Singapore Airlines ripe for the picking with 17c dividend

And the stock had traded to it's 10 year low , as low as recession and after 911 level

trading at below NTA

Good price to buy now

be rewarded with cheap SIA share price and with 17c dividend going in 1-2 week's time

Well, the outlook is rather dark & cloudy.

See Maybank analyst report today:

Singapore Airlines: No scope for re-rating, another loss expected; Hold TP $10.50

Ø We are forecasting flat top line growth and core operating losses of SGD35mn for the quarterly results to be announced on 25th July 2013.
Although our FY14F forecast is below street estimates, we maintain our
Hold rating as valuations remain cheap by historical standards.
Ø For the quarter, load factors declined substantially for SilkAir and
weak airfreight market led to a 5.3% YoY decline in traffic.
Ø While the passenger load factor of 78.0% appears relatively high by
historical standards, the weak yield environment is likely to result in
breakeven load factors of above 80% for the parent airline.

I travel to China and INdia frequently. The flights are usually full, and SIA tickets are definitely more expensive than other airlines on similar routes.

I am surprised at SIA's reported low passenger load factors.

first of all , you are buying SIA not at peak price but at rock bottom price

Like even Maybank had pointed out , even their hold rating , they considered SIA valuation cheap by historical standard

So if you are not buying SIA when dirt cheap now , are you going to buy when it is $16 ?

Plus bonus of cum dividend now of 17c

days to drawing nearer and nearer