So far I could not find any analysts or so called experts giving us their take on Singapore Airlines' 2nd quarter earnings (July-Sep). It is end of October and yet no one talk about it. Bad news?? Come on analysts tell us something please. Perhaps you people don't have the faintest idea of how SIA did in the 2nd qrt.
Perhaps, I can play the role of an analyst. Mind you I am just a layman with no experience in analysing stuff like companies' profitability and losses. But looking at the SIA current share price, Q2 result may not be encouraging.
When SIA made S$78 million in Q1, the share price was around $10.70. Today, it is hovering around $10.60.
One consolation though because to me the share prices do not necessarily reflect the performance of the company. There are also other factors to be considered eg global stock market condition, the coming US presidential election, etc.
So my guess is SIA is still profitable in Q2. One of my reasons for being optimistic is due to the temporarily surge in SIA share price a month ago from 10.50 to around 10.85. It fell back after the Dow started to slip. It could have crossed the $11 mark had it not been for the Dow and report of the slowing down of the world second largest economy (China).
Why was there a surge in SIA share price about a month ago,albeit for a very short period only? Again my guess is that someone knew what's on the balance sheet and had leaked the good news. Buying volume wasn't heavy but on a small scale everyday for almost a week.
My not so expert recommendation is buy SIA share now at around $10.57 to 10.60 and you won't regret.
Profit wise for Q2 would be around $100 million (more or less). My 2 cents worth.