SIA Just Posted a Loss. The Balance Sheet Story Is More Complicated Than the Headline. 🦖
SIA Just Posted a Loss. The Balance Sheet Story Is More Complicated Than the Headline. 🦖
🔍 The Angle
SIA just posted a S$76 million loss in the same breath it called its balance sheet “robust”. When I pulled the filings, the picture was stranger than that headline, record revenue and rising passenger yields sitting next to a quarter wiped out by fuel and Air India. Half my solvency checklist can be verified, half of it is still a blank space the press release never fills.
💰 What It Means For You
If you are holding SIA for income, the number that matters today is not the loss, it is the 3.48% ordinary yield at around S$7.77, still below a 4.7% hurdle built for CPF and SRS capital taking equity risk. SIA’s cash and near-cash plus credit lines add up to roughly S$13.7 billion against S$10.7 billion of debt, but Iggy's Forensic Zone: Zone 4-, Caution, reflects that this comfort does not automatically translate into retirement-grade income. The market can be right that this loss is a fuel shock and still wrong for your wallet if you treat “robust” as a substitute for checking your own yield floor.
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- 1PC·07-29 22:27Nice Sharing 😁 @DiAngel @Aqa @Shyon @koolgal @JC888 @Barcode @Shernice軒嬣 2000LikeReport
- moliya·07-29 12:32tks IggyLikeReport