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2022-10-05
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2022-06-29
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U.S. Stock Futures Rise as China Eases Covid-19 Lockdowns
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Contracts for the Dow Jones Industrial Average gained 0.5%, while those for the technology-focused Nasdaq-100 climbed 0.5%.</p><p>VIX rose 0.15% while VIXmain slid 0.95%.</p><p>Gold rose 0.1% and reached $1826.7.</p><p>Stocks have largely bounced back in recent sessions as traders reassessed expectations of steep Federal Reserve interest-rate increases. Weakening economic data have provided some investors with hope that U.S. central bankers might become less hawkish as it tries to fight inflation.</p><p>Still, doubts remain about how long-lasting any rally will be, and many note that indexes are still highly sensitive to news that could rapidly swing stocks either way. The latest example came Tuesday when China’s National Health Commission on Tuesday said it would loosen its strict quarantine requirements for international travelers. U.S. stock futures reversed earlier losses to trade higher after the news.</p><p>Money managers and strategists said recent gains in equities have also been driven by month-end and quarter-end portfolio rebalancing. Many say they still expect more pain ahead for indexes as central bankers grapple with inflation data that could continue to remain sticky next month. Even so, some have waded in to buy stocks at a discount after a months-long drawdown that has sent the S&P 500 falling 18% for the year.</p><p>Later Tuesday, investors will parse data on home prices, as well as consumer confidence data from the Conference Board. Economists surveyed by The Wall Street Journal expect consumers’ optimism to further cool for June as Americans continue to assess the impact of high inflation and rising interest rates.</p><p>In premarket trading in New York, travel and energy companies were bright spots in the market. Occidental PetroleumandDevon Energyeach climbed more than 2%. Wynn Resorts climbed 4.9% and cruise line Carnival rose 1.6%.</p><p>In the bond market, the yield on the benchmark 10-year U.S. Treasury note advanced to 3.222%, from 3.193% Monday. Yields climb when bond prices fall. In general, Treasury yields have fallen in recent weeks as investors re-evaluated their expectations for the Fed’s interest-rate hikes.</p><p>Oil prices climbed. Brent crude, the international benchmark for oil prices, rose 1.3% to $112.44 a barrel.</p><p>Bitcoin dipped slightly from its 5 p.m. ET price Monday, losing 0.3% to trade around $20,842.</p><p>Overseas, the pan-continental Stoxx Europe 600 rose 0.6%, driven higher by a rally in stocks including mining and manufacturing companies.</p><p>In Asia, indexes broadly rallied after China said it would loosen its strict quarantine requirements. The CSI 300 index of Shanghai- and Shenzhen-listed stocks closed 1% higher, while Hong Kong’s Hang Seng Index added 0.7% by late afternoon. Shares in airlines, restaurant chains and Macau casino operators surged.</p><p>The biggest gainers included travel-booking companyTrip.com Group Ltd., whose Hong Kong-listed stock stood 17% higher by late afternoon, and the casino company Sands China Ltd., which advanced nearly 13%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stock Futures Rise as China Eases Covid-19 Lockdowns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stock Futures Rise as China Eases Covid-19 Lockdowns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-28 18:32 GMT+8 <a href=https://www.wsj.com/articles/global-stocks-markets-dow-update-06-28-2022-11656401943?mod=markets_lead_pos2><strong>Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock futures gained as investors assessed the impact that China’s loosening Covid-19 restrictions would have on global supply chains and looked ahead to fresh economic figures.Futures for the S&...</p>\n\n<a href=\"https://www.wsj.com/articles/global-stocks-markets-dow-update-06-28-2022-11656401943?mod=markets_lead_pos2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/global-stocks-markets-dow-update-06-28-2022-11656401943?mod=markets_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196783855","content_text":"U.S. stock futures gained as investors assessed the impact that China’s loosening Covid-19 restrictions would have on global supply chains and looked ahead to fresh economic figures.Futures for the S&P 500 rose 0.5% Tuesday, pointing to rises for stocks after a choppy trading session Monday that sent the broad benchmark index falling 0.3%. Contracts for the Dow Jones Industrial Average gained 0.5%, while those for the technology-focused Nasdaq-100 climbed 0.5%.VIX