The S$8.8 billion that $SINGAPORE AIRLINES LTD(C6L.SI)$raised in a rights issue in 2020 is almost depleted, but global air travel is not coming back in full swing soon. Fresh waves of infections are being reported across the globe, and vaccination rates have been hit by a supply snag. It may need funds again with slow recovery but it has several options besides tapping MCBs.
Hong Kong will suspend flights from India, Pakistan and the Philippines for two weeks from 20 Apr, after the N501Y mutant ** strain was detected for the first time. Will this piece of news further impact on $SINGAPORE AIRLINES LTD(C6L.SI)$price?$5 next solid supporting level?
$CHINA EVERBRIGHT WATER LIMITED(U9E.SI)$has posted 23% growth in earnings of HK$1.02 billion ($174.3 million) for the FY2020 ended December, from earnings of HK$833.5 million a year ago.Group revenue for the year climbed 2% y-o-y to HK$5.66 billion, while gross profit grew 16% y-o-y to HK$2.20 billion.During the period, gross profit margin (GPM) increased 5 percentage points to 39%.Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 17% y-o-y to HK$1.93 billion.Basic earnings per share (EPS) stood at 35.80 HK cents, up 19% y-o-y.
$KOUFU GROUP LIMITED(VL6.SI)$is set to receive S$11.8 million from a proposed sale of properties at 18 and 20 Woodlands Terrace. The purchaser exercised the option to purchase on March 11, although the sale remains subject to and conditional upon the written in-principal approval from JTC.
The NAV of $SINGAPORE PRESS HLDGS LTD(T39.SI)$is about $2.06, with the diversified efforts such as student accommodation and retail assets, will the intrinsic valuevalue unleashed? Look like undervalued as it is showed by current media and print business performance.Interesting point to monitor in the upcoming finanical announcement on 30 Mar 21.