Should I buy Singapore Airlines stock in 2025? A guide for New Zealand investors

What is Singapore Airlines?

Note: EBITDA estimated using industry average margin from most recent results, as not formally stated.

How much is the Singapore Airlines stock?

The price of Singapore Airlines stock is rising this week. As of now, the share trades at SGD 7.12, reflecting a 0.42% decrease in the past 24 hours but a 0.99% gain over the week.

Relatively low volatility and a stable yield give Singapore Airlines shares particular appeal for NZ investors seeking regional diversification.

Our complete analysis of Singapore Airlines stock

Having thoroughly reviewed Singapore Airlines’ most recent financial disclosures, alongside the stock’s robust three-year price trajectory and in-depth comparative sector analysis, our proprietary multifactor models have identified distinctive bullish signals for SIA. Leveraging a synthesis of quantitative indicators, technical momentum patterns, and strategic positioning among global airline peers, the landscape for Singapore Airlines appears increasingly compelling as 2025 approaches. So, why might Singapore Airlines stock once again become a strategic entry point into the aviation sector for NZ-based investors seeking resilient growth and yield?

Recent Performance and Market Context

In the past year, Singapore Airlines’ (SGX: C6L) share price has advanced by +5.79%, compounded by an impressive 12.84% rise over the past six months, taking the stock to SGD 7.12 as at May 30, 2025. This outperformance is notable against the backdrop of broader regional aviation peers, where normalization trends have weighed more heavily on valuations.

Recent positive events have underpinned this resilience:

• Record net profit: FY25 net income soared to a new high of SGD 2.81 billion, despite elevated operational costs post-pandemic.
• Major strategic alliances: The new partnership with Riyadh Air strengthens SIA’s Middle East footprint, while a 25% stake in Air India (following the Vistara merger) not only enhances network reach but also positions SIA at the heart of South Asia’s fastest-growing aviation market.
• Brand momentum: Singapore Airlines’ premium position was further cemented through SG60 anniversary initiatives, heightening brand engagement, and through continued collaborations with leading carriers such as Cathay Pacific on sustainability.

The macroeconomic and sector context remains favourable. Air travel demand is sustaining global recovery, propelled by pent-up passenger appetite in Asia-Pacific and the re-opening of key corridors. Changi Airport’s status as a leading aviation hub provides SIA with advantaged access to high-growth routes, while a stable local currency and prudent fiscal governance anchor resilience for the years ahead.

Technical Analysis

From a technical viewpoint, Singapore Airlines is evidencing a clear medium-term bullish structure, though short-term momentum signals suggest mild consolidation:

• Relative Strength Index (14-day): Currently at 75.38, SIA is technically overbought, reflecting strong recent buying interest. While this often foreshadows near-term pullbacks, such phases are typically indicative of underlying demand strength.
• MACD: At 0.13, the MACD hints at a short-term pause, but no reversal of the prevailing trend is confirmed.
• Moving Averages (20D/50D/100D/200D): The stock trades above all key moving averages (from 6.45 to 6.92 SGD), signaling a well-supported uptrend. Each moving average (20, 50, 100, 200-day) is functioning as a dynamic support, with the 7.04–7.07 SGD band as a firm technical floor.
• Key resistance: The region around SGD 7.14–7.17 defines the near-term upside barrier, and a confirmed breakout could mark the onset of a fresh bullish leg.

Overall, with the price clustered near key supports and momentum showing only modest signs of cooling, SIA’s technical structure remains attractive for medium- to long-term positioning, particularly on any near-term retracement.

Fundamental Analysis

Singapore Airlines’ fundamentals continue to stand out in the crowded global airline space:

• Revenue and Profitability: FY25 revenue reached a record SGD 19.54 billion (+2.8% YoY), while net profit peaked at SGD 2.81 billion—a testament to SIA’s operational agility and pricing power.
• Dividends and Valuation: With a forward yield of 5.59% and a conservative price/earnings multiple of 8.38, SIA trades at a meaningful discount to both historical averages and sector peers—where forward P/Es for profitable premium carriers often exceed 10–12x.
• Balance Sheet Quality: A debt/equity ratio of 80% is prudent in aviation, and return on equity of 17.14% underscores management’s disciplined capital allocation.
• Brand and Innovation: SIA’s reputation for service excellence, validated by industry awards, is supported by ongoing digital transformation and strong ESG credentials—including sustainability-focused partnerships and fleet upgrades.
• Strategic Expansion: Investments in key growth engines—such as the low-cost carrier Scoot and expansion into India and the Middle East—engineer future market share gains and revenue diversification.

