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CO soared alrdy pinched SIA lately. Now Cathay Pc 7.8% profit variant as compared to last qtr further agitatting its price. However, comparing apple and orange is out of logic. Cathay n SIA hv diff management stredegies. SIA is the top capitalisation(12.8b) airline in the world(just overtaken Air China due to poor market) whereas Cathay is just only third in ASIA.
Definitly SIA last qtr performance would be affected but as Chairman stated earlier they still can stradegically to make the coy stay alive.
Thought of clearing half of my portfolio this morning but later decided not to loh.
they will be sold down after july 31st, dividend payout of 0.80... that's about 5.7% yield of the current price, will be hit hard to 13.20 easily if the next day is dividend ex date......
Can it form the support of $13.9x? (17Mar08: close $14.14, low 13.90)
tks for the posting, very sorry not really understand, what is the stredegy now, buy in, maintain or sell, as reference to the 80cts div pay out in end Jul? hv vested few, a bit or worry loh.
zhuge_liang ( Date: 03-Jul-2008 00:55) Posted:
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Singapore Airlines tumbled to hit a 15-week low after Cathay Pacific warned investors of "disappointing" H1 earnings due to soaring fuel prices, dealers said.
"The market took the news quite seriously and badly because Cathay Pacific is efficiently-run, and it tells you that SIA might face the same problem because of oil prices," said a dealer.
Cathay Pacific, Asia's 3rd most valuable carrier, said its profit warning came after it was forced to pay 60% more for jet fuel in the first 6 months, on average.
But analysts noted that for Cathay, fuel surcharges were subject to approval by authorities.
"SIA is not subject to any such restrictions by S'pore authorities for flights out of S'pore, essentially having a free hand in raising fuel surcharges," analyst K Ajith of UOB Kay Hian said in a research note.
Hi all, what does this mean ? Thanks
Blastoff ( Date: 01-Jul-2008 21:34) Posted:
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From historicals, my take is SIA should be well-supported around $13.30 unless out of the blues, something similar to SARS and 911 events return. Then finito leow.
In My humble opinion,SIA can be $12 when ex divi.
But then again,it has alot of GIC and temasek support.
DISCLOSURE IN COMPLIANCE WITH RULE 704(27) OF THE SGX-ST LISTING MANUAL – GRANT OF EMPLOYEE SHARE OPTIONS
|
1 |
Date of grant |
01 July 2008 |
|
2 |
Exercise price of options granted |
S$14.83 |
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3 |
Number of options granted |
13,156,022 |
|
4 |
Market price of SIA shares on the date of grant |
S$14.60 |
|
5 |
Number of options granted to directors and controlling shareholders (and their associates), if any |
Nil |
|
6. |
Validity period of the options |
01 July 2008 - 30 June 2018 |
Wonder how the all business class direct flight to USA is doing? Half full, qtr full given the cutbacks in spending.
Singapore Airlines collects fifth Airbus jet
11 hours ago
SINGAPORE (AFP) — Singapore Airlines has taken delivery of its fifth Airbus A380 superjumbo which will be used for its Singapore-London service starting on July 16, the carrier said.
The A380 will be the second deployed for the London service after the world's biggest plane made its debut at Heathrow Airport on a Singapore Airlines (SIA) flight from the city-state in March.
its agood buy at this stage. however with disruption supply fr Niegeria and threntening cutting off supply fr Iran, that is another ball game leow, though Saudi agreed to increase output to ease the global tight supply, lately.
hence, to observe the situation closely and act accordingly is the way to make your cash worth leow. AK view only, as I vested few as well, to aim for the div.
The price now is it still good to buy for upcoming dividend and long term keeping ? I've some lots at $15.80 + also...
Jun up to date 4 times
Jun 13 2008 DAILY SHARE BUY-BACK NOTICE
Jun 12 2008 DAILY SHARE BUY-BACK NOTICE
Jun 11 2008 DAILY SHARE BUY-BACK NOTICE
Jun 09 2008 DAILY SHARE BUY-BACK NOTICE
7 times
May 26 2008 DAILY SHARE BUY-BACK NOTICE
May 23 2008 DAILY SHARE BUY-BACK NOTICE
May 22 2008 DAILY SHARE BUY-BACK NOTICE
May 22 2008 DAILY SHARE BUY-BACK NOTICE
May 21 2008 DAILY SHARE BUY-BACK NOTICE
May 21 2008 DAILY SHARE BUY-BACK NOTICE
May 20 2008 DAILY SHARE BUY-BACK NOTICE
5 times
Apr 11 2008 DAILY SHARE BUY-BACK NOTICE
Apr 10 2008 DAILY SHARE BUY-BACK NOTICE
Apr 09 2008 DAILY SHARE BUY-BACK NOTICE
Apr 09 2008 DAILY SHARE BUY-BACK NOTICE
Apr 09 2008 DAILY SHARE BUY-BACK NOTICE
8 times
Mar 31 2008 DAILY SHARE BUY-BACK NOTICE
Mar 25 2008 DAILY SHARE BUY-BACK NOTICE
Mar 24 2008 DAILY SHARE BUY-BACK NOTICE
Mar 20 2008 DAILY SHARE BUY-BACK NOTICE
Mar 19 2008 DAILY SHARE BUY-BACK NOTICE
Mar 18 2008 DAILY SHARE BUY-BACK NOTICE
Mar 17 2008 DAILY SHARE BUY-BACK NOTICE
Mar 14 2008 DAILY SHARE BUY-BACK NOTICE
http://info.sgx.com/webcorannc.nsf/new+announcement+last+3+months+by+company+name?OpenView&RestrictToCategory=SSINGAPORE+AIRLINES+LTD
Kim Eng downgrades Singapore Airlines to Hold from Buy, cuts target price to $15.60 from $19.20. Broker cuts earnings forecasts to reflect higher fuel costs; cuts FY09, FY10 estimates by 20%, 15%, respectively. Notes jet fuel prices up 20% over past 2 months, though SIA can offset some of this through hedging, increased efficiency of new aircraft. Says SIA should still be able to increase revenue despite slower global economy, expects yields to remain robust, recent load factor data reassuring. Says SIA "will continue to outshine its peers financially," but adds concerns of higher fuel costs will continue to weigh on share, new target price offers little upside from current share price.
Singapore Airlines posted "encouraging" passenger load factor for May, with 9.0% growth in passenger kilometers nearly matching 9.2% capacity increase, UOB-KayHian says in report. Notes number of passengers carried +5.9%, marking highest growth level for the year. "All in all, this suggests that demand for air travel remains strong. However, load factors do not give an indication of yield. One of our main concerns for SIA is its exposure to premium traffic and there are indications from travel planners that demand for business traffic has slowed down." Keeps at Sell with fair value at $14.30.
Durians won't drop leh.. I've just queued for some as MA has closed up, williams oversold. Today up a bit as well. Volume still not high. I think people are just nibbling. I'll do the same as well.
yah, I am squating here waiting for the liulian to drop also...hehehe!!!
AK_Francis ( Date: 18-Jun-2008 01:16) Posted:
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All these researchers have been putting on a 'sell' for SIA, think they want to buy cheap...