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Big fishes are slowly buying back at low price, creating a sell on news trend for retail buyers to sell and they collect.
Barcalo ( Date: 17-May-2024 17:07) Posted:
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Nice closing today 6.78....
Shortist today kena trap....covering back at closing.
Singapore Airlines Records Strong Growth in April 2024
Singapore Airlines Ltd. has reported an overall increase in April 2024, with a 14.3% rise in available seat kilometers
and a 12.9% increase in revenue passenger kilometers,indicating a demand growth.
Passenger numbers grew significantly by 20.3%, although there was a slight decrease in passenger load factor by 1.1 percentage points.
The cargo division saw an impressive performance with cargo load factor improving by 7.9 percentage points, driven by a 29.1% jump in cargo and mail carried.
https://www.singaporeair.com/saar5/pdf/Investor-Relations/Operating-Stats/opstats-apr24.pdf
Singapore Airlines Ltd. has reported an overall increase in April 2024, with a 14.3% rise in available seat kilometers
and a 12.9% increase in revenue passenger kilometers,indicating a demand growth.
Passenger numbers grew significantly by 20.3%, although there was a slight decrease in passenger load factor by 1.1 percentage points.
The cargo division saw an impressive performance with cargo load factor improving by 7.9 percentage points, driven by a 29.1% jump in cargo and mail carried.
https://www.singaporeair.com/saar5/pdf/Investor-Relations/Operating-Stats/opstats-apr24.pdf
Alright, noted with thanks
MrBear12 ( Date: 17-May-2024 11:16) Posted:
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I knew what you meant and am impressed with the dividend payout compared with other counters.
But because this is SIA thread, I made a playful comparison with SIA which is still a benchmark.
But because this is SIA thread, I made a playful comparison with SIA which is still a benchmark.
waitlonglong2011 ( Date: 17-May-2024 11:08) Posted:
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I am not comparing with SIA for performance, I am comparing the dividend payout against all other counters.
MrBear12 ( Date: 16-May-2024 16:29) Posted:
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Rising industry capacity exerting pressure on yields, says senior SIA official
The airline&rsquo s chief commercial officer cites this as a factor weighing on SIA&rsquo s performance in the year ahead when asked if 2024&rsquo s banner performance would be repeated
SINGAPORE Airlines (SIA) : C6L -1.17% might not repeat FY2024&rsquo s spectacular increase in its earnings in the year ahead. The airline&rsquo s chief commercial officer has said that rising industry capacity from peers would continue to exert downward pressure on its passenger yields.
Lee Lik Hsin, asked at the group&rsquo s financial results briefing on Thursday (May 16) whether the 24 per cent improvement in its net profit could happen again in FY2025, did not give a direct answer.
Instead, he pointed to the fall in passenger yields in the past six months stemming from the additional capacity from peers.
The group had, on Wednesday, posted earnings of S$2.7 billion and a revenue of S$19 billion &ndash both record highs &ndash for FY2024 to March, on the back of buoyant travel demand as North Asian markets fully reopened their borders.
However, passenger yields at SIA and its low-cost carrier Scoot dipped 7.6 per cent for FY2024. The yield for the budget carrier fell more steeply, by 15.9 per cent, than that of the full-service airline parent, which dipped by 4.7 per cent.
As a result, Scoot posted a 20.3 per cent lower year-on-year operating profit at S$118.1 million for FY2024, and a steeper decline of 68.2 per cent for the second half of FY2024. The full-service carrier&rsquo s operating profit rose 1.3 per cent for the full year, but fell 13.1 per cent for the second half of FY2024.
SIA&rsquo s chief executive Goh Choon Phong, elaborating on the subsidiary&rsquo s decline in profit, said: &ldquo You know that Scoot&rsquo s operations are largely regional. Regional routes are the ones that see a greater injection of capacity, so you can expect there is greater competitive pressure.&rdquo
But the group is &ldquo well-positioned&rdquo for the future, Goh said, citing its strengths such as digital capabilities and industry partnerships.
