Singapore Airlines (SIA)

All SIA group airlines see improved passenger load factors, cargo load factor declines on lower traffic

SINGAPORE (Jan 15): Singapore Airlines Group (SIA) reported a 2.6 percentage point increase in passenger load factor (PLF) for December, due primarily to improved PLF contributions across all its airlines.

In a regulatory filing of its monthly operating results on Wednesday, the group says that its overall airlines’ passenger carriage grew 7.9% from the previous year, outpacing capacity growth of 4.8%.

ST Engineering achieves record-high order book; SIA Group improves revenue and efficiency

SINGAPORE (Dec 20): It has been a good year for engineering group ST Engineering, which has seen all-round growth from its various business units. It received orders from both defence and commercial customers and earnings increased from its existing businesses as well as newly acquired ones.

For example, the company’s newly acquired business, Middle River Aerostructure Systems, helped lift revenue for 3QFY2019 by 53% y-o-y to more than $1 billion. MRA Systems manufactures thrust reversers, engine nacelle components and specialised aerostructures.

SIA Group's overall passenger load factor climbs 3.1 ppt to 84.9% in November

SINGAPORE (Dec 16): For the month of November, Singapore Airlines Group (SIA) reported a 2.8 percentage point increase in overall passenger load factor (PLF), which was attributable mainly to improved PLF figures across all its airline segments. 

In a regulatory filing on Monday, the group noted that overall passenger carriage grew 8.3% from the previous year, outpacing capacity growth of 4.4%. 

Brokers Digest 908

CSE Global

Price targets:
69 cents BUY (DBS Group Research)
73 cents BUY (CGS-CIMB Research)
61 cents BUY (KGI Securities)
69 cents BUY (RHB Group Research)

The best is yet to come for CSE Global, say analysts, as the group garnered four “buy” calls across brokerages DBS Group Research, CGS-CIMB Research, KGI Securities and RHB Group Research.

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Singapore Air flying low on mixed performance, but analysts still positive

SINGAPORE (Nov 11): Although Singapore Airlines (SIA) reported mixed performances across the group in 2Q20, analysts are still remaining positive on the stock.

In its latest 2Q20 results, SIA’s earnings came in at $94.5 million, 70% higher y-o-y, mainly due to higher contributions from associates and joint ventures of $78 million only to be offset by higher finance charges of $28 million.

Revenue increased by 5.3% y-o-y to $768.5 million, mainly driven by growth in passenger-flown revenue, although the topline was dragged down by cargo-flown revenue.

SIA sees results of digital transformation as journey reaches last leg

SINGAPORE (Nov 11): Under CEO Goh Choon Phong, Singapore Airlines has embarked on — and is nearing the end of — a three-year digital transformation journey that has left “no stone unturned”. There are some promising ventures on the horizon, but as the company’s most recent results have shown, its core business is still the main revenue earner.

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SIA 2Q revenue and earnings up despite mixed performances across group

SINGAPORE (Nov 5): Singapore Airlines saw earnings of $94.5 million for 2Q20 ended Sept 30, 70% higher compared to a year ago.

SIA says this was mainly due to higher contributions from associates and joint ventures of $78 million only to be offset by higher finance charges of $28 million.

Revenue for 2Q20 rose 5.3% to $768.5 million from $700 million a year ago mainly driven by growth in passenger-flown revenue, although the topline was dragged down by cargo-flown revenue.

SIA purists may lament new partnership, Malaysians rooting for MAS to turn around

SINGAPORE (Nov 4): When Singapore Airlines announced an expanded code-sharing agreement with Malaysia Airlines (MAS) on Oct 30, some members of SIA’s KrisFlyer and PPS Club loyalty programmes must have been unhappy.

It has been 47 years since SIA and MAS separated in 1972, and the former has risen to great heights. The iconic Singapore Girl representing the airline’s excellent service has been the focal point of SIA’s differentiation.

All SIA group airlines continue to see improved passenger load factors in Sept

SINGAPORE (Oct 15): Singapore Airlines Group (SIA) reported a 1.2 percentage point increase in passenger load factor (PLF) to 84.8% on the back of improved PLF figures across all its airlines.

In a bourse filing on its September operating results, SIA said that overall airlines’ passenger carriage grew 8.7% y-o-y, outpacing capacity growth of 7.1%.

SIA kept at 'hold' with $9.50 fair value on volatile yields, Mideast politics, and Brexit risks

SINGAPORE (Sept 23): UOB KayHian is maintaining Singapore Airlines (SIA) at “hold” with an unchanged fair value of $9.50 and a suggested entry price of between $8.70 and $8.80.

The recommendation comes on the back of signs of a slowing global economy, a volatile cargo and passenger yield environment, rising Middle East geopolitical tensions and potential risk of a near-term Brexit.

In August, cargo traffic for the SIA group registered the steepest decline since March, with cargo load factor falling 6ppt y-o-y.

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