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SIA
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pharoah88
Supreme |
18-Jul-2011 19:49
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S I A delisted ? ? ? ? |
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Farmer
Master |
18-Jul-2011 12:53
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Hoho! Their TP so much different hor? I think lets take the middle ground.... (13-17)/2 = 14.50? But I predict it should hit ~15 before xd. |
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Alligator
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18-Jul-2011 12:48
Yells: "learning from past " |
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saw the title SIIA (delisted). why then post here? may be better to post on the SIA , without the word delisted. |
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doremon
Member |
18-Jul-2011 12:29
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DBSV Report 18/07/11 http://kfc1973-stock.blogspot.com/2011/07/sia-june-operating-stats-showed.html |
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Farmer
Master |
12-Jul-2011 23:10
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SIA so lousy meh... CIMB Tp = $11.80 xd which come close to its nav. I read some brokers like DBSV Tp = $16-$17. So confuse hor?
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doremon
Member |
12-Jul-2011 15:57
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CIMB report on 11/07/11 http://kfc1973-stock.blogspot.com/2011/07/sia-weak-yield-momentum-cimb.html |
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chinton86
Veteran |
10-Nov-2009 12:47
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Today Q2 and half year result annoucement. Any prediction? | ||
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Pinnacle
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11-Nov-2007 21:49
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Fuel prices could prompt airlines to ground planes WASHINGTON, Nov 9 (Reuters) - United Airlines, a unit of UAL Corp <UAUA.O>, could ground up to 100 planes, if necessary, to save money on fuel expenses, a company official said, and other big carriers are talking about similar steps, an industry source said on Friday. Separately, two U.S. senators have asked federal aviation and transportation officials to look into a report that carriers may, in some cases, have cut back on fuel reserves to reduce expenses, possibly violating safety regulations. Carriers are scrambling to meet demand and maintain their profit momentum from a successful summer travel season amid continued pressure from high energy prices. Crude oil was up nearly $1 on Friday on the New York Mercantile Exchange to $96.40 per barrel. Every $1 increase in crude oil prices cost airlines $470 million, industry statistics show. As energy prices have soared, airlines have sagged on Wall Street. Industry shares collectively were down again on Friday and were off 11 percent for the week. Jake Brace, United's chief financial officer, told investors this week the company has the option of grounding planes if flying them becomes too costly or if demand wanes. "We have a lot of flexibility in our fleet in that we have a little over 100 unencumbered aircraft that we could ground, sell, whatever we needed to if the demand environment were such that it didn't make sense to fly those planes," Brace said. An industry insider familiar with planning at the biggest carriers said on Friday that other airlines are also talking about idling aircraft, if fuel prices continue to skyrocket. The insider asked not to be identified. Another industry expert said bigger airlines like United, American Airlines <AMR.N>, and Northwest Airlines <NWA.N> historically have had flexibility with their aircraft. "They all have significant parts of their fleet they can park cheaply," said airline consultant Michael Boyd. Carriers have raised fares to offset higher costs, and a report this week also suggested airlines may have underfueled planes to reduce weight, making them less expensive to fly. Sens Frank Lautenberg and Robert Menendez, both New Jersey Democrats, sought investigations into a report by WABC-TV in New York that more planes over a six-month period this year landed at Newark airport with minimum fuel than in a similar time frame two years ago. In some cases this year, pilots declared fuel emergencies for immediate clearance to land, the report said. "Operating under these conditions regularly can put passengers at risk, especially if multiple landing attempts must be made," Lautenberg wrote to Transportation Department Inspector General Calvin Scovel. Menendez asked the FAA to investigate and issue interim guidelines to ensure there is a greater margin for error. Current rules require passenger aircraft have enough extra fuel to reach a second airport, if necessary, and fly at least 30 minutes beyond that. The FAA said it does not regularly track landing requests based on low fuel but would investigate. "We don't have any indication right now that airlines are flying planes with less than the required amount of fuel," FAA spokeswoman Laura Brown said. Major carriers, represented by their trade group, the Air Transport Association, did not address the matter directly in a statement but said the FAA regulations are adequate. |
