Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Singapore
  4. Singapore Stock Exchange
  5. Singapore Airlines Limited
  6. News
  7. Summary
    C6L   SG1V61937297


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Stocks fall as Singapore re-imposes COVID-19 curbs

05/14/2021 | 02:14am EDT

* Social gatherings limited to 2 people

* Dining-in at restaurants halted

* Straits Times index falls most in 11 months

* Singapore domestic cases low in recent months

SINGAPORE, May 14 (Reuters) - Singapore announced on Friday its strictest curbs on gatherings and public activities since a coronavirus lockdown last year, amid a rise in locally acquired infections and with new clusters forming in recent weeks.

The measures, which will be in force from Sunday to mid-June, include limiting social gatherings to two people, a halt on dining in at restaurants and for employers to make working from home a default arrangement for staff.

Malls and cinemas will be allowed to operate but at reduced capacity.

Singapore's Straits Times index closed down 2.2% on Friday, its sharpest daily fall in 11 months, with drops led by firms exposed to retail and travel. Singapore Airlines fell 5.7%, the sharpest drop in a year.

The Singapore dollar fell slightly.

The Asian trade and financial hub of 5.7 million people had until recently been reporting almost zero or single-digit daily infections locally for months.

On Friday, it confirmed 24 locally transmitted infections for the second consecutive day, the highest daily number since September, driven partly by a cluster at its international airport.

"This is clearly a setback in our fight against COVID-19, " said Lawrence Wong, co-chair of Singapore's coronavirus taskforce.

Despite reassurances from authorities of adequate supplies, long queues were seen forming up at some supermarkets on Friday following the announcement, with shoppers filling trolleys with food items and necessities. Staff were busy restocking shelves.

Transport Minister Ong Ye Kung said the outbreak would "very likely" delay a planned travel bubble with Hong Kong.

Singapore posted its worst recession last year due to pandemic and is now charting an uneven recovery.

The return of restrictions come as the city-state was gearing up to reopen to visitors and businesses and host international events, including next month's annual defence and security meeting, the Shangri-La Dialogue, and the World Economic Forum's summit in August.

"Quick reopening hopes have been dashed, especially for the travel and leisure sectors," said Bank of Singapore analyst Moh Siong Sim. "Manufacturing should hold up as has been the case over the past year." (Reporting by Chen Lin and Tom Westbrook; Editing by Ed Davies, Martin Petty and Raissa Kasolowsky)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BRITISH POUND / SINGAPORE-DOLLAR (GBP/SGD) -0.07% 1.8492 Delayed Quote.2.46%
EURO / SINGAPORE-DOLLAR (EUR/SGD) 0.13% 1.5854 Delayed Quote.-1.90%
INDIAN RUPEE / SINGAPORE-DOLLAR (INR/SGD) 0.35% 0.018334 Delayed Quote.1.03%
MSCI SINGAPORE (GDTR) -0.56% 6540.383 Real-time Quote.13.02%
SINGAPORE AIRLINES LIMITED -0.79% 5 End-of-day quote.16.82%
US DOLLAR / SINGAPORE-DOLLAR (USD/SGD) 0.33% 1.3533 Delayed Quote.2.13%
09/17EXCLUSIVE : Tougher EU airport slot rules trigger Asia retaliation threat, risk industry t..
09/16SINGAPORE AIRLINES : Utilizes Remaining $446 Million Proceeds from 2020 Rights Issue
09/16Singapore Shares Close Higher; Hatten Shares Balloon 140% on Crypto Mining Deal
09/16SINGAPORE AIRLINES : Operational Statistics
09/16QANTAS AIRWAYS : Virgin Australia to require COVID-19 vaccinations for staff
09/15SINGAPORE AIRLINES' : August Passenger Capacity at 32% of Pre-COVID Levels
09/14Singapore Airlines Reportedly Open to Air India-Vistara Synergies Post Tata Deal
09/13EMPLOYEE STOCK OPTION/ SHARE SCHEME : :notice of transfer of treasury shares
09/13SINGAPORE AIRLINES : Philip Goh to Lead IATA in Asia-Pacific as Regional Vice President
09/13Asian airline group's members commit to net zero emissions by 2050
More news
Analyst Recommendations on SINGAPORE AIRLINES LIMITED
More recommendations
Sales 2022 7 955 M 5 878 M 5 878 M
Net income 2022 -1 189 M -878 M -878 M
Net Debt 2022 9 997 M 7 387 M 7 387 M
P/E ratio 2022 -15,9x
Yield 2022 -
Capitalization 14 837 M 10 957 M 10 964 M
EV / Sales 2022 3,12x
EV / Sales 2023 2,04x
Nbr of Employees 22 934
Free-Float 99,3%
Duration : Period :
Singapore Airlines Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SINGAPORE AIRLINES LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 13
Last Close Price 5,00 SGD
Average target price 4,53 SGD
Spread / Average Target -9,32%
EPS Revisions
Managers and Directors
Choon Phong Goh CEO & Non-Independent Executive Director
Kai Ping Tan Chief Financial Officer
Lim Huat Seah Independent Non-Executive Chairman
Wei Jun Wang Senior Vice President-Information Technology
Hwa Peng Lau Senior Vice President-Engineering
Sector and Competitors