|Bid||4.1000 x 0|
|Ask||4.1000 x 0|
|Day's range||3.9200 - 4.1200|
|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 (5.53%)|
|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 — Bearish bets have risen sharply on Singapore Airlines shares, making it the most shorted stock in the city state as the carrier posted its biggest ever quarterly loss in the wake of the coronavirus pandemic.
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 <SIAL.SI> 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 <SIAL.SI> 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 <SIAL.SI> and Qantas Airways Ltd <QAN.AX> 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.
Singapore's prime minister said on Thursday the government would ensure that national carrier Singapore Airlines (SIA) <SIAL.SI> survives the COVID-19 crisis, but warned that the economy would have to open up slowly and some jobs would disappear forever. Singapore is facing the deepest recession in its 55-year history, and authorities have warned that unemployment is likely to rise and wages drop. Authorities will ease curbs and progressively restart the economy once the number of cases come down, Lee said.
Virgin Australia's <VAH.AX> entry into administration could give any successful bidder for the country's second-biggest airline the chance to free it from a complex ownership structure that has slowed decision making and been blamed for years of losses. Hit hard by the fallout from the coronavirus pandemic, Virgin appointed an administrator on Tuesday to try to sell the airline and more than 10 parties have expressed an interested in recapitalising it. Its losses are largely down to its international and budget divisions and efforts to turn the airline around have been often stymied by a board that includes representatives from the five foreign investors who control more than 90% of the company.
India's aviation regulator has told airlines not to take bookings as the government has not yet decided when to recommence flights after a lockdown scheduled to end on May 3. The Directorate General of Civil Aviation (DGCA) issued the notification after some Indian airlines started taking bookings for May 4 onwards. Indigo, the country's largest airline, and Vistara, owned by Singapore Airlines and Tata Group, had said earlier they would begin operations in a phased manner from May 4.
Virgin Australia Holdings Ltd said on Thursday it would ground all domestic flights, except a single daily Sydney-Melbourne service through June 15, as it continues to seek government aid to weather the coronavirus crisis. Australia's second-biggest airline has asked the government for a A$1.4 billion loan that could be converted to equity in certain circumstances. "As a result of government restrictions, less people are travelling and we have made changes to our schedules to reflect this," Virgin said of the latest capacity reduction.
As the novel coronavirus continues to spread, commercial flights have all but stopped. A Reuters analysis of data from FlightAware, which tracks air traffic in real-time, reveals a series of sequential and precipitous declines in flights in four key regions as officials sought to contain the outbreak. From March 24 to March 30, FlightAware tracked about 280,000 flights, down almost 500,000 from the same week a year earlier.
Syndicated lending in Asia Pacific plunged to the slowest quarter in eight years as the coronavirus pandemic took its toll with several countries imposing lockdowns and grinding a range of business activities to a halt. Loan volumes in Asia Pacific (ex-Japan) dropped 39% to US$68.92bn in the first quarter from US$113.79bn a year ago, while dealflow shrunk to 221 from 377 loans completed in the same period, according to Refinitiv LPC data. The volumes for the first three months of 2020 represent the lowest quarterly tally since the first quarter of 2012 when lending in Asia Pacific slumped to US$62.21bn from 231 deals in the aftermath of the 2011 eurozone crisis.
Israel is offering its second-biggest airport as a place for foreign carriers to park planes grounded by the coronavirus outbreak, an Israeli official said on Monday. The Israel Airports Authority said it was in touch with several airlines about parking in Ramon Airport, in Israel's southern desert, which could accommodate about 100 planes. Israel opened Ramon last year to encourage tourism to the nearby Red Sea port of Eilat and serve as a wartime alternative to Tel Aviv's Ben Gurion Airport, the country's main gateway.
Singapore Airlines has secured a 13 billion dollar lifeline. It's the single biggest financing package announced by any airline since the global pandemic began. Almost three quarters of the money comes from the sale of shares and bonds underwritten by Singapore state fund Temasek. The rest is a loan from Singapore's biggest bank, DBS Group. It comes after the airline cut capacity by 96% and grounded almost all its planes. And it's more money than that secured by some larger carriers. Late Thursday (March 26) American Airlines said it was eligible for $12 billion in U.S. government aid. That's part of the total $58 billion dollar loan and grant package that Washington has offered its carriers. Payouts under that deal could begin within 10 days. Any light at the end of the tunnel remains distant though. New data Friday (March 27) showed passenger traffic at major airport hubs in the Asia-Pacific down 80% on the year in the second week of March. Meanwhile China has ordered drastic cuts in international flights in a bid to stop importing infections.
SINGAPORE/SYDNEY (Reuters) - Singapore Airlines <SIAL.SI> said it had secured up to S$19 billion (11 billion pounds) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return. It is the single biggest financing package announced by an airline since demand plunged because of the pandemic, forcing carriers around the world to ground planes, put staff on unpaid leave and scramble to raise more cash to ensure their survival. American Airlines <AAL.O>, a much larger carrier, said on Thursday it would be eligible for $12 billion (9.8 billion pounds) of U.S. government aid as part of a $58-billion loan and grant package for the industry.
State investor Temasek Holdings and others put together a funding package of up to S$19 billion ($13.27 billion) for Singapore Airlines (SIA) <SIAL.SI> in the single biggest rescue for an airline slammed by the coronavirus pandemic. The massive financing plan, which drove SIA shares down as much as 10.5% on Friday, underscores the depth of financial trouble for the global airline industry, with nearly one-third of the world's aircraft already grounded because of the pandemic, according to data provider Cirium. The S$5.3 billion equity and up to S$9.7 billion (5.5 billion pounds) convertible note portions of the Singapore Airlines fundraising are being underwritten by Temasek, which owns about 55% of the group.
State investor Temasek Holdings and others put together a funding package of up to S$19 billion ($13.27 billion) for Singapore Airlines (SIA) in the single biggest rescue for an airline slammed by the coronavirus pandemic. The massive financing plan, which drove SIA shares down as much as 10.5% on Friday, underscores the depth of financial trouble for the global airline industry, with nearly one-third of the world's aircraft already grounded because of the pandemic, according to data provider Cirium. The S$5.3 billion equity and up to S$9.7 billion convertible note portions of the Singapore Airlines fundraising are being underwritten by Temasek, which owns about 55% of the group.