National Financial Disaster - Capitaland, Keppel, Singtel, SPH, SIA

[rushifa666]

Is the digital bank market really so big opportunity in Asia??



its just another scam provided by MAS to increase online activity,
digital banking already mostly provided by all the existing banks and hedge funds (for the bigger investors)
shares of those applicants shot up a lot, watch them fall when the licenses are announced
lots of local companies like ifast partner china "entities" to apply, as we all know, once china is involved, run far far away,

like hyflux, it was a good company until the board of directors started to include chinese from china

Then you dont u derstand a single thing. Bitcoin users cannot use their credit card in retarded sinkieland. Instead that is flowing to other countries

 

[Cerebral]

Airlines is a cut-throat business, and the pandemic has fucked over all tourism-related industries.

Traditional media is going to die, and SPH is a relic sustained only for its propaganda value.

Singtel got fucked in India and Australia. Familee relative Chua has been in charge for how many years now?

Keppel has its fingers in multiple pies.

Capitaland... we will soon find out exactly how much it had lost in China.

No wonder govt needed to find new source of funds for them through energy market.

 

[Chase]

SPH below $1, hinting at dismay upcoming results.
Singtel expected to trade lower by mid-Nov.

 

[Chase]

Singapore overtakes Thailand to become Asia's worst stock market
Bloomberg Published on Sat, Oct 31, 2020 / 10:34 PM GMT+8 / Updated 3 minutes ago

Singapore Airlines Ltd. and ComfortDelGro Corp. are the worst performers on the index this year so far -- down 46% and 42%, respectively -- after the pandemic battered travel and forced people to stay home. A gloomy outlook for tourism could limit the stock market’s re-rating potential, according to Suresh Tantia, an investment strategist at Credit Suisse Group AG.

 

[Chase]

Robinsons got killed because of rentals.
Now, Capitaland lost an iconic tenant and SPH lost an important advertiser.

 

[Johnrambo]

Move fatty ng yat chung to SIA pronto, confirm sink three miles into the ground

 

[mudhatter]

wonderful

more Paper Generals needed

in GLCs

the earlier stinkypura the devilish poodle of yankee zionists anglos uplorry, the better

malaysia should complete shut off all travel, trade with stinkypura when that happens

same for indonesia

no travel or trade through indonesian airspace

and ditto for malaysian airspace

for trade or travel to/from stinkypura


called poetic justice?

 

[Chase]

In its business update for the third quarter ended Sept 30, the property giant said: "Following significantly reduced profitability in H1 2020 and arising from a subdued operating environment, lower expected capital recycling, year-end revaluation that will be applied to the group's investment property portfolio, as well as impairment assessment for equity investments, CapitaLand's financial performance for FY2020 will be materially adversely impacted."

From https://www.straitstimes.com/busine...y-adverse-hit-on-full-year-results-from-covid

Capitaland's net debt is $25billion, highest among local real estate companies. One may argue that Capitaland is sitting on over $80billion of assets but with an ultra-low asset turnover of 0.07 and huge exposures to retail scene in Asia, any force-sale value (FSV) of these properties to meet debt obligations in the next 12 months are likely to weaken Capitaland's debt-equity ratio.

As such, Capitaland will not offload major assets to reduce their debts. The next option will be to borrow more, from the current low-interest rates environment. However, at this moment, Capitaland's Long-term Debt-Equity ratio is nearly as high as Oxley (110-120 times) whose debts are trading at near-junk coupons. This is almost double that of many reputable big real estate companies in Singapore. Looks like, it is not advisable for Capitaland to tap the debt market further.

Capitaland has four prominent babies AscT, CMT, CCT and CRCT. Lee and Liew adopted the same leverage strategy for all four, leaving them with a dollar in hand for ten dollars of debts. Further debt-raising will be more costly, and pose to wipe-out distributions and seriously, I don't think four of them dare to offload their major properties cheaply in the next 12 months to pay for their debts to avoid affecting covenants of their existing debts.

With Capitaland's weak financials, will Capitaland need a rights-issue within the next 12 months to shore up their balance sheet?

 

[Chase]

SIA is like a bus company, that speculates in bus and fuel prices because their cost of financing is below 2.5%pa. If they do well, they reward themselves hard. If not, the state will bail them out. Now, it is pure nonsense that we can't even walkaway by giving up deposits new planes. Does this hint that the management took pocket money from the plane purchases?