rose 0.15% while VIXmain slid 0.95%.Gold rose 0.1% and reached $1826.7.Stocks have largely bounced back in recent sessions as traders reassessed expectations of steep Federal Reserve interest-rate increases. Weakening economic data have provided some investors with hope that U.S. central bankers might become less hawkish as it tries to fight inflation.Still, doubts remain about how long-lasting any rally will be, and many note that indexes are still highly sensitive to news that could rapidly swing stocks either way. The latest example came Tuesday when China’s National Health Commission on Tuesday said it would loosen its strict quarantine requirements for international travelers. U.S. stock futures reversed earlier losses to trade higher after the news.Money managers and strategists said recent gains in equities have also been driven by month-end and quarter-end portfolio rebalancing. Many say they still expect more pain ahead for indexes as central bankers grapple with inflation data that could continue to remain sticky next month. Even so, some have waded in to buy stocks at a discount after a months-long drawdown that has sent the S&P 500 falling 18% for the year.Later Tuesday, investors will parse data on home prices, as well as consumer confidence data from the Conference Board. Economists surveyed by The Wall Street Journal expect consumers’ optimism to further cool for June as Americans continue to assess the impact of high inflation and rising interest rates.In premarket trading in New York, travel and energy companies were bright spots in the market. Occidental PetroleumandDevon Energyeach climbed more than 2%. Wynn Resorts climbed 4.9% and cruise line Carnival rose 1.6%.In the bond market, the yield on the benchmark 10-year U.S. Treasury note advanced to 3.222%, from 3.193% Monday. Yields climb when bond prices fall. In general, Treasury yields have fallen in recent weeks as investors re-evaluated their expectations for the Fed’s interest-rate hikes.Oil prices climbed. Brent crude, the international benchmark for oil prices, rose 1.3% to $112.44 a barrel.Bitcoin dipped slightly from its 5 p.m. ET price Monday, losing 0.3% to trade around $20,842.Overseas, the pan-continental Stoxx Europe 600 rose 0.6%, driven higher by a rally in stocks including mining and manufacturing companies.In Asia, indexes broadly rallied after China said it would loosen its strict quarantine requirements. The CSI 300 index of Shanghai- and Shenzhen-listed stocks closed 1% higher, while Hong Kong’s Hang Seng Index added 0.7% by late afternoon. Shares in airlines, restaurant chains and Macau casino operators surged.The biggest gainers included travel-booking companyTrip.com Group Ltd., whose Hong Kong-listed stock stood 17% higher by late afternoon, and the casino company Sands China Ltd., which advanced nearly 13%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9042199324,"gmtCreate":1656454318668,"gmtModify":1676535829160,"author":{"id":"4089160143474880","authorId":"4089160143474880","name":"mad_man","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089160143474880","authorIdStr":"4089160143474880"},"themes":[],"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042199324","repostId":"1196783855","repostType":4,"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9915938135,"gmtCreate":1664934357827,"gmtModify":1676537531730,"author":{"id":"4089160143474880","authorId":"4089160143474880","name":"mad_man","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089160143474880","authorIdStr":"4089160143474880"},"themes":[],"htmlText":"👍 ","listText":"👍 ","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9915938135","repostId":"1154028915","repostType":4,"repost":{"id":"1154028915","kind":"news","pubTimestamp":1663293356,"share":"https://ttm.financial/m/news/1154028915?lang=&edition=fundamental","pubTime":"2022-09-16 09:55","market":"sg","language":"en","title":"Could SIA and SATS Pay a Dividend This Year?","url":"https://stock-news.laohu8.com/highlight/detail?id=1154028915","media":"The Smart Investor","summary":"The aviation and tourism industries are seeing blue skies once again.Investors are rejoicing as the ","content":"<html><head></head><body><p>The aviation and tourism industries are seeing blue skies once again.</p><p>Investors are rejoicing as the removal of restrictions and border reopenings have triggered a surge in demand for air travel.</p><p><b>Singapore Airlines Limited</b>(SGX: C6L), or SIA, is a direct beneficiary of this increased demand as people flock to book overseas holidays.</p><p>This pent-up demand has also seen ground handler and food caterer <b>SATS Ltd</b>(SGX: S58) reporting better operating numbers as both cargo and meal volumes jump.