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Pinnacle
Master |
09-Nov-2007 21:42
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Singapore Air, Temasek buy 24 pct of China Eastern Singapore Airlines Ltd The agreement seals a deal announced on September and marks the first purchase of a major, strategic stake in one of China's big airlines, which are keen to expand their global networks. Foreign airlines are also eager to tap China's rapidly growing aviation market, as increasingly affluent Chinese take to the skies for leisure and business. Temasek will take an 8.27 percent stake of China Eastern while Singapore Air is set to own 15.73 percent. Rival Air China <601111.SS><0753.HK>, whose parent owns just over 11 percent of China Eastern, and Cathay Pacific <0293.HK> have said they were also interested in buying into China Eastern in order to block the Singapore Airlines deal. Although the airlines ultimately abandoned that effort, Air China said last month it was leaving its options open. The deal will be subject to approval by regulators and China Eastern shareholders, Temasek said. China Eastern's shares have been suspended in Hong Kong and Shanghai since Nov 5. |
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Pinnacle
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01-Nov-2007 11:44
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CITI - Sell: Strong 2Q but Beware $104/bbl Jet and Rising Staff Costs Sell/Medium Risk 3M Price (31 Oct 07) S$19.60 Target price S$18.90 Expected share price return -3.6% Expected dividend yield 3.2% Expected total return -0.4% Market Cap S$24,881M US$17,157M 2Q beat expectations ? Net profit S$508m, +73% yoy, +20% qoq, and 10% > ours and consensus estimate. Key drivers: large passenger yield gains (+11% yoy), a turnaround in SIA Cargo's biz (S$30m profit), lower fuel costs (-7%), savings from a stronger SGD (+4%), lower leasing (-14%) and unit inflight meals costs (-6%). Net profit breakdown: Passenger biz 73%, SIA Eng 13%, SATS 9%, SIA Cargo 5%. Interim DPS 20 cents, +33% yoy (ex-date 14 Nov). Staying below consensus ? 1HFY08 net profit amounts to 57% of our fullyear forecast and 51% of consensus. However, notwithstanding strong forward bookings and an improving cargo biz, we maintain our cautious view given significant upside risk in SIA's two largest cost components ? fuel (36% of total) and staff (21%). Spot jet fuel prices are 41% higher than in 2HFY07 and if these prices persist in 2H, SIA's effective jet fuel price net of hedging and surcharges will be c.26% higher vs 2HFY07. We expect upward pressure on staff costs (unit staff costs +11% yoy, +8% qoq in 2Q) given Singapore's record low unemployment rate and high demand for aviation HR in Asia, Middle East. Other points ? Mgmt's comments reaffirm our views that: 1) the new SINUK "open skies" will not have much immediate impact; 2) SIN-Malaysia route liberalization will have limited earnings impact and SIA will likely retain its biz traffic market; 3) investment in China Eastern is strategic (with a 3- year lock-up) and potential areas of cooperation include twinning of SIN and Shanghai hubs, code-sharing on all SIN and Shanghai services, joint marketing, joint operations beyond hubs; 4) Tiger Air earned net profit of ~S$1m in 2QFY08. |
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Pinnacle
Master |
01-Nov-2007 10:27
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DBS Vickers - Firm interim results, bright outlook �� Story: 2Q08 earnings were above expectations, as earnings rose by 73% y-o-y to S$508m on topline growth of 8% y-o-y to S$4bn. A dividend of 20Scts was declared (1H07: 15Scts). �� Point: We continue to be positive on the prospects for SIA, as it continues to ride on firm global demand for air travel, particularly in the high-end segment. We believe that SIA can continue to grow its yield as it introduces more of its improved products and services into its fleet and focuses on keeping load factors high, which should help maintain revenue growth and keep margins healthy in spite of the high jet fuel price environment. We have raised our earnings estimates for SIA by 6% and 10% for FY08 and FY09 respectively. �� Relevance: Our BUY recommendation is maintained with a raised target price of S$25 to reflect our higher earnings estimates. Our Sum-of-the-Parts valuation for SIA of S$25 translates to c. 15x FYE Mar ?09 earnings. Robust earnings performance led by passenger airline business. EBIT growth for the Group in 2Q08 (+100% y-o-y to S$519m) was led by the core passenger airlines business (+123% y-o-y to S$397m), which now makes up 77% of Group EBIT from 69% a year ago. Contributions from SATS (-2% y-o-y to S$48m) and SIA Engineering (-3% y-o-y to S$34m) remained steady while the cargo business turned from an operating loss of S$24m to a gain of S$30m. Revenue growth for the passenger airline business was led by both improved carriage (+2% y-o-y in RPK) and