We recently attended the 2019 Singapore Airlines Ltd (SIA) AGM held on 29 July 2019.
Key highlights:
1. SIA’s 3-year transformation programme
2. Boeing Max
3. Fuel
4. Competitive
5. India
Commentary #
Still a very challenging industry and no sustainable competitive advantage. Any advantage in fuel from new planes is only temporary. SIA share price has not moved for the past 20 years.
Competition is intense and profitability is dependent on the vagaries of fuel prices.
# Phillip Securities Research does not have any recommendation on Singapore Airlines.
Paul has almost 20 years of experience as a fund manager and sell-side analyst. During his time as fund manager, he has managed multiple funds and mandates including capital guaranteed, dividend income, renewable energy, single country and regionally focused funds.
He graduated from Monash University and had completed both his Chartered Financial Analyst and Australian CPA programme.