid ends, the planes still need to operate right? vicloo      ( Date: 14-Sep-2020 20:45) Posted: To be fair, I thought 6000 staff were taking unpaid leave since july. Now SIA retrench 4200 of them. https://www.straitstimes.com/singapore/transport/6000-sia-group-staff-take-no-pay-leave-so-firm-can-cope-with-crisi
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kandinsky Master	14-Sep-2020 21:16        kandinsky About Contact  Quote this Post!
x 0   x 0  Alert Admin	I don't understand why the staff just can't go on no pay leave and needs to be axed. When covid ends, the planes still need to operate right? vicloo      ( Date: 14-Sep-2020 20:45) Posted: To be fair, I thought 6000 staff were taking unpaid leave since july. Now SIA retrench 4200 of them. https://www.straitstimes.com/singapore/transport/6000-sia-group-staff-take-no-pay-leave-so-firm-can-cope-with-crisis Goldfinger      ( Date: 14-Sep-2020 18:18) Posted: I think we should really express our deep unhappiness to SIA Management about the high pay to Pilots despite their sitting around doing nothing.  It is perhaps a no brainer that if utilisation plunges over 90%, that utilisation is less than 1 or 2 pilots out of 10 previously.  So, these underutilised pilots are just sitting at home playing computer games, exercising at the gym, or watching Netflix??
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vicloo Supreme	14-Sep-2020 20:45        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	To be fair, I thought 6000 staff were taking unpaid leave since july. Now SIA retrench 4200 of them. https://www.straitstimes.com/singapore/transport/6000-sia-group-staff-take-no-pay-leave-so-firm-can-cope-with-crisis Goldfinger      ( Date: 14-Sep-2020 18:18) Posted: I think we should really express our deep unhappiness to SIA Management about the high pay to Pilots despite their sitting around doing nothing.  It is perhaps a no brainer that if utilisation plunges over 90%, that utilisation is less than 1 or 2 pilots out of 10 previously.  So, these underutilised pilots are just sitting at home playing computer games, exercising at the gym, or watching Netflix??? MAS_Insider      ( Date: 14-Sep-2020 17:32) Posted: Those above 62 don't even need a retrenchment package to let them go. Just a 1 month notice because they are considered retired and then reemployed contract workers. Absolutely no reason to keep them around until they are 65 and waste double digit millions of dollars every year. Shareholders should question the management on the basis for their decision to keep these unproductive retired pilots around on their payroll
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