|Bid||3.6500 x 0|
|Ask||3.6600 x 0|
|Day's range||3.6200 - 3.6700|
|52-week range||3.5300 - 9.7800|
|Beta (5Y monthly)||0.71|
|PE ratio (TTM)||N/A|
|Earnings date||29 Jul 2020 - 03 Aug 2020|
|Forward dividend & yield||0.21 (5.82%)|
|Ex-dividend date||14 Nov 2019|
|1y target est||10.78|
* Singapore shares set to snap 3 sessions of gains * Thai shares up ahead of c.bank meeting * Malaysia falls after 5 sessions in the green By Pranav A K May 20 (Reuters) - Most Southeast Asian stock markets slipped on Wednesday, tracking overnight losses on Wall Street, as investors refrained from making big bets after doubts were cast over a recent early-stage trial of a coronavirus vaccine. "Asian markets may retreat on Wednesday after a setback in vaccine optimism with investors refocusing on the downbeat economic outlook induced by COVID-19," economists at ING said in a note. Leading losses in Southeast Asia, Singapore's Straits Times Index snapped three sessions of gains and fell 1%, with industrial stocks weighing the most, even as the city-state looks to restart its economy with a phased easing of restrictions.
Singapore Airlines Ltd said on Friday it would slash capital spending by 12% to S$5.3 billion ($3.72 billion) from a previously planned S$6 billion in the financial year ending March 31 as it grapples with the coronavirus crisis. Singapore Airlines on Thursday evening reported its first-ever annual loss, citing poor fuel hedging bets and the collapse in demand driven by the coronavirus pandemic, saying the timing of any recovery was uncertain. The latest capital spending budget reduces the amount spent on new aircraft by S$600 million and on other items by S$100 million.
Singapore Airlines Ltd said on Friday it would slash capital spending by 12% to S$5.3 billion ($3.72 billion) from a previously planned S$6 billion in the financial year ending March 31 as it grapples with the coronavirus crisis.
Singapore Airlines reported an annual loss of almost $150 million Thursday, driven by the collapse in air travel caused by the coronavirus pandemic, and the latest sign of the outbreak's devastating impact on the aviation sector. The airline group -- which includes subsidiaries SilkAir and Scoo -- suffered a net loss of Sg$212 million (US$148 million) for the financial year that ended on March 31, compared to a profit of Sg$683 million last year. The city-state's flag carrier lost Sg$732 million in the fourth quarter, mainly due to a reduction in passenger revenue as the virus crisis exploded.
* Singapore shares hit near 3-week low * Singapore Airlines tumbles to more than two-decade low * Philippine shares snap two days of gains By Pranav A K May 14 (Reuters) - Most Southeast Asian stock markets fell on Thursday as worries over a prolonged global economic recovery from the damages caused by COVID-19 pandemic were exacerbated by the World Health Organization's warning that the virus may never go away. The World Health Organization said on Wednesday the new coronavirus that causes the COVID-19 disease could become an endemic like HIV and may never go away. In trade bellwether Singapore, stocks fell 1.9% to their lowest level since April 24.
Singapore Airlines Ltd on Thursday reported its first-ever annual loss, citing poor fuel hedging bets and the collapse in demand driven by the coronavirus pandemic, and said the timing of any recovery was uncertain. Singapore Airlines did not declare a dividend and said the prospects of a recovery in international travel depended on when border controls and travel restrictions eased. Airline passenger traffic is not expected to return to pre-crisis levels until 2023 at the earliest and domestic markets will recovery more quickly than international travel, the International Air Transport Association said on Wednesday.
* Vietnam index marks best week since April 10 * Ayala Land biggest loser in Philippines * Singapore Airlines sees FY net loss By Pranav A K May 8 (Reuters) - Vietnamese stocks jumped 2% on Friday on news that the Southeast Asian country was on course to revive its economy much sooner than most others, while Philippines was weighed down by telecom companies. Industrial companies Saigon Machinery Spare Parts and Ben Thanh Trading & Service jumped about 7% each and led gains in the benchmark. Singapore shares reversed early gains to end nearly flat after index heavyweights, Oversea-Chinese Banking Corp and Singapore Airlines, reported dismal results.
Singapore Airlines Ltd said on Friday that it would report a material operating loss in the quarter ended March 31 partly because of a collapse in fuel prices that led to major hedging losses and that it would push back aircraft deliveries. The airline said operating cashflows were expected to remain negative in the quarter ending on June 30 at a time when most of its fleet is grounded because of the coronavirus crisis. Additional fuel hedging losses are expected in that quarter, it said.
Singapore Airlines Ltd said on Friday it would report a material operating loss in the quarter ended on March 31 due in part to a collapse in fuel prices that has led to major hedging losses and that it would look to push back aircraft deliveries. Additional fuel hedging losses are expected in that quarter, it said.
* Indonesian consumer confidence index plunges in April * Singapore Airlines soars to near 2-month high * Thai markets closed for a holiday By Pranav A K May 6 (Reuters) - Most Southeast Asian stocks fell in low-volume trade on Wednesday as poor economic data capped risk sentiment, but Vietnam jumped more than 2% to its best session in more than a month. Vietnam's Prime Minister Nguyen Xuan Phuc said on Tuesday that the country would try to keep economic growth above 5% this year, above estimates from the International Monetary Fund, as activity resumes after a coronavirus lockdown. Profit-taking on Ayala Corp, Ayala Land and Metro Pacific Investments sent the country's benchmark index sharply lower earlier in the session, said Frances Nicole L Samorano, a research analyst at RCBC Securities.
Australia on Wednesday said it has reached agreements with Singapore Airlines and Qantas Airways Ltd to carry foods to Asian markets, part of a government initiative to help businesses hit hard by the new coronavirus. Qantas from Thursday will begin a weekly flight from the country's north to Hong Kong carrying seafood and other produce from Queensland state, while Singapore Airlines will carry food from the state of South Australia, the government said. Australia's trade minister, Simon Birmingham, said the agreements would help re-establish direct freight routes for exporters who have been struggling to ship overseas during the pandemic.
* Philippines exports shrink sharply in March * Singapore rises 1% * Thai markets closed for holiday By Pranav A K May 6 (Reuters) - Singapore shares gained the most in Southeast Asia on Wednesday, supported by the industrial sector, while Philippine stocks dropped more than 1% on profit-taking and dismal exports data. Financial markets around the world have been caught this month between grim economic figures and worries about worsening U.S.-China relations, and optimism over easing COVID-19 lockdowns in many countries. Philippine stocks fell up to 1.4%, dragged down by a 3.9% drop in shares of conglomerate Ayala Corp. Investors are taking profits from Ayala Corp, Ayala Land and Metro Pacific Investments as they gained sharply on Tuesday after President Rodrigo Duterte apologised to their owners, said Frances Nicole L. Samorano, a research analyst at RCBC Securities.