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Thanks vivivava. this is what i call an informative post. keep it up.
From Goldman Sach Feb 9th
What surprised us On February 6, Singapore Airlines (SIA) reported 3QFY3/15 results. Preexceptional net profit came in at S$202 mn, in line with both our and Bloomberg consensus estimates of S$214 mn and S$197 mn, respectively. During the quarter, SIA&rsquo s post fuel uplift cost declined by 1.9% yoy (vs 26% yoy decline in jet fuel price) mainly due to significant fuel hedging which reached 65% jet fuel consumption at an average price of US$116/bbl, resulting in hedging losses of S$216 mn.
What to do with the stock SIA Cargo&rsquo s margins rebounded in 3Q, improving 2.9pp yoy or 6.2pp qoq to 3.1%, and bucking an average 4.2% yoy decline in the last three quarters (Exhibit 1). Cargo load factors improved 1.6pp yoy but the major contribution was from a lower fuel price environment. Meanwhile, EBIT margins for the passenger segment declined 1.2pp yoy to 3.9% driven by a lower load factor of 78.3% (-1.1pp yoy). Looking ahead, we think passenger booking for calendar year 1Q15 could recover somewhat as traffic to/from Southeast Asia recovers during Chinese New Year. However, we expect yield pressure to persist throughout calendar 2015, due to significant discounts offered by Middle Eastern carriers and LCCs on long-haul routes to fill seats. We maintain our Neutral rating on the stock. Our 12-m EV/GCI vs. CROCI/WACC-based TP of S$9.60 is unchanged (target EV/GCI multiple 0.49X derived from an average FY3/16E CROCI of 9.1%). Key risks: Upside: Stronger-than-expected cargo demand. Downside: Sharp increase in oil prices.
3/14 3/15E 3/16E 3/17E
EPS (S$) 0.39 0.37 0.45 0.46
EPS growth (%) 14.1 (4.5) 21.7 1.2
EPS (diluted) (S$) 0.30 0.37 0.45 0.46
EPS (basic pre-ex) (S$) 0.40 0.37 0.45 0.46
P/E (X) 26.3 32.5 26.7 26.4
P/B (X) 0.9 1.1 1.0 1.0
EV/EBITDA (X) 4.7 5.7 6.1 6.4
Dividend yield (%) 4.6 1.6 1.9 1.9
ROE (%) 2.7 3.3 3.9 3.9
CROCI (%) 10.5 9.2 9.1 9.0
SIA' s last share buy back was on 25th Nov ard 10.23
Since then it stopped. So we can get a sense where they themselves think the fair value was
Thanks gavin. I believe i posted my contract with my exact number of lots but stockhero here never posted his " 50 lots" . My advise to everyone watch ut for this dude. He has multiple personalities on this board. He tries to talk up or down a stock. Clearly evident to serious investors that is why they never engage him. He has a conversation with himself most day!
gavinl ( Date: 10-Feb-2015 07:26) Posted:
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US all sector is down except Energy
Sun didn't got burned. In fact, he made more than 10k to fund his holiday. I got burned by shorting it last year. Lol
stockhero ( Date: 09-Feb-2015 22:52) Posted:
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you also asked to wait for keppel corp when the price was lower than 8.20. the price now is over 8.70. wait you head lah!
sun233 ( Date: 09-Feb-2015 21:16) Posted:
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you got burnt? LOL
there will be more surprises ahead, dude.
sun233 ( Date: 08-Feb-2015 19:46) Posted:
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On the bright side ...........can start picking up again. Not yet though ..wait a while.
http://forums.hardwarezone.com.sg/eat-drink-man-woman-16/goh-choon-phong-man-who-destroying-sia-4751304.html
more on topdollar man we are paying to run SIA
look at the growth n dividend growth...-ve...
temasek got to wake up soon...strategic industry need strategic leaders but we paying top dollar getting someone who gives us -ve growth
Total Calculated Compensation$3,780,535
Total Hours: (40x52 weeks) = 2080 Hours
Hourly Pay = $1817.56
Means he eat 1 hr lunch also get paid someone' s monthly wage,
wah, he makes so much lui every seconds.
http://www.bloomberg.com/research/stocks/people/person.asp?personId=8461674& ticker=SIA1:GR
very aggressive...not a people person...my way or the highway
Goh Choon Phong should step down. If only Chew Choon Seng remains as CEO. Even Bey Soo Kiang I think is better than him. SIA board of directors really must have regretted selected Goh as CEO.
http://markets.ft.com/research/Markets/Tearsheets/Financials?s=C6L:SES
dividen yield 5 yrs ave is 2.23% is quite sad
dividend growth ave of last 5 yrs=-12%
ROE 1.55%...i tot most firm sd be around 10+% thats what the banks are doing
EPS growth 5 years also negative 19%
pretty sad...but at least better than MAS
any techinical expert out there....the chart for SIA is very bearish??
below 20 MA last week and at 50MA now?
$10.80 breakout... also usd strengthening makes travel more expensive for everyone except the Americans.
$12 breakout u mean?
erhaier ( Date: 09-Feb-2015 14:05) Posted:
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did not benefit from fuel price collapse, the $2 breakout is BB blowing hot air balloon.