|Bid||9.52 x 0|
|Ask||9.53 x 0|
|Day's range||9.51 - 9.60|
|52-week range||9.51 - 11.84|
|PE ratio (TTM)||16.25|
|Earnings date||13 Nov 2018|
|Forward dividend & yield||0.40 (4.14%)|
|1y target est||11.37|
SHANGHAI/SINGAPORE, Aug 8 (Reuters) - Cathay Pacific Airways Ltd posted a narrower half-year loss on a strong rise in airfares and cargo rates and flagged expectations for a better second half, although its failure to curb costs fuelled market concerns. Shares of the Hong Kong airline fell 3.3 percent to their lowest in almost eight months after results showed expenses offset a better-than-expected rise in yields and higher revenue, casting a shadow on Cathay's three-year turnaround plan. Cathay has reduced jobs, invested in product improvements such as better business class meals and new Airbus SE A350 jets and is adding more economy seats to older Boeing Co 777s in a bid to boost business.
Singapore Airlines Ltd (SGX: C6L) had a mixed start to the financial year. Here are five key takeaways for investors.
Singapore Airlines Ltd's budget arm Scoot said on Thursday it would raise fares across its network by an average of about 5 percent in response to a surge in oil prices that had pushed up costs. The fare hike, effective Sept. 1, will add $5 to S$30 ($3.66 to $21.98) to the cost of each one-way journey depending on the flight duration, the airline said in a statement. Carriers around the world are attempting to raise fares to help recoup the rising cost of fuel, with the oil price up 40 percent to $73 a barrel over the last year.
More than 20 million passengers participated in a survey commissioned by London-based aviation consultancy Skytrax to vote the carrier for the prestigious award.
* Philippines down after 3 sessions of gains * Malaysia slips after 4 sessions of gains By Syed Saif Hussain Naqvi July 27 (Reuters) - Most Southeast Asian stock markets declined on Friday as simmering ...
Singapore Airlines Ltd reported a 59 percent fall in first-quarter net profit, below analyst expectations, on Thursday due to a rise in the oil price, lower airfares and a lack of one-off items that had boosted the prior year. The prior-year figure was restated due to accounting changes and had included S$175 million of one-off benefits from changes to its frequent flyer programme accounting and compensation for aircraft delivery slots. Maybank had forecast a net profit of S$251 million for the first quarter, based on yields, a proxy for airfares, rising by 5.5 percent.
KUALA LUMPUR/SINGAPORE, July 24 (Reuters) - Malaysia Airlines Bhd is tapping banks to fund about nine Boeing 737 MAX planes in what will be the carrier's first jet financing with lenders since it was restructured more than three years ago, sources familiar with the situation said. The financing represents a key test for the airline, which was taken over by Malaysian sovereign wealth fund Khazanah Nasional in December 2014, months after MH370 disappeared and MH17 was shot down over Ukraine. Finance industry sources, speaking on condition of anonymity, said Malaysian, European and Chinese banks are expected to compete for financing of the planes, for which Malaysia Airlines sent out a request for proposal a few weeks ago.
The ongoing trade friction between the US and China has casted a dark cloud over the outlook of global trade and logistics-related securities. With the recent acquisition of a 50% interest in each of 11 logistics properties in China on 6 Jun, an estimated 11% of Mapletree Logistics Trust’s (MLT) pro forma FY18 net property income is expected to derive from China as compared to 6% previously. While MLT’s increased exposure to China amid the current trade spat may raise some concerns, we believed that a significant portion of its underlying end-user revenue from China is derived domestically attributable to the fast growing e-commerce sector and hence, the impact on MLT’s earnings could be limited. Taking into account the acquisition and recent private placement exercise, we trimmed FY19F and FY20F DPU forecast by 0.9% and 0.8% respectively.
Singapore Airlines CEO Goh Choon Phong discusses the impact of oil prices and global trade tensions on the airline’s business. As the brewing trade battle between the U.S. and China threatens to slow demand for air freight, the market also is likely to cool as demand gets in line with supply, according to the chief executive officer of Singapore Airlines Ltd. “From a business perspective, we would like to see countries around the world to work together to grow the economy, rather than contributing to the slowdown,” Goh Choon Phong said in an interview with Bloomberg Television’s Ramy Inocencio.
By Jamie Freed SINGAPORE (Reuters) - Singapore Airlines Ltd said on Thursday it expected to transfer some jets from its SilkAir regional airline to budget carrier Scoot, allowing it to compete more effectively against low-cost rivals like AirAsia Group Bhd and Lion Group. The plan comes after the carrier announced last month it would absorb underperforming SilkAir into the parent brand after 2020 when a program to upgrade cabins at a cost of more than S$100 million ($73.5 million) gets under way. Singapore Airlines has been undertaking a three-year transformation program designed to cut costs and boost revenue amid competition from Chinese and Middle Eastern rivals and low-cost carriers.
For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. InvestorsRead More...
Economic moats are essential in fending off competitors and ensuring a company can continue to thrive, even in the harsh and dynamic business environment.
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Singapore Airlines Limited (SGX:C6L) has returned to shareholders over theRead More...
In March 2018, Singapore Airlines Limited (SGX:C6L) released its most recent earnings announcement, which revealed that the company benefited from a substantial tailwind, more than doubling its earnings from theRead More...
Two Airbus A380 superjumbos once flown by Singapore Airlines are to become the first of the iconic doubledeckers to be stripped for parts, after a German leasing firm failed to find a new operator for them. The Dr. Peters investment group said Tuesday that despite "intensive negotiations" with several airlines, including British Airways and Iran Air, efforts to find a new lessee proved fruitless. "The market for the A380-800 aircraft type has not developed positively in recent years," Dr. Peters' chief executive Anselm Gehling said in a statement.
Singapore Airlines is close to launching nonstop flights from Singapore to New York and Los Angeles. That's bad news for current market leader United Airlines.
Profits in the airline industry are unlikely to reach the record levels forecast in December due to a jump in fuel costs, the head of the world's leading air transport group said on Thursday. International Air Transport Association (IATA) Chief Executive Alexandre de Juniac said his organisation will issue fresh forecasts next week, and that airline profits were still likely to be robust. Airline operators such as Singapore Airlines Ltd and Malaysia's AirAsia Group Bhd posted strong profits in the latest quarter ended March amid a tourism boom in the region.
In March 2018, Singapore Airlines Limited (SGX:C6L) announced its latest earnings update. Overall, the consensus outlook from analysts appear bearish, with earnings expected to decline by -1.20% in the upcomingRead More...
Singapore Airlines, which stopped running the world’s longest commercial flights in 2013, will resume nonstop service to Newark in October. The flight will take up to 18 hours and 45 minutes.
Singapore Airlines plans to reboot the world's longest nonstop flight, flying the extended-range version of Airbus' A350.
Aug.07 -- It’s turning out to be a bumpy road to recovery for Cathay Pacific Airways. Just when the airline was showing signs of a rebound, crude oil played spoilsport again, denting early gains from a transformation plan it considers crucial to survival. Bloomberg's Kyunghee Park reports on "Bloomberg Daybreak: Asia."
Jun.21 -- Singapore Airlines Ltd. Chief Executive Officer Goh Choon Phong discusses the impact of oil prices and global trade tensions on the airline's business with Bloomberg's Ramy Inocencio.