InvestIdeas

Singapore Airlines drops most in over a year after block sale
https://www.theedgesingapore.com/news/a ... block-sale

SIA posts record quarterly net profit of $734 million for 1QFY2024, nearly doubling y-o-y
https://www.theedgesingapore.com/capita ... ling-y-o-y

not vested

SINGAPORE AIRLINES (SIA SP)
Recommendation : BUY
Fair Value : SGD 7.29

BATED BREATH.

Record half-year operating and net profits on the back of record load factors and robust travel demand

Interim dividend of 10 Singapore cents per share announced

Expect FY24 (financial year ending 31 Mar 2024) to be a bumper year, but normalisation lurks on the horizon

Singapore Airlines (SIA) reported a record performance for1HFY24, with net profit coming in at SGD1.44b, up 55.4% year-on-year (YoY) on the back of robust travel demand and SIA’s sustained lead in capacity post-reopening.

Management has guided positively on air travel demand for the rest of FY24, which is expected to offset softer performance from the cargo business.

While we expect SIA to continue to deliver excellent results for the rest of the year, we note that its operating environment is set to become more competitive, as regional airlines continue to return more international capacity to the market.

A recessionary outlook also remains a key overhang on discretionary travel expenditure, while geopolitical tensions could pose further upside risks to oil prices and inflationary pressures.

We make some adjustments to our forecasts and revise our fair value estimate to SGD7.29. SIA continues to have long-term value in investors’ portfolios, and current valuations are reasonable, in our view.

Source: OCBC

SIA posts record half-year net profit of $1.44 bil for 1HFY2024
https://www.theedgesingapore.com/capita ... l-1hfy2024

Singapore Airlines posts record quarterly revenue of $5.08 bil for 3QFY2024, as North Asia air travel rebounds
https://www.theedgesingapore.com/capita ... h-asia-air

SIA’s 2HFY2024 earnings up just 0.3% y-o-y; ends full year at a record
https://www.theedgesingapore.com/capita ... ear-record

Singapore Airlines encountered turbulence, 1 died and 71 were injured.
The plane crashed and serious casualties were caused by not wearing seat belts.

新航遇亂流 1死71傷 飛機急墜 未繫安全帶傷亡重｜方念華｜FOCUS全球新聞 20240522 @tvbsfocus

https://m.youtube.com/watch?v=z3P2w9qJwes