</p><p>Back in early 2020, both SIA and SATS stopped paying out dividends to conserve cash as the pandemic swept across the world.</p><p>With the improved business conditions, could both companies restart their dividends this year?</p><p><b>A surge in passenger numbers</b></p><p>The rapid rise in passenger bookings has been nothing short of amazing.</p><p>At the beginning of 2021, SIA flew just 78,400 passengers on all its flights but this number had already jumped more than seven-fold by the end of 2021 as the Singapore government introduced the vaccinated travel lane(VTL) scheme in August 2021</p><p>By August this year, passenger numbers had surpassed two million, surging more than 13-fold from the 155,400 recorded in the same month last year.</p><p>In end-August, the number of flights going through Changi Airport hit 64% of pre-pandemic levels.</p><p>Transport Minister S. Iswaran expects that by the end of 2022, this percentage will hit 80%.</p><p>In terms of passenger traffic, it is now at 58% of pre-pandemic levels but with the recent reopening of Terminal 4 this week, these numbers are expected to increase.</p><p>And there is more to come.</p><p>Authorities are planning for a full recovery of passenger traffic for the winter season, which begins October 30, and around half of Terminal 2 will be reopened by end-October.</p><p>By then, Changi Airport’s passenger handling capacity will return to its pre-COVID level of 70 million passengers a year.</p><p><b>Steadily improving financials</b></p><p>Both companies have also reported better financial numbers in their most recent quarter.</p><p>Blue-chip carrier SIA reported its second-highest operating profit in history for its fiscal 2023’s first quarter (1Q2023).</p><p>Net profit came in at S$370 million for 1Q2023, reversing the S$409 million net loss in the prior year.</p><p>Meanwhile, SATS saw revenue jump 36.2% year on year to S$375.5 million as flights handled more than tripled year on year amid a ten-fold surge in passengers handled.</p><p>Both aviation businesses, however, failed to generate free cash flow for their fiscal 2022 (FY2022) ended 31 March 2022.</p><p>SIA did manage to limit its cash burn to a negative free cash flow of S$81.6 million for FY2022 while SATS narrowed its free cash outflow to S$15.6 million over the same period.</p><p>That said, these numbers are a culmination of the weaker first half of FY2022 and the stronger recovery seen in the back half of the fiscal year.</p><p>For FY2023, both SIA and SATS’ profitability and cash flow could improve dramatically.</p><p><b>Other risks abound</b></p><p>The numbers may look good, but other risks also abound for the aviation and tourism industries.</p><p><img src=\"https://static.tigerbbs.com/e22593df89022b874b2f5534b7e18c0f\" tg-width=\"946\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Trading Economics</p><p>Crude oil prices have surged since early this year to breach the US$100 per barrel mark, making fuel costs more expensive for both SIA and SATS.</p><p>Although prices have now come down to around US$88 per barrel, they remain elevated compared to early 2020 when oil prices plunged.</p><p>Another worry is the persistence of high inflation.</p><p>Singapore’s core inflation hit a 14-year high of 4.8% in July, and the government expects inflation to remain high for the remainder of this year.</p><p>A rise in GST from the current 7% to 8%, which kicks in January next year, could add more pressure.</p><p>Interest rates are also rising globally, making everything from corporate loans to mortgage debt more expensive.</p><p>This confluence of factors could work to depress consumer spending power as more people tighten their purse strings.</p><p>If the economy falls into a recession, it could lead to reduced flight bookings and result in lower demand for air travel come 2023.</p><p><b>Get Smart: Patience is the key</b></p><p>While the news of surging demand is good in the near term, more time is needed for both SIA and SATS to see if the recovery can be sustained.</p><p>Both companies also need to start generating a free cash flow before they can consider reinstating their respective dividends.</p><p>The above headwinds could prematurely derail this recovery, and investors will have to be patient and wait till next year and beyond to see how things pan out.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCould SIA and SATS Pay a Dividend This Year?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-16 09:55 GMT+8 <a href=https://thesmartinvestor.com.sg/could-sia-and-sats-pay-a-dividend-this-year/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The aviation and tourism industries are seeing blue skies once again.Investors are rejoicing as the removal of restrictions and border reopenings have triggered a surge in demand for air travel....