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They fly emirate cos cheaper and more value for money, SIA is for those super rich or corporate business lol. Look like the pull back eased around the lower end of market privatisation range. Now waiting game begin
Every country has a national airlines,
and for safety reason, the cabinet of Singapore will only fly with SIngapore Airlines.
It has to be Singapore owned and controlled, period.
Don see any market movement on it. SIA eng is the drama settee now, cos what happen to it would affect SIA. No such national pride on SIA, late lee k y also wanna break up sia and divest it away to boost changi, in a way also get rid of the pilot union and wash hand off. SG moving toward smart nation and become global interconnect centre, only focus on airports , mrt and ports, they don wanna run ship or airplane too high risk low margin. Sell off SIA and SIA eng would be very good for temasek wallet but retail investors that buy high would die high. By the temasek more into divestmeng rather than investment as per announcement today, they trying to cash out before next recession caused by us chine decoupling. Take care and heed temasek forewarning, thing ugly in the next few years. Sale to preserve cash and wait for great singapore recession stock sale
You dont sell a national pride, especially
one that has won many rounds
of the Best Airlines In the World.
SIA Engineering co-exists with SIA
to ensure continued success of the latter.
There is no reason for divestment and privatisation.
If SIA privatisation less of possibility, a total divestion by SIA to third party might be on the card. Unlocking value from SIA eng stake would release cash to repair balance sheet and reward long term investor through special dividend. Look like market expectation for higher price dying out and more in range of the lower base 10% premium. Day of reckoning approaching as SIA on last third year of 3 year transformstion plan. If still cannot improve margin, prepare for same fate as NOL, sold to third party to better changi grp.
SIA Engineering&rsquo s surge last week on speculation parent Singapore Airlines might take the company private was &ldquo too fast too furious,&rdquo with the optimism already priced in, CGS-CIMB said in a note Friday.
On Thursday and Friday of last week, SIA Engineering shares surged a combined around 15 percent. On Monday, the stock retreated 2.77 percent to S$2.81 by 11:59 A.M. SGT.
In a research note on Friday, DBS analysts said the stock price spike could indicate the possibility parent Singapore Airlines might take the company private. But in response to a query from SGX, SIA Engineering said Friday it wasn&rsquo t aware of any information not previously announced which could explain the trading, nor was it aware of any other possible explanation.
CGS-CIMB said it was the brokerage&rsquo s &ldquo ongoing wish&rdquo for SIA to take SIA Engineering private, seeing no reason for it to remain listed, but SIA Engineering&rsquo s response to SGX indicated &ldquo this wish may not come true soon.&rdquo
Singapore Airlines &ldquo has enough issues on hand,&rdquo CGS-CIMB said in a note Friday, pointing to concerns ranging from yield pressure on long-haul flights, competition from Chinese airlines and higher oil prices.
In addition, Singapore Airlines&rsquo balance sheet is already stretched, with 28 aircraft due for delivery by the end of fiscal 2020, CGS-CIMB said, citing estimates the carrier&rsquo s total borrowings could double to around S$12.2 billion from S$6.7 billion this year.
&ldquo We believe it is better strategy for SIA to conserve cash for now,&rdquo the brokerage said.
The note also estimated that an acquisition at CGS-CIMB&rsquo s target price of S$3.11 on SIA Engineering would result in adding only around 3 percent to Singapore Airlines&rsquo earnings.
&ldquo We think the risk-reward is not attractive and efforts to privatise can be better channeled elsewhere,&rdquo the note said.
CGS-CIMB kept a Buy call on SIA Engineering, noting the stock yields around 4 percent.
This is one legacy for sia to fully complete its transformation journey. Possibly, sia is in talk with a 3rd party, and some news has leaked out.
runaway ( Date: 09-Jul-2019 10:45) Posted:
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I disagree with that standard reply.
If it has been discussed internally, SIA Board has to be transparent and reply accordingly.
Standard reply means 100% rumor.
SIA reply is the standard they would not reply to market speculation, it is not deny nor admit. What decision SIA made would decide sia eng fate. SIA eng just a puppet playing to tune of it master SIA, just keep ur finger cross as this is the second time privatisation rumour pop. When thunder strike twice, something would happen.
SGX queried, and it said NO.
As a reputable company, a No is a No.
If indeed something is brewing and the news has been leaked, the normal response of a reputable company is to half the share and make an announcement.
Since there is no halt, this is only a hoax.
. .. is ysterd&rsquo closing quite near to it&rsquo s low at her 2nd day brews!
wondering is it not rather fast and bias of distributing jobs done🍀 !
You are a great way 2FLY .
wondering is it not rather fast and bias of distributing jobs done🍀 !
You are a great way 2FLY .
Market normally is very zui on M& A, it is just when is the timing. Insider working on it know and spread the news to their trading friends then they play up the stock up and down to benefit the difference. As long bb are in, there would be difference in stock price to benefit. DBS guessed already being tipped off by insider snd adjusted their forcast lol
No wind where got waves ! Not sure cannot say don't have....wait long maybe really have ?
😊 😊
easywin ( Date: 07-Jul-2019 23:52) Posted:
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Do not follow blindly as maybe some unloading is ongoing.
The SIA privatisation rumour had been ongoing since 2017 but never confirmed by SIA. This is the second time SIA eng divestment rumour pop again, maybe this time something would happen
Well it could a SIA divestment of it 78% stake to third party which would trigger a takeover.
XX,000 shares no enough la.
Buy 5% and you will be accorded a major shareholder, and what you say will carry weight, and when you buy or sell, the market will react.
Lousy company, not shareholder friendly. I have XX,000 shqres and email them months ago to include me in mailing list for all corporate updates. No reply no email updates so far. Website also not use friendly.
runaway ( Date: 07-Jul-2019 13:14) Posted:
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I think it is likely a rumor.
This kind of news is restricted to a select fee at the Board level, not easily leaked.
I would take profit than to wait for the Board to quash it.
Now buy late already....the most if privatised $3.00 need to wait many months / years to realise.. eg SMRT Tiger air or Vard etc...
stockgurus ( Date: 07-Jul-2019 11:57) Posted:
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