yield (+11% to 12cts/pkm) while the segment?s margin improved significantly due to higher yield and load factor (+2.2ppt to 81.6%). Higher yields and solid non-fuel cost management and load factors to offset higher fuel costs. We believe that the premium positioning of the Group?s core passenger airline business will help SIA mitigate higher jet fuel prices. With higher ticket prices and fuel surcharges more willingly absorbed by its less price-sensitive clientele in a strong demand environment, SIA can continue to increase its yield to help offset higher jet fuel costs. Coupled with tight cost management (non-fuel cost per ASK has remained relatively flat) and firm load factors (above 80% average in last 12 months), we believe SIA can maintain its profitability and earnings growth track. Maintain BUY, TP S$25. We have raised our earnings estimates for SIA by 6% and 10% for FY08 and FY09 respectively. Consequently, we have raised our target price to S$25 for SIA, which translates to an undemanding 15x FY09 earnings. |
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Pinnacle
Master |
01-Nov-2007 10:23
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CIMB - SIA (S$19.60) - 2QFY08 results - Yield increases flowing down to bottom line In line. Annualised 1H core net profit was in line with expectations, coming in within 1% of our forecast but 2% ahead of consensus. Core 2Q earnings leapt 63% yoy, on the back of a 9.9% revenue increase which outpaced a 3.4% increase in unit costs. As a result, group EBIT margins expanded 6%-pts yoy in the 2Q. SIA declared a net interim dividend of 20 cents/share, higher than our expectation of 15 cents that was based on the amount declared a year ago. The passenger airline business was the star performer, where 2Q revenue rose 13.6% yoy and EBIT rose 123%. This was driven primarily by a 11.1% yoy and 4.3% qoq increase in yields, due to strong travel demand which also saw the average load factor rise to 81.6% from 79.4% a year ago. Two-thirds of the yield increase was on account of improvements in underlying fares, while better passenger mix and higher fuel surcharges accounted for the rest. Meanwhile, unit fuel costs dropped 6.2% yoy on lower average fuel prices and lower uplift of fuel as ASK capacity fell 0.4% yoy in 1Q. SIA ended the quarter with 92 planes, but will take delivery of three A380 and four more B777-300ER planes by March 2008. The cargo business also registered a remarkable recovery, with operating profit of S$30m in 2Q, against a loss of S$24m a year ago and a loss of S$11m in the immediately preceding quarter. This was achieved on the back of cost cuts and redeployment of capacity into more profitable destinations. Maintain OUTPERFORM and target price of S$28.40, based on an unchanged forward P/E of 15x, at the higher end of SIA?s trading range. We have adjusted our forecasts up/down by less than 2% to incorporate increases in our average WTI price assumptions to US$70/barrel for 2007-08 and US$65 for 2009. This is partially offset by increases in our overly-conservative yield estimates. SIA is in a very strong position to pass on higher fuel prices via increased surcharges, but the recent sharp spike in jet fuel may result in a temporary lag in cost recovery. We are not overly concerned, as the new A380 and B777-300ER planes enjoy higher yields and profit margins. Forward bookings remain robust despite the US sub-prime issue. With a ten-month lead over its rivals, the arrival of the A380s will herald a golden year for SIA. Full year dividends may also surprise on the upside. |
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Pinnacle
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01-Nov-2007 10:01
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Pinnacle
Master |
01-Nov-2007 08:21
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Merrill Lynch ups Singapore Air target price Merrill Lynch has raised its target price for shares in Singapore Airlines "SIA's comments on the outlook indicate that forward bookings indicate further strength ahead," said Merrill Lynch analyst Paul Dewberry. Merrill Lynch said in a client note that it has raised Singapore Airlines' passenger yield forecast by 4 percent which will drive an average 7.5 percent increase in forecasted earnings for the firm in the fiscal years 2008 to 2010. |
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Pinnacle
Master |
31-Oct-2007 21:21
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Singapore Airlines brings lovers down to earth SINGAPORE, Oct 31 (Reuters) - Singapore Airlines, the first operator of the new Airbus A380, has dashed the hopes of sexual thrill-seekers planning to engage in amorous activity aboard the world's biggest jumbo jet. The carrier said it would ask passengers on the A380 to refrain from sex while ensconced in one of its 12 first-class suites, which boast the world's first airborne double beds. "All we ask of customers, wherever they are on our aircraft, is to observe standards that don't cause offence to other customers and crew," the company told Reuters in a statement. "Nothing different applies for our Singapore Airlines Suites customers." While private, the double cabins are neither sound proofed nor completely sealed. Singapore Airlines, the world's second-largest airline by market value, started commercial flights of the double-decker A380 last week with a Singapore-Sydney service. "So they'll sell you a double bed, and give you privacy and endless champagne and then say you can't do what comes naturally?" Tony Elwood, who travelled with wife Julie in a suite aboard the inaugural flight, told the Times of London. "They seem to have done everything they can to make it romantic, short of bringing round oysters," Julie said. "I'd say they shouldn't really complain, should they?" |
