$SINGAPORE AIRLINES LTD(C6L.SI)$SIA is going to go up a couple more points. SIA up on profit with just easing of vtl. There are 2 key things that makes it in a very good position right now. Firstly, it's the coordinated lifting of quarantine requirements in ASEAN countries which with increase air travel significantly for regional business travel. Key personnels will be the first to book a flight to their regional branches and most flights profit are actually dependent on business travelers than on leisure travelers. Secondly, cargo flights will likely go up due to China ports again. Even though shipping will still be cheaper, the port jams will mean that there are risk that manufacturing components will be stuck. To ease the current pressure and risk on corporate supply chain, I believe many companies will take the short term pain to divert certain shipments to air. The next quarter earnings will definitely be very positive for them. Additional, I believe people are willing to pay for a premium for their air flights for these period to just ensure that their travel is managed well.
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Think not a good buy