Joan Ng
Joan Ng: Struggling airlines need a better product PDF Print E-mail

Tags: AirAsia | Dbs Group Holdings | Deutsche Lufthansa | Malaysian Airline System | Singapore Airlines | Southwest Airlines | Starhub | Tiger Airways Holdings

Written by Joan Ng   
Monday, 08 September 2014 16:49

On a recent weekend in August, I took an AirAsia flight from Penang back to Singapore. The experience left me wondering whether ailing airlines such as Tiger Airways Holdings and Malaysian Airline System are missing the big picture.

In recent months, the two companies have hogged the headlines as their major shareholders — Singapore Airlines and Khazanah Nasional, respectively — attempt a rescue of sorts. Both Tigerair and MAS have been loss-making for three consecutive years. The former appointed a new CEO in May: Lee Lik Hsin, a 20-year SIA veteran. It has been shedding assets as its management prunes unprofitable business units. And it has announced an alliance with Scoot, a competing low-cost carrier wholly owned by SIA.

Last Updated on Monday, 08 September 2014 16:53
Weekend Comment Sep 5: Visitor arrivals continue to fall PDF Print E-mail

Tags: Ascott Residence Trust | Frasers Hospitality Trust | OUE Hospitality Trust

Written by Joan Ng   
Friday, 05 September 2014 22:57

INTERNATIONAL VISITOR ARRIVALS to Singapore in the first seven months of this year fell 2.5% to 8.9 million. The number of Chinese visitor arrivals continued to fall. In July, visitor arrivals from China fell 27.4%. For the year to July, they are down 29.4%. While Southeast Asia has long been a favourite holiday spot, tourism data suggests that Chinese tourists are flocking to other destinations. In Japan, visitors from China doubled in July from a year earlier. More are also heading to Australia, the US and Italy.

Last Updated on Friday, 05 September 2014 23:16
Weekend Comment Jul 17: Geo-political risks rising PDF Print E-mail

Tags: ComfortDelGro Corp | Food Empire Holdings | Singapore Airlines | SMRT Corp | Tiger Airways Holdings

Written by Joan Ng   
Saturday, 19 July 2014 18:01

REGIONAL EQUITY MARKETS had a rocky start today after Malaysian Airlines flight MH17 crashed near the Ukraine-Russia border. The Straits Times Index managed to end the day in positive territory at 3,310.53 points, up 3.64 points or 0.11%. In Malaysia, however, the FTSE Bursa Malaysia Kuala Lumpur Composite Index was down 10.17 points or 0.54% to 1,872.97 points. Other Asian markets that ended down included Japan, Hong Kong, Taiwan and Thailand. The plane was shot down as it was flying over Ukrainian airspace.

Last Updated on Saturday, 19 July 2014 14:05
New model better for bus operators, but may not be better for commuters PDF Print E-mail
Written by Joan Ng   
Monday, 02 June 2014 13:38

AS SHAREHOLDERS OF Comfort DelGro Corp, SBS Transit and SMRT Corp rejoice over the government’s decision to transit to a government contracting model for the public bus industry, commuters may want to reserve their judgement for now. The Land Transport Authority (LTA)’s proposal to offer bus routes to operators through a competitive tendering process will relieve the public transport operators (PTOs) of the burden of running a loss-making bus service. But it is difficult to see how transferring that burden from the shoulders of private enterprise to the public sector will give commuters a better bus ride.
Last Updated on Monday, 02 June 2014 13:40
Weekend Comment May 30: Tiger Airways takes flight PDF Print E-mail

Tags: AirAsia | Garuda Indonesia | Singapore Airlines

Written by Joan Ng   
Friday, 30 May 2014 23:30

THE SINGAPORE EXCHANGE has been kept busy for several weeks now, querying companies whose shares have spiked suddenly on large volumes. Low cost carrier Tiger Airways Holdings is the latest to join the club. At 3.22pm today, it was queried about its trading activity. As of 5.30pm, it had yet to respond.
Shares of Tigerair surged to as high as 54.5 cents at 3.14pm, a 21.1% increase from their close on May 29 at 45 cents. They ended today at 53 cents. Trading volume was unusually heavy, at close to 30 million shares – the highest volume in two years and 12.9 times the average traded over the past 30 days.
Last Updated on Monday, 02 June 2014 09:20