</p>\n\n<a href=\"https://thesmartinvestor.com.sg/could-sia-and-sats-pay-a-dividend-this-year/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://thesmartinvestor.com.sg/could-sia-and-sats-pay-a-dividend-this-year/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154028915","content_text":"The aviation and tourism industries are seeing blue skies once again.Investors are rejoicing as the removal of restrictions and border reopenings have triggered a surge in demand for air travel.Singapore Airlines Limited(SGX: C6L), or SIA, is a direct beneficiary of this increased demand as people flock to book overseas holidays.This pent-up demand has also seen ground handler and food caterer SATS Ltd(SGX: S58) reporting better operating numbers as both cargo and meal volumes jump.Back in early 2020, both SIA and SATS stopped paying out dividends to conserve cash as the pandemic swept across the world.With the improved business conditions, could both companies restart their dividends this year?A surge in passenger numbersThe rapid rise in passenger bookings has been nothing short of amazing.At the beginning of 2021, SIA flew just 78,400 passengers on all its flights but this number had already jumped more than seven-fold by the end of 2021 as the Singapore government introduced the vaccinated travel lane(VTL) scheme in August 2021By August this year, passenger numbers had surpassed two million, surging more than 13-fold from the 155,400 recorded in the same month last year.In end-August, the number of flights going through Changi Airport hit 64% of pre-pandemic levels.Transport Minister S. Iswaran expects that by the end of 2022, this percentage will hit 80%.In terms of passenger traffic, it is now at 58% of pre-pandemic levels but with the recent reopening of Terminal 4 this week, these numbers are expected to increase.And there is more to come.Authorities are planning for a full recovery of passenger traffic for the winter season, which begins October 30, and around half of Terminal 2 will be reopened by end-October.By then, Changi Airport’s passenger handling capacity will return to its pre-COVID level of 70 million passengers a year.Steadily improving financialsBoth companies have also reported better financial numbers in their most recent quarter.Blue-chip carrier SIA reported its second-highest operating profit in history for its fiscal 2023’s first quarter (1Q2023).Net profit came in at S$370 million for 1Q2023, reversing the S$409 million net loss in the prior year.Meanwhile, SATS saw revenue jump 36.2% year on year to S$375.5 million as flights handled more than tripled year on year amid a ten-fold surge in passengers handled.Both aviation businesses, however, failed to generate free cash flow for their fiscal 2022 (FY2022) ended 31 March 2022.SIA did manage to limit its cash burn to a negative free cash flow of S$81.6 million for FY2022 while SATS narrowed its free cash outflow to S$15.6 million over the same period.That said, these numbers are a culmination of the weaker first half of FY2022 and the stronger recovery seen in the back half of the fiscal year.For FY2023, both SIA and SATS’ profitability and cash flow could improve dramatically.Other risks aboundThe numbers may look good, but other risks also abound for the aviation and tourism industries.Source: Trading EconomicsCrude oil prices have surged since early this year to breach the US$100 per barrel mark, making fuel costs more expensive for both SIA and SATS.Although prices have now come down to around US$88 per barrel, they remain elevated compared to early 2020 when oil prices plunged.Another worry is the persistence of high inflation.Singapore’s core inflation hit a 14-year high of 4.8% in July, and the government expects inflation to remain high for the remainder of this year.A rise in GST from the current 7% to 8%, which kicks in January next year, could add more pressure.Interest rates are also rising globally, making everything from corporate loans to mortgage debt more expensive.This confluence of factors could work to depress consumer spending power as more people tighten their purse strings.If the economy falls into a recession, it could lead to reduced flight bookings and result in lower demand for air travel come 2023.Get Smart: Patience is the keyWhile the news of surging demand is good in the near term, more time is needed for both SIA and SATS to see if the recovery can be sustained.Both companies also need to start generating a free cash flow before they can consider reinstating their respective dividends.The above headwinds could prematurely derail this recovery, and investors will have to be patient and wait till next year and beyond to see how things pan out.","news_type":1},"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