In a note on Thursday, DBS Equity Research said: &ldquo Core net profits likely peaked in FY2024, due to margin erosion.&rdquo
Morningstar&rsquo s equity research director in Asia, Lorraine Tan, expects a more gradual decline in SIA&rsquo s profitability, as costs have largely normalised and should better match revenue in the future. &ldquo While the full-year fiscal 2024 results aligned with our estimates, the second-half revenue fell short, which was made up for by better-contained costs,&rdquo she said.
She expects SIA&rsquo s earnings to slide by an annual average of 11.7 per cent over the next five years as the industry normalises.
Meanwhile, demand for travel in FY2024 has been boosted by improvement in travel within North Asia, but the recovery has been uneven.
Lee said travel into China has recovered strongly, but traffic out of China has still not recovered to pre-pandemic levels.
The North Asian country was Singapore&rsquo s top tourist source market pre-pandemic. Although it reclaimed the pole position in recent months, the arrivals are not yet at the levels before the pandemic.
The load factor for the group&rsquo s routes into China has gone up with the implementation of the travel-without-visa arrangement between Singapore and China in February, although these flights have still not returned to pre-pandemic levels either. Lee declined to disclose the capacity for this market, but said that the group was adding flights to destinations such as Shanghai, Beijing and Guangzhou.
He said the group expects to be able to operate published schedules amid disruptions in the supply of spare parts arising from supply-chain issues. Scoot recently axed some flights for this reason.
The group posted a 2.6 percentage point rise in passenger load factor to 88 per cent for FY2024. For the second half of the financial year alone, however, there was a marginal 0.1 percentage point slip to 87.3 per cent.
Load factor measures the percentage of available seating capacity filled by paying passengers.
Lee told The Business Times that corporate travel has not recovered to pre-pandemic levels, although the aviation industry has by and large recovered.
The group has managed to fill its seats with other travellers. Lee, asked whether its fourth-quarter results could partly be attributed to the concerts held in Singapore by American singer Taylor Swift or the British band Coldplay, replied: &ldquo Our objective is to fill our flights &ndash no matter (whether) there&rsquo s a Taylor Swift concert or not. Had there not been (a concert), we would still have been able to fill our flights.&rdquo
So an increase of 10-15% in price from now?
Sin_Cos_Tan ( Date: 17-May-2024 10:24) Posted:
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Full redemption of the remaining 25% of MCBs (issued in June 2021) on 24 June 2024
Earnings Per Share:
- FY23/24 : 63.3 cents
- Proforma After Redemption 73.6 cents
Earnings Per Share:
- FY23/24 : 63.3 cents
- Proforma After Redemption 73.6 cents
Sin_Cos_Tan ( Date: 17-May-2024 09:03) Posted:
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TP from master Tan. After 1 year should be 6.10
MrBear12 ( Date: 17-May-2024 09:15) Posted:
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Roger that, thank you, and what, in your view, is a 1 yr target price for this SIA?
We trade at 6.74 now.
In 1 yr, what price estimated?
We trade at 6.74 now.
In 1 yr, what price estimated?
Sin_Cos_Tan ( Date: 17-May-2024 09:03) Posted:
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Recap..
FY 2022/2023 Full year results....
SIA GROUP POSTS HIGHEST NET PROFIT IN ITS 76-YEAR HISTORY
Share prices reaction ....
16/5/23 - $5.92
16/6/23 - $8.05 (high)
P/E ratio before FY 2023/24 results announcement : 19.13
FY 2023/2024 Full year results....
SIA GROUP POSTS RECORD FULL YEAR NET PROFIT OF $2,675 MILLION
+SIA posted a 24 per cent year-on-year increase in net profit to a record high of S$2.7 billion ( FY 2022/2023 : $2.16 B )
+Revenue climbed 7 % to $19 billion ( FY 2022/2023 : $17.78 B )
+Proposed final dividend increase 26.3% to 48 cents per share ( FY 2022/2023 : 38 cents )
+Earnings per share increase 77.8% to 63.3 cents ( 2022/23 - 35.6 cents)
+By 24/6/24 , the Company would have fully redeemed the $9.7 billion of MCBs that were issued in 2020 and 2021.
FY 2022/2023 Full year results....
SIA GROUP POSTS HIGHEST NET PROFIT IN ITS 76-YEAR HISTORY
Share prices reaction ....
16/5/23 - $5.92
16/6/23 - $8.05 (high)
P/E ratio before FY 2023/24 results announcement : 19.13
FY 2023/2024 Full year results....