More weird now, today SIA took an impairment charge of S$1.3 billion relating to the removal of 26 older generation aircraft, including seven Airbus SE AIR.PA A380 super-jumbos, to reposition its fleet.

If there is excess planes in times like this, then why still buy more new planes?
Got big tickets purchase then got benefits right? What kind of demons are running SIA now?

SIA lost $3.5bn in the last six months, almost $3 per share
https://links.sgx.com/FileOpen/nr-q2fy2021.ashx?App=Announcement&FileID=638274

 

[Chase]

(Bloomberg) -- Singapore Airlines Ltd. plans to raise more liquidity after posting its biggest quarterly loss on record as the coronavirus decimated travel demand and charges from fuel hedging and fleet impairment weighed on its bottom line. The airline is in advanced talks to raise funds in the debt capital market and by selling and leasing back some of its aircraft, Chief Executive Officer Goh Choon Phong said during a briefing Monday, without elaborating.

https://www.bloombergquint.com/busi...s-seeks-liquidity-after-suffering-record-loss

 

[Chase]

SIA just raised another $850m. Should be enough to see them through Chinese New Year
https://asianaviation.com/sia-heads-to-debt-markets-to-raise-us630-million

S$850 million (US$630 million) via a convertible bond issue placed with a variety of institutional investors. The offer was more than four times oversubscribed with strong investor interest. As a result, the issuance was upsized from the initial S$750 million to S$850 million with more attractive terms for SIA, the airline said.

The airline also said “positive discussions have also taken place on aircraft sale-and-leaseback transactions and the company will continue to explore other means to further strengthen our liquidity as necessary. Since the start of the 2020/2021 financial year, including (Friday’s) issuance, Singapore Airlines has raised approximately S$12.2 billion. This includes S$8.8 billion from SIA’s successful rights issue, S$2 billion from secured financing, and more than $500 million through new committed lines of credit and a short-term unsecured loan. Including the new lines of credit, SIA will continue to have access to more than S$2.1 billion in committed credit lines. For the period up to July 2021, the company also retains the option to raise up to S$6.2 billion in additional mandatory convertible bonds that would provide further liquidity if necessary.

 

[laksaboy]

Taken from some Chinese financial news website.

Jack Ma (of Alibaba fame) Ant Group's investors.

Under 'foreign institutional investors', Singapore GIC holds 4.27%, and Singapore Temasek holds 2.73%.

 

[red amoeba]

Temasek bailing out SIA again.

 

[Chase]

SIA to use $0.9 bil from rights issue for ticket refunds, ongoing operating expenses and debt service
https://www.theedgesingapore.com/ne...s-ongoing-operating-expenses-and-debt-service

 

[Chase]

Market whisper: ANT Financials and Ultra-weak China consortium Greenland awarded singapore digital banking licences, in exchange for giving DBS access to China.

If DBS is going to take the shortcut and buy up new stakes in China banks after bailing our India's LV Bank, I need to add DBS to the thread's title.

 

[syed putra]

Market whisper: ANT Financials and Ultra-weak China consortium Greenland awarded singapore digital banking licences, in exchange for giving DBS access to China.

If DBS is going to take the shortcut and buy up new stakes in China banks after bailing our India's LV Bank, I need to add DBS to the thread's title.

PAP needs to recycle the excess cash from money laundering hub.

 

[eatshitndie]

hosay liao. received full refund from sia in thousands of usd as tickets were purchased in advance over a year ago. they should have earned some interest sitting on a pile of cash from advanced bookings. now that cash pile is gone as they refund would be passengers. honorable of them to do so. i will fly sia again.

 

[Chase]

PAP needs to recycle the excess cash from money laundering hub.

I see the way GLCs losing money overseas, Singapore is like ammo dump, unlimited bullets.
Can sell the whole tanjong pagar port land to repay these debts.

 

[batman1]

WHEN are they assigning Gen Ng Yat Chung to PA or PAP ???

 

[Chase]

WHEN are they assigning Gen Ng Yat Chung to PA or PAP ???

Weird things continued to happen in SPH, someone tried to sabo Mr Ng lately. They shut down his profitable education center branch, proposing that they can squeeze the same number of students to a smaller number of outlets. In the end, they had almost full attrition of students population because parents are unwilling to travel further. Overnight, they wiped out the cash-cow base that they had built for a decade.