bernardtayet
2022-08-31

$SINGAPORE AIRLINES LTD(C6L.SI)$IBearishI am bearish about this stock at the current situation despite my love for the airlines.

China tourists are one of our largest inbound tourism. With the continued lockdown in China, this segment is greatly impacted. 

Other countries of inbound tourism are facing economic challenges, hence not many are arriving at our shores so soon. 

Our outbound tourists could be less impacted but the volume is slowly rising due to rising airfare and lesser disposable income with inflationary pressure. 

European countries are facing energy shortages due to supply chain disruptions from Russia, hence domestic problems may lessen their desire to travel. 

Covid is still lingering in almost every countries. People are still worried of stuck overseas in an emergency,less though risk takers. 

So despite SIA making some revenue, it is still not as profitable. 

So I am bearish about it despite my love for the national airline. Never fall in love with any stock is my philosophy 

Sharing my views only. Trade with your own investment principles. 

Best wishes. 



šŸ’° Stocks to watch today?(25 Nov)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? šŸŽ Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Kiyosumi
    2022-08-31
    Kiyosumi
    SIA faces stiff competition from other premium and budget airlines.

    Economy is not doing well now, customers may withhold spending.
    I doubt the share will go back to its original high prices

  • Ztradee
    2022-08-31
    Ztradee
    SIA can do much better than this.
  • highhand
    2022-08-31
    highhand
    Another 2 quarters... then boom šŸ’„
  • bernardtayet
    2022-08-31
    bernardtayet
  • Beautifull
    2022-09-04
    Beautifull
    šŸ‘
  • OO_898
    2022-09-04
    OO_898
    Like
Leave a comment
22
1