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aviation
In print this week
Singapore and Malaysia's new old relationship
SINGAPORE (Dec 17): It is probably safe to say now that Dr Mahathir Mohamad has not changed his attitude towards Singapore. And, for as long as he is prime minister of Malaysia, bilateral relations between the two countries are likely to be rocky.
December 14, 2018
Broker's Calls
Singapore Airlines route shuffle a positive move, but cashflow worries remain: UOB
SINGAPORE (Nov 30): UOB KayHian is maintaining “market weight” on the local aviation sector, while its top “buy” picks remain SATS and ST Engineering, which have been given price targets of $5.40 and $4.06, respectively.
November 30, 2018
Aviation & Engineering
Singapore Airlines announces plans to shuffle routes ahead of SilkAir merger
SINGAPORE (Nov 22): Singapore Airlines (SIA) says its low-cost carrier, Scoot, will be taking over a number of SilkAir’s routes over the next two years – as well as transferring some of its services to existing destinations served by SIA and SilkAir,
November 22, 2018
Results
SATS posts 9% fall in 2Q earnings to $66 mil; declares 6-cent dividend
SINGAPORE (Nov 8): SATS Ltd, the provider of gateway and food solutions, has announced 2Q19 earnings of $65.7 million, down 9% from $72.2 million a year ago in the absence of a one-off gain on disposal of assets held for sale, as well as lower contributio
November 08, 2018
Broker's Calls
China Aviation Oil target price slashed on crude oil & currency risks
SINGAPORE (Nov 2): CGS-CIMB Securities is maintaining its “add” call on China Aviation Oil (CAO), lowering its target price on the stock to $1.83 from $2.03 to account for a wider discount of 30% of peer average compared to 25%.
November 02, 2018
Aviation & Engineering
I was on the world's longest flight. It was brutal, but better
SINGAPORE (Oct 12): Getting from Singapore to New York in one hop is better than a layover—even if it involves taking the world’s longest flight.
October 17, 2018
Aviation & Engineering
GE's jet-leasing unit said to draw sale interest from GIC
NEW YORK (Sept 11): Singapore’s sovereign wealth fund has expressed interest in buying General Electric Co.’s plane-leasing unit, said people with knowledge of the matter.
September 12, 2018
Aviation & Engineering
Singapore Airlines forms strategic partnership with Alibaba for resource sharing & cross-marketing
SINGAPORE (Aug 21): Singapore Airlines (SIA) and China’s Alibaba Group have established a strategic partnership that extends across areas including flight ticket sales, loyalty programmes, marketing initiatives, cloud services, payments and logistics.
August 21, 2018
Broker's Calls
OCBC slashes estimates for SIA after weaker 1Q results
SINGAPORE (July 30): OCBC Investment Research is maintaining its “hold” call on Singapore Airlines (SIA) with a lower fair value of $11.01 on falling cargo load factor (CLF) and implementation of new reporting standards SFRS.
July 30, 2018
Aviation & Engineering
KrisFlyer's miles-based digital wallet KrisPay launched
SINGAPORE (July 24): KrisPay, a collaborative effort between KPMG Digital Village, Singapore Airlines (SIA) and Microsoft, has launched today as the world’s first blockchain-based airline loyalty digital wallet.
July 24, 2018