SIA GROUP POSTS RECORD FULL YEAR NET PROFIT OF $2,675 MILLION
+SIA posted a 24 per cent year-on-year increase in net profit to a record high of S$2.7 billion ( FY 2022/2023 : $2.16 B )
+Revenue climbed 7 % to $19 billion ( FY 2022/2023 : $17.78 B )
+Proposed final dividend increase 26.3% to 48 cents per share ( FY 2022/2023 : 38 cents )
+Earnings per share increase 77.8% to 63.3 cents ( 2022/23 - 35.6 cents)
+By 24/6/24 , the Company would have fully redeemed the $9.7 billion of MCBs that were issued in 2020 and 2021.
You have a better interpretation / analysis to share?
Or anyone?
Or anyone?
Sin_Cos_Tan ( Date: 17-May-2024 08:50) Posted:
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Sorry to say again your interpretations are not correct and unrealistic.
MrBear12 ( Date: 16-May-2024 19:32) Posted:
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As and when shorters throw you their borrowed shares, you may pick some up if you deem price is good.
Barcalo ( Date: 17-May-2024 08:37) Posted:
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Honestly now is the Lelong price to get the 38cents dividend.
8.05 is not unrealistic. If airline industry continues to soar, 15% upside is not unachievable. But need to hold long term to realise its value.
Happy investing to all.
Happy investing to all.
MrBear12 ( Date: 17-May-2024 07:13) Posted:
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Rewarding good work is only natural and right. The increased costs can be covered by increased revenues.
SIA is being fair to its workers.
Some may think these bonuses excessive.
I think it is a one time cost and a very good encouragement to staff at SIA.
They will keep the SIA flying.
SIA is being fair to its workers.
Some may think these bonuses excessive.
I think it is a one time cost and a very good encouragement to staff at SIA.
They will keep the SIA flying.
moneynoenough ( Date: 16-May-2024 20:00) Posted:
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" ..The Straits Times understands that Scoot staff were told on May 16 that they will be getting a bonus of 5.98 months. This came a day after SIA staff were informed that they will receive a profit-sharing bonus of 7.94 months...
https://www.straitstimes.com/business/sia-share-price-slips-as-cost-concerns-overshadow-record-earnings
mgt seemed confident to ride the air waves, nxt altitude 8.05 ...?
https://www.straitstimes.com/business/sia-share-price-slips-as-cost-concerns-overshadow-record-earnings
mgt seemed confident to ride the air waves, nxt altitude 8.05 ...?
Thanks sincostan for pointing out this
The definition of PE ratio is Price to earnings. We know this.
So people are paying about 10 times the earnings last year for the SIA stock now.
What I am doing is to use the price to earnings ratio to estimate what is the expected rate of growth of the company.
Generally, if the price to earnings ratio is high, that means people are willing to pay more for the company because they expect it to grow at a faster rate than the one with a lower PE.
So I used this general rule to estimate the rate of growth of SIA using the PE ratio. It is not entirely accurate and has its limits.
If one is not comfortable using this estimation, one can use another way to estimate the growth of the company. Like historical growth rates etc.
In conclusion, I estimate that SIA's growth rate is closer to 10% based on current PE. This may be far off, but that is only my estimate. Others can estimate differently using their different approaches.
Happy investing in SIA. I think it is a safe stock to be invested over the long term. I was once SIA investor.
The definition of PE ratio is Price to earnings. We know this.
So people are paying about 10 times the earnings last year for the SIA stock now.
What I am doing is to use the price to earnings ratio to estimate what is the expected rate of growth of the company.
Generally, if the price to earnings ratio is high, that means people are willing to pay more for the company because they expect it to grow at a faster rate than the one with a lower PE.
So I used this general rule to estimate the rate of growth of SIA using the PE ratio. It is not entirely accurate and has its limits.
If one is not comfortable using this estimation, one can use another way to estimate the growth of the company. Like historical growth rates etc.
In conclusion, I estimate that SIA's growth rate is closer to 10% based on current PE. This may be far off, but that is only my estimate. Others can estimate differently using their different approaches.
Happy investing in SIA. I think it is a safe stock to be invested over the long term. I was once SIA investor.