ShareJunction - Stock Forum Messages

SIA Last:6.97

-0.08

SIA revived

economy is gg down, hence the rate cut

Mark001 ( Date: 02-Aug-2024 10:03) Posted:

No matter who talks or to whom, the U.S economy is still strong right now. Otherwise the Fed would not wait untill Sep to cut rates.

My point of view only.

Alignment ( Date: 02-Aug-2024 09:49) Posted:

Stronger than your expectations perhaps. It depends on who you talk to.

I remember seeing two Lawrence Summer speeches, one two years ago and one a year ago. Two years ago he expected a hard landing, One year ago he expected no landing. Where we are now is somewhere inbetween, which is stronger than his expectations two years ago but weaker than his expectations one year ago.

The 5.xx is arrived.

Take your own responsibility.

Mark001 ( Date: 01-Aug-2024 14:57) Posted:

Return to $5.xx queue soon.

BinderyT ( Date: 01-Aug-2024 14:23) Posted:

Well, why are they highlighting fuel +$316m but keep quiet on non-fuel +$206m? $206m is not insignificant

It' s ok, just keep your believing.
But I prefer to believe the Fed' s point of view rather than the so called investment institutions.

Alignment ( Date: 02-Aug-2024 20:35) Posted:

I don' t want to monopolise this thread over this particular point but I don' t think using Fed actions as indicating the state of the economy is particularly sensible.

It is accepted by a majority of US institutional investors that during the chairmanships of the last 4 fed chairs (Greenspan, Bernanke, Yellen, Powell) the fed has been too slow to react when the market turns (both up and down). This has been one of the most consistent themes of this particular era.

Mark001 ( Date: 02-Aug-2024 10:03) Posted:

No matter who talks or to whom, the U.S economy is still strong right now. Otherwise the Fed would not wait untill Sep to cut rates.

My point of view only

I don' t want to monopolise this thread over this particular point but I don' t think using Fed actions as indicating the state of the economy is particularly sensible.

It is accepted by a majority of US institutional investors that during the chairmanships of the last 4 fed chairs (Greenspan, Bernanke, Yellen, Powell) the fed has been too slow to react when the market turns (both up and down). This has been one of the most consistent themes of this particular era.

Mark001 ( Date: 02-Aug-2024 10:03) Posted:

No matter who talks or to whom, the U.S economy is still strong right now. Otherwise the Fed would not wait untill Sep to cut rates.

My point of view only.

Alignment ( Date: 02-Aug-2024 09:49) Posted:

Stronger than your expectations perhaps. It depends on who you talk to.

I remember seeing two Lawrence Summer speeches, one two years ago and one a year ago. Two years ago he expected a hard landing, One year ago he expected no landing. Where we are now is somewhere inbetween, which is stronger than his expectations two years ago but weaker than his expectations one year ago.

Of course the money is yours.
PDYODD.

Don' t be influenced by analysts' price targets too much and just take a look.
The focus is on trying hard to understand the interpretations and expectation of trustworthy analysts.

Sin_Cos_Tan ( Date: 02-Aug-2024 11:17) Posted:

Analysts at DBS Group Research and Citi Research are keeping their respective " hold" and " neutral" calls at unchanged target prices of $6.50 and $6.76 respectively
on Singapore Airlines C6L -1.28% (SIA) following the company' s 1QFY2025 ended June results.

Sin_Cos_Tan ( Date: 02-Aug-2024 09:34) Posted:

SIA reports lower quarterly profit as yields fall and fuel costs rise
Net fuel cost increased 30.1 per cent to $1.37 billion, mainly due to higher volumes uplifted, price increases and a lower fuel hedging gain.
In addition to the weaker operating performance, the bottom line was also weighed down by a reduction in net interest income, a lower surplus on disposal of aircraft, spares and spare engines, and a lower share of profits of associated companies. But this decline was partially mitigated by a fall in tax expense.

Cash and bank balances fell by $1.2 billion to $10.1 billion, mainly due to the redemption of all remaining MCBs. SIA paid out the principal amount of $1.74 billion on June 24, which in turn was partially mitigated by the $1.2 billion of net cash generated from operations, including proceeds from forward sales.
In addition to cash on hand, the group has access to $3.3 billion of committed lines of credit, all of which remain untapped.

The firm said it " remains well positioned to navigate these headwinds, supported by its strong balance sheet and robust digital capabilities, as well as its firm commitment to maintaining cost discipline" .
It also noted that it would continue to pursue deeper commercial partnerships with like-minded carriers, particularly in fast-growing markets within the Asia-Pacific region, to enhance connectivity and widen travel options to customers.

Analysts at DBS Group Research and Citi Research are keeping their respective " hold" and " neutral" calls at unchanged target prices of $6.50 and $6.76 respectively
on Singapore Airlines C6L -1.28% (SIA) following the company' s 1QFY2025 ended June results.

Sin_Cos_Tan ( Date: 02-Aug-2024 09:34) Posted:

SIA reports lower quarterly profit as yields fall and fuel costs rise
Net fuel cost increased 30.1 per cent to $1.37 billion, mainly due to higher volumes uplifted, price increases and a lower fuel hedging gain.
In addition to the weaker operating performance, the bottom line was also weighed down by a reduction in net interest income, a lower surplus on disposal of aircraft, spares and spare engines, and a lower share of profits of associated companies. But this decline was partially mitigated by a fall in tax expense.

Cash and bank balances fell by $1.2 billion to $10.1 billion, mainly due to the redemption of all remaining MCBs. SIA paid out the principal amount of $1.74 billion on June 24, which in turn was partially mitigated by the $1.2 billion of net cash generated from operations, including proceeds from forward sales.
In addition to cash on hand, the group has access to $3.3 billion of committed lines of credit, all of which remain untapped.

