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mandatory convertible bonds (MCB)
Broker's Calls
Analysts mixed on SIA following MCB redemptions and ahead of 2QFY2023 results
Citi has maintained ‘neutral’ with a lower TP of $5.19 while CGS-CIMB has kept its ‘buy’ call and TP of $6.10.
November 02, 2022
Aviation & Engineering
SIA could incur FY21 loss of $957 mil even if essential air travel resumes: CGS-CIMB
SINGAPORE (May 8): While Singapore is in talks with other countries to possibly allow essential air travel, Singapore Airlines (SIA) may not exit the turbulence just yet, according to CGS-CIMB.
May 08, 2020
Covid-19
Right issue price 'in line with market precedents', says SIA
Singapore Airlines (SIA) has responded to an open letter to the Securities Investors Association Singapore (SIAS) on Friday.
April 24, 2020
Aviation & Engineering
Cash call should keep SIA flying, but earnings to nosedive: CGS-CIMB
Given that the hedges are forward contracts, SIA will be obligated to pay its hedging counterparties for the hedging losses on the hedged barrels, says CGS-CIMB
March 30, 2020
Covid-19
Singapore Airlines to raise $15 bil via rights issue of new shares, mandatory convertible bonds
SINGAPORE (Mar 26): Singapore Airlines (SIA) has announced it is undertaking a renounceable rights issue of new shares in the company and mandatory convertible bonds (MCB) to raise up to $15 billion. Coming just a minute before midnight on March 26, the
March 27, 2020