Straits Times Index
3,173.93 +34.17 (+1.09%) S&P 500
4,002.87 +51.30 (+1.30%) Dow
32,560.60 +316.02 (+0.98%) Nasdaq
11,860.11 +184.57 (+1.58%) Bitcoin USD
28,055.53 +41.37 (+0.15%) CMC Crypto 200
612.63 +7.58 (+1.25%)
Singapore Airlines Limited (C6L.SI)
| Previous close | 5.56 |
| Open | 5.62 |
| Bid | 5.70 x 0 |
| Ask | 5.69 x 0 |
| Day's range | 5.59 - 5.69 |
| 52-week range | 4.99 - 6.02 |
| Volume | |
| Avg. volume | 4,265,733 |
| Market cap | 17.026B |
| Beta (5Y monthly) | 0.84 |
| PE ratio (TTM) | 113.80 |
| EPS (TTM) | 0.05 |
| Earnings date | 16 May 2023 |
| Forward dividend & yield | 0.20 (3.60%) |
| Ex-dividend date | 09 Dec 2022 |
| 1y target est | 5.77 |
- Reuters SG
UPDATE 1-Singapore Airlines quarterly profit surges seven-fold
Singapore Airlines Ltd (SIA) reported an over seven-fold jump in third-quarter net profit on Tuesday, boosted by a strong recovery in demand in key markets. SIA, which is set to emerge as a 25.1% owner of Air India following a merger of its Vistara joint venture with the Tata Group-controlled airline, projected group capacity to reach an average of around 77% of pre COVID-19 levels in the fourth quarter. The airline's net profit jumped to S$628 million ($469 million) in the three months ended Dec. 31, from S$85 million a year ago.
- Reuters SG
Investors turn picky in Asia after easy wins from China’s reopening
As a swift and broad rally in Asian stock markets after China's reopening from COVID curbs peters out, investors are targeting beaten down stocks in sectors including retail, hospitality and technology to lead a narrower advance from here. The initial wave of optimism over the lifting of lockdowns in the world's second-largest economy lifted a host of trade and tourism stocks around the region, led predictably by the most obvious beneficiaries - sectors such as Macau hotels and Thailand tourism. "We believe the next phase of the market's recovery will be focused on companies that can deliver resilient earnings growth," said Robert Secker, portfolio specialist in the equity division at T. Rowe Price.
- Reuters SG
UPDATE 1-AirAsia to lease 15 new planes to meet demand driven by China's reopening
Malaysia's AirAsia plans to take on lease 15 additional aircraft to meet travel demand from China now that it has reopened its borders, the CEO of the budget carrier's parent company Capital A said. "We are so bullish on growth that we're in negotiations now to sign 15 new aircraft from lessors," Tony Fernandes told Reuters on the sidelines of an event. Fernandes said that Capital A now has three tailwinds: strengthening Asian currencies, prices of oil falling from their peaks, and China's reopening.
