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There may be a rights issue. But if they are kind to opmi, they will issue bonds to Temasek instead.
I think the writer is a bit premature in bringing attention to save SIA. It will survive for a long time. But it will probably be in fits and starts, just like it had in the past, though possibly worse now with more competition.
Perhaps more noteworthy is the effect a competitively weaker SIA will have on SIAEC.
As an aside, Airasia looks more interesting, even as it is presently under corruption investigations.
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https://www.straitstimes.com/business/co...dging-loss
from the look of it, SIA's fuel hedging losses may be very huge....
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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That's a 2015 article..how is this relevant?
You can count on the greed of man for the next recession to happen.
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(21-03-2020, 02:42 PM)karlmarx Wrote: There may be a rights issue. But if they are kind to opmi, they will issue bonds to Temasek instead.
I think the writer is a bit premature in bringing attention to save SIA. It will survive for a long time. But it will probably be in fits and starts, just like it had in the past, though possibly worse now with more competition.
Perhaps more noteworthy is the effect a competitively weaker SIA will have on SIAEC.
As an aside, Airasia looks more interesting, even as it is presently under corruption investigations.
You mean do a "SembCorp-SembMarine-Temasek" loan..
Temasek should recap SIA and/or its subsidaries to go on the offensive for landing rights and airport-related services.
In good times, the populist politicians would frame selling national airlines stakes as "treason", in bad times, would be seen as a white knight.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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I wonder if SembMarine will finally be acquired by Keppel. Or if there may be asset swaps between Keppel and SembMarine. But I think they have always preferred at least two players in any industry to allow for some competition, which in the long-term, will be good for the companies by keeping them on their toes.
Anyway, i'm staying away from all these even though their prices are at multi-year lows, and there may be potential M&A events.
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Doubt that SembMarine will be acquired in the near term In a market crash, cash is king.
Airlines may be worth looking at after the bailout terms are announced. It seems too early to look at airlines now when their survival could be in doubt. Bailout may not be cheap in market crashes; think Citibank bailout in the 2008 GFC.
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22-03-2020, 12:04 PM
(This post was last modified: 22-03-2020, 12:09 PM by Curiousparty.)
(21-03-2020, 06:55 PM)LionFlyer Wrote: That's a 2015 article..how is this relevant?
The situation now may be much worse for SIA...
Compare SIA hedging price and current oil price. 80 versus 20.
A lot of oil Analysts are saying 20 dollars level will be breached soon....just need to Google and find out.
personally, I think SIA may be teetering on the brink of bankruptcy by June 2020... in a few more months time..
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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Wonder what would be the fate for its retail bond issued in March 2019 and 2nd batch of coupons going to be paid out on 28 march 2020? The shares appear to be a gone case
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