These factors, coupled with a current P/S ratio of just 1.20 and Price/Book of 1.36, suggest the stock is attractively valued relative to both its risk profile and upside potential.

Volume and Liquidity

Robust trading activity bolsters the investment case for Singapore Airlines:

• Average daily volume: 6.12 million shares over the past quarter, denoting exceptional market liquidity even for institutional allocations.
• Market confidence: Sustained high volumes typically indicate renewed institutional and retail engagement, reinforcing valuation dynamism.
• Share float structure: A meaningful public float, combined with strategic government-related backing (via Temasek Holdings), ensures both price discovery and long-term shareholder alignment.

This liquidity profile offers flexibility for NZ-based investors, regardless of portfolio size or horizon.

Catalysts and Positive Outlook

Looking ahead, multiple positive drivers appear set to underpin SIA’s growth and stock momentum:

• Growth in international air travel: Swift recovery across Asia-Pacific, now driving pricing rationalization, higher load factors, and premium service demand.
• Partnerships and expansion: New routes and code shares via alliances with Riyadh Air, Air India (with direct board influence), and Cathay Pacific fortify SIA’s competitive moat.
• Digital and ESG leadership: Technology-driven operational enhancements, sustainable fuel investments, and demonstrable progress on carbon reduction are aligning SIA with global investor preferences.
• Scoot’s ascent: The rising importance of the Scoot low-cost brand positions SIA to capture diverse market segments, enhancing revenue streams.
• Changi hub effect: As Singapore solidifies its status as a travel nexus, SIA stands uniquely poised to capture outsized benefits from continued passenger flows—both regionally and globally.

On the regulatory front, stable fiscal frameworks and favourable aviation policy environments across major markets give SIA an additional margin of safety compared to some Western peers.

Investment Strategies

With Singapore Airlines’ stock consolidating above major support and its business fundamentals entering a virtuous phase, investors may wish to consider differentiated entry strategies across multiple horizons:

• Short-term:
• Watching for technical retracement: A near-term pause could offer tactical entry points around the 7.04–7.07 SGD support band, with possible rebounds on improved momentum.
• Event-driven approach: Upcoming quarterly results or partnership announcements may catalyse renewed buying interest.
• Medium-term:
• Accumulating through consolidation: Given robust support at all key moving averages, phased allocations during any pullback could be effective.
• Yield focus: The forward dividend yield of 5.59% is an attractive anchor for income-seeking portfolios.
• Long-term:
• Structural growth positioning: The company’s durable brand, strategic alliances, market share gains, and operational excellence justify holding for sustained capital appreciation and progressive dividends.
• Ahead of major catalysts: Entering before the next phase of Asia-Pacific air travel growth, further integration with partners, or digital innovation milestones could generate superior risk-adjusted returns.

For NZ investors, SIA’s exposure to secular Asian growth leverages trends that are less correlated with Oceania’s domestic plays, offering effective international diversification.

Is it the Right Time to Buy Singapore Airlines?

Synthesising the above, Singapore Airlines presently offers a rare blend of income, value, and growth attributes in the aviation sector. With the share price consolidating above all key long-term averages, an attractive dividend yield, a compellingly low valuation, and a raft of strategic initiatives set to drive future profitability, the stock seems to represent an excellent opportunity for investors seeking both resilience and upside.

The convergence of positive technical, fundamental, and strategic factors justifies renewed interest in Singapore Airlines as we move into 2025. For NZ-based portfolios seeking regional diversification, exposure to high-quality Asia-Pacific assets, and participation in a global aviation recovery cycle led by a best-in-class operator, Singapore Airlines stock may be entering a new bullish phase.

In summary, Singapore Airlines embodies a compelling balance between defensive quality and growth optionality; its current valuation and momentum point to an increasingly favourable entry window for those with a medium- to long-term horizon—making it a stock that deserves serious consideration at this pivotal juncture in global air travel.

How to buy Singapore Airlines stock in NZ?

Buying Singapore Airlines shares online is now easier and more secure than ever for New Zealand investors, thanks to well-regulated international brokers. You can choose between two main options: spot (cash) buying, where you directly own the shares, and CFD trading, which lets you speculate on price movements with leverage and without owning the underlying stock. Each method has its own advantages and costs, as detailed below. To find the best offer for your needs, be sure to review our broker comparison further down the page.