The firm said it " remains well positioned to navigate these headwinds, supported by its strong balance sheet and robust digital capabilities, as well as its firm commitment to maintaining cost discipline" .
It also noted that it would continue to pursue deeper commercial partnerships with like-minded carriers, particularly in fast-growing markets within the Asia-Pacific region, to enhance connectivity and widen travel options to customers.

Sin_Cos_Tan ( Date: 01-Aug-2024 13:32) Posted:

SIA GROUP REPORTS FIRST QUARTER NET PROFIT OF $452 MILLION
* Passenger flown revenue up on capacity growth and strong load factors
* Lower yield and rise in fuel costs ($ 317M ) contribute to lower year-on-year operating profit
* Airline industry continues to contend with heightened competition, supply chain constraints, inflationary cost pressures, and geopolitical uncertainties
* Group remains well-positioned to navigate challenges and pursue growth opportunities leveraging its robust foundations,
strategic initiatives such as investments in India and deeper airline partnerships, and rigorous cost discipline
https://www.singaporeair.com/content/dam/sia/web-assets/pdfs/about-us/information-for-investors/financial-results/bu-q1fy2425.pdf

No matter who talks or to whom, the U.S economy is still strong right now. Otherwise the Fed would not wait untill Sep to cut rates.

My point of view only.

Alignment ( Date: 02-Aug-2024 09:49) Posted:

Stronger than your expectations perhaps. It depends on who you talk to.

I remember seeing two Lawrence Summer speeches, one two years ago and one a year ago. Two years ago he expected a hard landing, One year ago he expected no landing. Where we are now is somewhere inbetween, which is stronger than his expectations two years ago but weaker than his expectations one year ago.

What I know is that
US economy growth is stronger than expected a year ago, inflation is slowing from its peak.

Alignment ( Date: 02-Aug-2024 09:11) Posted:

Market expectations are too jelak. US economy slowdown a symptom that world finances below the surface not in a good place.

SIA reports lower quarterly profit as yields fall and fuel costs rise
Net fuel cost increased 30.1 per cent to $1.37 billion, mainly due to higher volumes uplifted, price increases and a lower fuel hedging gain.
In addition to the weaker operating performance, the bottom line was also weighed down by a reduction in net interest income, a lower surplus on disposal of aircraft, spares and spare engines, and a lower share of profits of associated companies. But this decline was partially mitigated by a fall in tax expense.

Cash and bank balances fell by $1.2 billion to $10.1 billion, mainly due to the redemption of all remaining MCBs. SIA paid out the principal amount of $1.74 billion on June 24, which in turn was partially mitigated by the $1.2 billion of net cash generated from operations, including proceeds from forward sales.
In addition to cash on hand, the group has access to $3.3 billion of committed lines of credit, all of which remain untapped.

The firm said it " remains well positioned to navigate these headwinds, supported by its strong balance sheet and robust digital capabilities, as well as its firm commitment to maintaining cost discipline" .
It also noted that it would continue to pursue deeper commercial partnerships with like-minded carriers, particularly in fast-growing markets within the Asia-Pacific region, to enhance connectivity and widen travel options to customers.

Sin_Cos_Tan ( Date: 01-Aug-2024 13:32) Posted:

SIA GROUP REPORTS FIRST QUARTER NET PROFIT OF $452 MILLION
* Passenger flown revenue up on capacity growth and strong load factors
* Lower yield and rise in fuel costs ($ 317M ) contribute to lower year-on-year operating profit
* Airline industry continues to contend with heightened competition, supply chain constraints, inflationary cost pressures, and geopolitical uncertainties
* Group remains well-positioned to navigate challenges and pursue growth opportunities leveraging its robust foundations,
strategic initiatives such as investments in India and deeper airline partnerships, and rigorous cost discipline
https://www.singaporeair.com/content/dam/sia/web-assets/pdfs/about-us/information-for-investors/financial-results/bu-q1fy2425.pdf

Market expectations are too jelak. US economy slowdown a symptom that world finances below the surface not in a good place.

on a downward trend.

MrBear12 ( Date: 02-Aug-2024 08:04) Posted:

Price will come under increasing pressure.

Joelton ( Date: 02-Aug-2024 08:02) Posted:

SIA shares fall on Thursday after Q1 earnings miss

The airline posts net profit of S$451.7 million in Q1, a 38.5 per cent drop from S$734 million in the year-ago period

SHARES of Singapore Airlines : C6L -10.47% (SIA) fell in early trading on Thursday (Aug 1) morning, after the group posted a 38.5 per cent drop in net profit for its first quarter ended June.

As at 9.05 am, the counter lost S$0.84 or 12.1 per cent to S$6.13 from Wednesday&rsquo s closing price of S$6.97. This was S$0.46 or 7 per cent below Wednesday&rsquo s adjusted price of S$6.59, factoring in a dividend of S$0.38 per share. The company began trading ex-dividend on Thursday morning.

By the mid-day trading break, SIA was one of the most actively traded counters by volume. Its shares were down S$0.71 or 10.2 per cent at S$6.26, with 20.3 million shares changing hands.

No married deals were recorded in early trade, ShareInvestor data showed.

On Wednesday, SIA posted net profit of S$451.7 million in the first quarter, a 38.5 per cent drop from S$734 million in the year-ago period.

The group attributed the decline to weaker operating performance, a fall in net interest income, lower surplus on disposal of aircrafts, as well as a lower share of profit from its associated companies.

Revenue rose 5.3 per cent year on year to S$4.7 billion in the three months ended Jun 30, SIA said. Meanwhile, group expenditure was up 14 per cent at S$4.2 billion.

Earnings per share stood at S$0.128, down from S$0.143 cents in Q1 the previous year.