Changi Airport

SingPost reports 55.7% lower earnings of $16.7 mil for 2H; 47.7% lower earnings of $47.6 mil in FY20/21 - THE EDGE SINGAPORE

Results

SingPost reports 55.7% lower earnings of $16.7 mil for 2H; 47.7% lower earnings of $47.6 mil in FY20/21

The board has proposed a final dividend of 0.6 cent per share for the 2HFY2020/2021.

Aviation & Engineering

Keeping Changi Airport as an international hub is a top priority, says Transport minister Ong

Transport Minister Ong Ye Kung travel bubbles will be key in rebuilding the aviation industry and economy.
Singapore opens bubble for business travelers at Changi Airport - THE EDGE SINGAPORE

Zest

Singapore opens bubble for business travelers at Changi Airport

Business travellers will be able to come to Singapore without having to quarantine, provided they remain only at a Changi facility
DBS ups SIA Engineering's TP to $1.80, maintains 'hold' on long-drawn recovery - THE EDGE SINGAPORE

Broker's Calls

DBS ups SIA Engineering's TP to $1.80, maintains 'hold' on long-drawn recovery

Excluding the 20% privatisation premium, the analysts say their fundamental target price would be at $1.50.

Singapore tourism

Hong Kong and Changi lose status as Asia's busiest airports

All three airports handled more than 60 million passengers in 2019, but the pandemic scorched demand for travel in 2020.
Changi Airport reinvents itself for return of business travel - THE EDGE SINGAPORE

Covid-19

Changi Airport reinvents itself for return of business travel

Quarantine-free leisure travel has already opened from New Zealand, Brunei, Australia, Vietnam, Taiwan and China.
Covid-19 containment sees Sing dollar strengthen against beleaguered greenback - THE EDGE SINGAPORE

Broker's Calls

Covid-19 containment sees Sing dollar strengthen against beleaguered greenback

Investors should note that a more liberal reopening could increase community infections, increasing risks of a renewed lockdown.
Citing need to 'rebuild', SIA to resume 18-hour-long direct flights to New York's JFK - THE EDGE SINGAPORE

Covid-19

Citing need to 'rebuild', SIA to resume 18-hour-long direct flights to New York

This three-times a week route will be the only non-stop air cargo link from the US Northeast to Singapore.

Company in the news

Does SIA need to make another cash call soon?

As at Aug 14, SIA had already burnt half of the $8.8 billion proceeds raised from rights shares and mandatory convertible bonds.

Broker's Calls

SATS to be loss making in FY21 amid bleak IATA forecast: DBS

The brokerage’s harsh forecast is based on the bleak guidance provided by the International Air Transport Association.
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