Cash buying

A cash purchase means you directly buy and hold Singapore Airlines shares in your name via a broker with access to the Singapore Exchange (SGX). This is the most straightforward way to become a shareholder and benefit from any dividends or price appreciation, and you can typically sell your shares at any time. NZ brokers often charge a fixed commission per order, commonly around NZD 5–15, plus a small currency conversion fee if buying in Singapore dollars.

Example

Example: Let's say the current Singapore Airlines share price is SGD 7.12. If you invest NZD 1,000 (about SGD 830), you can buy roughly 116 shares (before fees). Including a brokerage fee of about NZD 5, your total investment would be slightly less than NZD 1,000.

✔️ Gain scenario: If the share price rises by 10%, your shares would now be worth around NZD 1,100.
Result: That’s a gross gain of about NZD 100, or +10% on your original investment.

Trading via CFD

CFD trading (Contract for Difference) allows you to speculate on Singapore Airlines’ share price movements without owning the actual underlying shares. With CFDs, you can use leverage—meaning you deposit a fraction of the trade’s full value (often as little as 20%) to control a larger position. The main costs here are the spread (the difference between buy and sell prices) and potential overnight financing fees if you hold positions after market close.

Example

Example: Suppose you want to trade with NZD 1,000 and use 5x leverage. You open a CFD position equivalent to NZD 5,000 market exposure in Singapore Airlines shares.

✔️ Gain scenario: If the stock price increases by 8%, your position gains 8% × 5 = 40%.
Result: That’s a gain of NZD 400 on your NZD 1,000 margin (excluding fees).

Final advice

Before making any investment, it’s crucial to compare brokers’ fees, trading conditions, and the range of services provided. Each method—cash buying or CFD trading—has benefits and risks, so your choice should match your personal objectives and risk appetite. To make an informed decision, explore the detailed broker comparison available further down this page.

Our 7 tips for buying Singapore Airlines stock

The latest news about Singapore Airlines

Singapore Airlines reports a one-week share price increase of 0.99% alongside robust longer-term gains. Over the past week, Singapore Airlines’ stock price has risen by nearly 1%, adding to strong six-month (+12.84%) and one-year (+5.79%) performances, according to official SGX data as of 30 May 2025. The upward trend is supported by the share’s trading above all major moving averages, a technical indicator considered constructive by market participants, including those in New Zealand seeking regional stock stability and positive momentum.

Singapore Airlines delivers record annual net profit, strengthening confidence in its Asia-Pacific operations. The carrier posted a historic annual net profit of SGD 2.81 billion for the financial year ending March 2025, despite a challenging cost environment, according to the company’s official results. Revenue reached SGD 19.54 billion (+2.8% YoY), a signal of robust travel demand in the region. New Zealand, as a key regional market with direct SIA services to Auckland and Christchurch, stands to benefit from the airline’s ongoing financial health and operational stability, which underpin long-haul flight connectivity and code-sharing arrangements important for Kiwi travelers and tourism flows.

Singapore Airlines cements Asian and Middle Eastern partnerships, expanding its strategic network reach. This week’s reconfirmation of its joint venture with Air India (25% stake, CEO on the Air India board) and a strategic partnership with Riyadh Air in the Middle East enhances Singapore Airlines’ long-haul capacity and route resilience in rapidly growing regions. Such partnerships not only diversify SIA’s revenue streams but also have downstream benefits for New Zealand, maintaining and potentially expanding connections with Europe, South Asia, and the Middle East via SIA’s Singapore hub, which is a major transit point for NZ travelers.

Strong dividend yield and attractive valuation highlight Singapore Airlines’ appeal for Auckland and NZ-based investors. The stock’s forward dividend yield stands at 5.59%, complemented by a low 8.38 price/earnings ratio and a beta of 0.65. This suits the risk profile of New Zealand institutional and retail investors seeking stable, income-generating international holdings within Asia-Pacific’s aviation sector. Singapore Airlines’ regulatory environment remains favourable for non-resident investors, with dividends subject to Singapore’s tax treaty arrangements—of particular relevance for NZ investors monitoring after-tax returns.

Ongoing sustainability initiatives and collaboration with Cathay Pacific reaffirm Singapore Airlines’ leadership in ESG practices. In the last week, Singapore Airlines has reinforced its commitment to sustainability through partnership-driven initiatives with Cathay Pacific—an approach aligning with growing ESG expectations among New Zealand investors and the public. SIA’s focus on carbon efficiency and responsible operations resonates with NZ stakeholders, further supporting the airline’s premium brand positioning and long-term demand from eco-conscious travelers connecting between New Zealand and Asia.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.