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Pinnacle
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30-Oct-2007 14:46
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SIA falls on high oil price Shares of Singapore Airlines "The high oil price will affect SIA because the fuel costs will go up, this would impact both the demand side and SIA's earnings," said a local dealer. U.S. crude oil futures ended sharply higher on Monday, rallying to a record high above $93 as Mexico's weather curbed oil output, a weak dollar and geopolitical tensions combined to lift prices. [ID:nN29549290] SIA's Chief Executive Chew Choon Seng told Reuters last week that rising fuel prices remained a major challenge. "Fuel remains a very challenging factor for us. Of more concern is the credit market squeeze. The state of the global economy will have an influence on traffic flows," he told Reuters in an interview. [ID:nSYD12771] SIA, the world's largest airline carrier by stock market value, will release its second-quarter earnings on Wednesday. |
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Pinnacle
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19-Oct-2007 09:47
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Singapore Airlines Limited SIA ready quick in improving margin. Fuel surcharge up again. Next time I have to swim to oversea. announced that they would increase its fuel surcharge for tickets issued on or after 24 October 2007. The new levels will apply to Singapore Airlines and SilkAir flights as follows: On regional routes, US$24 (up from US$22) per sector, for flights between Singapore and ASEAN countries. US$104 (up from US$98) per sector, for flights between Singapore and gateways in the United States and Canada on a single-sector basis; and US$67 (up from US$63) per sector, on all other flights. |
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Pinnacle
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16-Oct-2007 09:38
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SIA gets A380 with personal 'room in sky', office space Two years of delays were forgiven, if not forgotten, as Airbus eventually delivered the first of 19 A380 aircraft ordered by Singapore Airlines (SIA) - and the media got a glimpse of the future of flying. Nothing caught the eye more than the new 'ultra First Class', simply tagged Singapore Airlines Suites - which will replace the current First Class. The handiwork of leading French yachting designer Jean-Jacques Coste, each suite consists of a luxurious leather chair upholstered by world-renowned Poltrona Frau. With sliding doors and roller blinds, a passenger can enclose himself in a personal room for the duration of the flight. He can also relax on a full-sized bed with plush mattresses, Givenchy-designed duvets and cushions. Each suite also has a chaise longue for companion seating, a personal luggage stowaway and a coat closet with wardrobe lights. SIA is offering 12 Suites on the A380, which are expected to cost 20-25 per cent more than what passengers now pay for First Class. There will be two double cabins which can be configured to a double bed. Asked about the higher pricing despite better fuel efficiency offered by the A380, SIA CEO Chew Choon Seng said: 'With all businesses, we have to recover all costs in order to stay in business for the longer term. And a lot of our expenditure today is on jet fuel. But with the A380, unit cost will come down. Hopefully, that can translate into more competitive pricing . . . But where the amount of cabin space given each passenger has increased, we will of course have to recover (the premium).' Apart from the 12 Suites, the A380 will also offer 60 Business Class seats and 399 seats in a roomier Economy Class. The Business Class seats on the SIA A380 are the largest in the industry, at 34 inches wide. They can be converted into office space with a height-adjustable table, in-seat laptop power supply, USB ports and a built-in panel complete with a suite of office applications that enable a passenger to work even without a laptop. The features on the new superjumbo jet manufactured to SIA's specifications were unveiled at an event attended by 500 people at Airbus' delivery centre in Toulouse, France. The carrier's name and logo on the white body of the titanic flying machine dazzled under the warm sunlight of the southern French city. There were smiles all around and 'wows' were heard when the double-bed cabin was unveiled. 