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SIA Shares Drop To 8-month Low  
User currently offlineBigo747 From , joined Dec 1969, posts, RR:
Posted (12 years 1 month 2 weeks 5 days 10 hours ago) and read 2944 times:

Was working at CX in YVR today and saw this interesting news on CX's News network.

Singapore Airlines' share hits the 8-month low, it's market value has dropped S$1.3billion on the Strait Times Index.

The reason why SIA stock drops sharply is due to main concerns on the recovering of the US economy, could affect SIA's global operations.

Meanwhile, CX reported a dramatic increase of revenue by 7% for the interim performance. Thanks to the recovering of US economy.

Bigo747/1126

7 replies: All unread, jump to last
 
User currently offlineDocpepz From Singapore, joined May 2001, 1971 posts, RR: 3
Reply 1, posted (12 years 1 month 2 weeks 5 days 8 hours ago) and read 2903 times:

"The reason why SIA stock drops sharply is due to main concerns on the recovering of the US economy, could affect SIA's global operations.

Meanwhile, CX reported a dramatic increase of revenue by 7% for the interim performance. Thanks to the recovering of US economy."

These two sentences seem to contradict each other on their perspectives on the US economy!



User currently offlineBigo747 From , joined Dec 1969, posts, RR:
Reply 2, posted (12 years 1 month 2 weeks 5 days 8 hours ago) and read 2891 times:

It is a contradiction. It's the investors' psychological problem.

User currently offlineBigo747 From , joined Dec 1969, posts, RR:
Reply 3, posted (12 years 1 month 2 weeks 4 days 20 hours ago) and read 2862 times:

Just want to make a correction.

SIA's market value has actually dropped S$2.1billion in 3 days. That's around USD$1.2billion.

Another main concern is for reports coming out saying South Africa ask SIA to take SAA stake.


User currently offlineJesseycy From New Zealand, joined Aug 2001, 343 posts, RR: 0
Reply 4, posted (12 years 1 month 2 weeks 4 days 4 hours ago) and read 2844 times:

So anyone has a good speculation of why the shares are dropping so low? Is it because their load figures are not good? What are they anyway?

At any other time, I would say not worry, the Singapore government will bail them out. But now, hmm, S'pore seems to be easing off its tightly controlled economy...... So this time, it looks like SIA is pretty much on its own!

But it's a great airline, with lots of reserves... No worry still......


User currently offlineHkgspotter1 From Hong Kong, joined Nov 2005, 0 posts, RR: 0
Reply 5, posted (12 years 1 month 2 weeks 4 days 4 hours ago) and read 2831 times:

One person could answer your questions but for some strange reason he's not to be seen on this topic.

User currently offlineEx_SQer From United States of America, joined Apr 2002, 1436 posts, RR: 5
Reply 6, posted (12 years 1 month 2 weeks 4 days 2 hours ago) and read 2812 times:

Jesseycy: Investors are spooked, that's all. If you look at the stock market this past few weeks you'll see that it's been see-sawing everyday and people are freaked out by all the uncertainty in the economy today.

User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 7, posted (12 years 1 month 2 weeks 4 days 2 hours ago) and read 2810 times:

Jessecy,

Singapore Airlines' performance seen February (arguably January) 2002, has been better than the months for the year before.

Load factors have been increasing since February and Revenue Passenger Kilometres have been consistently increasing above the month from the year before.

Inspite of the load factors increasing, capacity has also increased to meet the demand.

This is in contrast with competitors around the world and in the region where load factors have increased, but capacity has been dramatically cut, and revenue passenger kilometres continue to fall.

Shares in Singapore Airlines fell because of a revaluation in the industry according to analysts based in Singapore and other cities in Asia. In addition, the U.S. economy is unstable and the outlook is unclear.



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