@Kaixiang：
The implementation of the new Vaccinated Travel Framework, otherwise known as reopening, is a positive catalyst for $SINGAPORE AIRLINES LTD(C6L.SI)$. Target price may be in the range of $5.80-$6. Looking at pre-pandemic levels, SIA share price has been on a downtrend, having averagedaround $8.50-$9 in the year prior to the Covid-19 breakout. The intense competition from budget airlines, coupled with the constant price war from other regular airlines, put great pressure on SIA's share price. Before one gets overly optimistic on the magnitude of VTF on SIA's near-term prospects, it is imperative to look at some key aspects driving share prices: revenue, cost, profitRevenue - SIA has shown that passenger capacity