'Although it (the delay) has created some inconveniences for us, I think it is much more important, and rightly so, that Airbus took its time to make sure that this plane is thoroughly tested and developed before it enters commercial service,' said Mr Chew. 'And I would say that from what I've seen and what my colleagues have reported back, this new A380 is well worth waiting for.' SIA has made 19 firm orders for the aircraft and a further six on option. It will be the first airline to fly the A380, built to carry passengers over long-haul routes between hub airports. In a recent charity auction of seats for the inaugural Singapore-Sydney route planned for Oct 25, the airline raised nearly $2 million, including a pair of First Class suite tickets that went for US$100,380. Regular daily commercial flights between Singapore and Sydney on the A380 will start on Oct 28. The airlines will take delivery of its second, third, and fourth A380 in January, February and April next year. 'And then when we get the second and third aircraft delivered, we will be offering it to London,' said Mr Chew. 'When the fourth aircraft comes in next April, we will then introduce it on the Narita route.' The fifth and sixth units have been marked for the daily Singapore-Hong Kong-San Francisco route. No delivery time frame was disclosed for them. The planes' phased delivery will help alleviate SIA's capacity crunch, brought on by buoyant global passenger growth. In the April-June quarter, the world's most profitable airline posted a gain of 5.1 per cent passengers to 4.6 million. In an interview with the Singapore media, Mr Chew revealed that the A380s will gradually replace the remaining 19 B747-400s that the company presently operates. Along with the delivery of four additional Boeing B777-300ERs over the next few months, they will 'augment the (capacity) growth', he said. |
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Pinnacle
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16-Oct-2007 09:24
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After two years of delays, Airbus delivered the first of 19 A380 aircraft ordered by Singapore Airlines (SIA). Replacing the current First Class are the simply tagged Singapore Airlines Suites, which showcase the handiwork of leading French yachting designer Jean-Jacques Coste. Each suite consists of a luxurious Poltrona Frau leather upholstered chair with sliding doors and roller blinds, a full-sized bed with plush mattresses and Givenchy-designed duvets and cushions, as well as a chaise lounge for companion seating, a personal luggage stowaway and a coat closet with wardrobe lights. SIA is offering 12 Suites on the A380, which are expected to cost 20-25% more than what passengers now pay for First Class. There will be two double cabins that can be configured to a double bed. Asked about the higher pricing despite better fuel efficiency offered by the A380, SIA CEO Chew Choon Seng said: 'With all businesses, we have to recover all costs in order to stay in business for the longer term. And a lot of our expenditure today is on jet fuel. But with the A380, unit cost will come down. Hopefully, that can translate into more competitive pricing . . . But where the amount of cabin space given each passenger has increased, we will of course have to recover (the premium).' Apart from the 12 Suites, the A380 will also offer 60 Business Class seats and 399 seats in a roomier Economy Class. The Business Class seats on the SIA A380 are the largest in the industry, at 34 inches wide. They can be converted into office space with a height-adjustable table, inseat laptop power supply, USB ports and a built-in panel complete with a suite of office applications that enable a passenger to work even without a laptop. (BT) |
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tanglinboy
Elite |
03-Sep-2007 13:47
Yells: "hello!" |
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Singapore Airlines - The Deal is Sealed
Curtis Bergh, 03 Sep 2007 Sunday marked the culmination of months of negotiations and regulatory approval for Singapore Airlines and Temasek Holdings historic stake in China Eastern Airlines. Representatives from the airlines and Temasek held a signing ceremony in Shanghai on Sunday. The roughly US$918 mln combined 24% stake in China Eastern Airlines is just the latest acquisition by a major foreign entity in one of the "big 3" Chinese airlines following the closer tie-up of Cathay Pacific and Air China. Under the terms of the deal, Singapore Airlines will take a 15.7% stake, while Temasek will carry the remaining 8.3%. The deal gives Singapore Airlines a foothold into the growing Chinese aviation market which has seen a greater influx of foreign capital recently, but concentrated into smaller, more regional Chinese airlines. Out of the "big 3" carriers in China (Air China and China Southern being the others), China Eastern is considered the laggard as the airline has struggled with profitability issues in the past while its two main rivals remained profitable. China Eastern did return to profitability in the first half of this year posting profits of RMB 58 mln. |
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