- SIA (SGX:C6L) hosted its post-1HFY23 (Apr-Sep 2022) results briefing yesterday – SIA did not provide any forward guidance, but said that as competitors reinstated capacity, it is natural to expect yields to moderate from the exceptional situation in FY23F which saw SIA catering effectively to a surge in demand while its competitors struggled to reactivate their idled airplanes.
- - Read this at SGinvestors.io -
- In order to build a base of forward bookings, SIA is offering promotional fares across its network for travel in early-CY23; this could be a sign that SIA is taking preemptive action to lock in demand before other competitors ramp up capacity that may pressure fares lower.
- - Read this at SGinvestors.io -
- See our earlier report: Singapore Airlines - CGS-CIMB Research 2022-11-07: Huge 2QFY23 Profit; 3Q To Be Even Bigger? and SIA's dividend history. We have pencilled in a ~50% payout ratio in our FY23-25F forecasts. We think our 50% payout assumption is reasonable, but SIA did not comment on its dividend policy at yesterday’s results briefing.
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
Raymond YAP CFA CGS-CIMB Research | https://www.cgs-cimb.com 2022-11-08
Read also CGS-CIMB's most recent report:
2024-01-09 Singapore Airlines - Upgrade To ADD For Big Returns Over Half Year.Previous report by CGS-CIMB:
2023-11-08 Singapore Airlines - Somewhat Overcast Skies Into 2HFY24.Price targets by 5 other brokers at SIA Target Prices.
Listing of research reports at SIA Analyst Reports.
Relevant links:
SIA Share Price History,
SIA Announcements,
SIA Dividends & Corporate Actions,
SIA News Articles
Singapore Airlines - Enumerating Downside Risks To SIA
SINGAPORE AIRLINES LTD (SGX:C6L)
