Don't pay too much attention to these junior analysts. One way or another SIA shares will correct to below $7 and move up again if the next announcement on 27 July 23 is better than the last. So, sell, wait, buy, hold and sell. BTW, we are already in technical recession. But travelling is part of Singaporean. During period of unemployment, people travel to recharge.
DBS Downgrades SIA to "Hold", Urges Switch to ST Engineering, SATS Instead
$SINGAPORE AIRLINES LTD(C6L.SI)$ Voted best airlines in the world. Singaporean should be proud of our home-grown airline. Back by Singapore government. Highest profit in its history. The rightful price is $9, back to pre-Covid $.
I am 100% agreeable with your analysis. The FED would like a higher interest rate to adversely damage China and it's economic growth. To kill 2 birds with 1 stone. Not to forget the commercial and property loan defaults that have yet rocked the global banking sectors.
Almost a sure-thing inflation would rebound, with oil price raising further due to production cuts, winter seasons, and the latest middle-east war that could last as long as Russia/Ukraine war. Be prepared for FED raising interest to 6% and above. Corporate bankrupts will follow and worst, a banking crisis. To some, its an opportunity, to others?