Is it time for us to buy Singapore Airlines shares?

Is it a good time to buy the dip seen in $C6L.SI (Singapore Airlines). $新加坡航空公司(C6L.SI)$ 

As we move into an endemic world living with Covid19, we expect travel to resume gradually. Feb 2020 saw the stock falling from $8.50 to sub $4.00 (with $3.20 being the recent all-time low).

1 Day Chart (08 Mar 2022)

Due to Ukraine, SIA remains on a drown trend as per the 1 Day chart attached. Let us exercise patience before we consider taking a LONG position. It is better to "wait and confirm reversal" than to catch a falling knife. I recommend a "buy after dip" (BAD) advice instead of the usual "buy the dip" (BTD).

investing.com "strong sell" rating for Singapore Airlines (1 Day chart) - 09Mar22

Due to Ukraine, SIA remains on a drown trend as per the 1 Day chart attached. Let us exercise patience before we consider taking a LONG position. It is better to "wait and confirm reversal" than to catch a falling knife. I recommend a "buy after dip" (BAD) advice instead of the usual "buy the dip" (BTD). With restrictions on flights and airspace, there could still be disruptions ahead for the air travel industry.  $4.75 would be a key range to monitor for support.

As always, please let us do our due diligence before we invest.  Let us check up on their financial fundamentals before we invest.

# SGX Stocks Opportunities

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.

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  • Derrickola
    ·2022-03-09
    I already bought it during pandemic. I think it's worth the wait 🙂
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    • KYHBKO
      good on you
      2022-03-09
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    • JonathanT
      Uoki
      2022-03-10
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  • stsockli
    ·2022-03-09
    Patience is bitter but its fruits are sweet. The right time will come.
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    • sunflower19Replying toKYHBKO
      well said. [Like] will wait awhile n see. [Eye]
      2022-03-10
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    • KYHBKO
      well said. thanks for sharing
      2022-03-09
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  • Anselo
    ·2022-03-10
    Yes because travel will come back.  No because oil prices are surging (but if they hedge correctly, then short term should be unaffected by much).
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    • KYHBKO
      air travel will resume gradually. volatility will be part of the journey. hopefully, the world do not need to go back into lockdown like 2020.
      2022-03-10
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  • Anzygart
    ·2022-03-11
    International travel is slow as region is still influenced largely by China. As long as they maintain a zero Covid strategy, recovery will be slow in the region. I would be cautious short term
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    • KYHBKO
      good observation. thanks for sharing.
      2022-03-11
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  • Linearity
    ·2022-03-10
    World class airline w gov backing, won't go wrong w this 1 for long term
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    • KYHBKO
      SQ does have the backing of the government.
      2022-03-10
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  • bouncyo
    ·2022-03-09
    Now I still feel that this is not a good time to wait for COVID-19 to ease it.
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    • KYHBKO

      good point.

      2022-03-09
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  • WWHowie
    ·2022-03-11
    [Thinking] How to know after rebound a bit it won't dip further?
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    • KYHBKO
      no one knows for sure. thus fundamental analysis is key to know that the business has the means to rebound. the dip could be caused by other factors too.
      2022-03-11
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    • KYHBKO
      a longer time frame does remove lots of noise from such volatile market. if you are not certain, it is best to observe.
      2022-03-11
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  • Calvin20
    ·2022-03-10
    I Bought it during the Pandemic. So will hold for long term investment
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    • KYHBKO
      good call.
      2022-03-11
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  • sansCervelle
    ·2022-03-10
    buy and forget. check again a few years later and let us know.
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    • KYHBKO
      good idea
      2022-03-10
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  • JLKang
    ·2022-03-11
    Not advisable to buy now due to high oil price
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    • KYHBKO
      if the company has strong branding, some of these can be passed off as fuel surcharge. let us monitor
      2022-03-11
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  • Jlkc
    ·2022-03-10
    We buy when its time to buy, no point stacking cash on it for months, but when started to goes up
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    • KYHBKO
      well said
      2022-03-10
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  • ChernTiong
    ·2022-03-10
    patience will be rewarded
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    • KYHBKO
      I hope so too
      2022-03-10
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  • kimC
    ·2022-03-10
    all airline companies are cash burning machines
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    • KYHBKO
      yes. there are some concerns. let us do our due diligence
      2022-03-10
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  • Aphrodisiac_
    ·2022-03-10
    Im not sure about that 🤔🤔🤔
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    • KYHBKO
      I am monitoring first.
      2022-03-10
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  • Anand
    ·2022-03-10
    Wait for solid upward signal.
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    • KYHBKO
      yes. waiting for that
      2022-03-10
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  • MultiBaggers
    ·2022-03-09

    I will never touch airline shares ! High Capex and very difficult for the business to scale 

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    • KYHBKO
      good points. thanks
      2022-03-09
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  • SR050321
    ·2022-03-09
    Thanks, i am waiting if below 4.80 to DCA.
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    • KYHBKO
      thanks for sharing
      2022-03-09
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    • SR050321
      You are welcome 😊
      2022-03-09
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  • HuatGirl
    ·2022-03-12
    Bought months ago… now waiting game.
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    • KYHBKO
      good on you. don't touch for few months and take a look later
      2022-03-12
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  • Starlight94
    ·2022-03-11
    Airlines is a tough business 🤞
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    • KYHBKO
      it is not easy due to the high capex and running costs. air travel faces a gradual but challenging recovery. so let us do our due diligence before investing.
      2022-03-11
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  • kelvingan1688
    ·2022-03-10
    这篇文章不错,转发给大家看
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    • KYHBKO
      谢谢
      2022-03-11
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