From a fundamental view point, unlike other carriers which has domestic demand. SIA is entirely dependent on international demand for its revenue. The impending travel restrictions along with weak fundamentals post ex-rights might indicate this is a potential value trap.
Area of Value may be somewhere around $2-2.25 to $2.5. But do your due diligence in timing your entry. Overall short-term bearish outlook.
Area of Value may be somewhere around $2-2.25 to $2.5. But do your due diligence in timing your entry. Overall short-term bearish outlook.