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MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Singapore Airlines Limited    SIAL   SG1V61937297

SINGAPORE AIRLINES LIMITED

(SIAL)
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Singapore Airlines : 2Q Earnings Missed Expectations -- Earnings Review

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11/05/2019 | 10:31pm EST

By Justina Lee

Singapore Airlines Ltd. (C6L.SG) announced its results for the second quarter late Tuesday. Here is what we watched:

Net profit: For the quarter ended September 30, its net profit rose 68% on year to 94.6 million Singapore dollars (US$69.6 million). However, the result missed the S$135.4 million consensus estimate by analysts on FactSet.

Group Revenue: Group revenue grew to S$4.22 billion from S$4.06 billion, but even that was below the S$4.26 billion estimate on FactSet.

WHAT WE WATCHED:

--FUEL COSTS: Fuel costs rose to S$1.18 billion in the quarter, from S$1.16 billion a year ago. Singapore Airlines said that it expects fuel prices to remain volatile due to the current geopolitical and economic risks.

--PASSENGER YIELDS: Passenger yield remained unchanged at 9.9 Singapore cents per kilometer in the second quarter. But the airline said passenger bookings are expected to be stronger in the coming months with yields supported by premium cabin traffic.

Write to Justina Lee at justina.lee@wsj.com

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Financials (SGD)
Sales 2020 17 008 M
EBIT 2020 1 064 M
Net income 2020 690 M
Debt 2020 7 272 M
Yield 2020 3,50%
P/E ratio 2020 16,0x
P/E ratio 2021 14,0x
EV / Sales2020 1,06x
EV / Sales2021 1,20x
Capitalization 10 820 M
Technical analysis trends SINGAPORE AIRLINES LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 10,35  SGD
Last Close Price 9,13  SGD
Spread / Highest target 29,2%
Spread / Average Target 13,4%
Spread / Lowest Target -1,75%
EPS Revisions
Managers
NameTitle
Choon Phong Goh CEO & Non-Independent Executive Director
Lim Huat Seah Independent Non-Executive Chairman
Chin Hwee Ng EVP-Human Resources & Operations
Stephen Barnes Senior Vice President-Finance
Wei Jun Wang Senior Vice President-Information Technology
Sector and Competitors
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INTERNATIONAL CONSOLIDATED AIRLINES GROUP, SA1.84%16 656