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Thursday, 10 February 2011

SIA shares down due to......

Within the last few weeks SIA share has been declining in value. It was at the high off $16ish and now $14.06 as I type. Why the decline huh? In my opinion,one of the reasons is the fine imposed on its cargo unit for price fixing. It also involves other major air carriers too,not just SIA.
I was told SIA could be fined hundreds of millions for the alleged offence.
This is a good time to pick up SIA shares when the big boys are selling off. Why you may ask me again?
Well SIA is a big and profitable company. It is by far the second biggest airline in the world by market capitalisation. Go for it even though it may use it's 2010 profit to pay the huge fine. After that,the profit for 2011 would be billions and the share would be around $18.

Disclaimer: Above is boh's personal opinion and you do not have to follow his advice. If he is so good at predicting the correct share prices he won't be idling at home and spending his time in front of his computer.

7 comments:

SQ Believer said...

BT I bought 2,000 SIA at $14.08 shares after reading your blog. When do you think I should sell,please advise. Thanks.

boh tong said...

Bless u my child for believing in me and SIA. Sell the 2 lots at about $15+ thus giving u a profit of 2k.

boh tong said...

SQ Believer the share closed at $14.12...just hang on ok?

Anonymous said...

Thanx for the tip..
Was just wondering if Integrity is no longer part of their core values.
Steal an apple and face the sack, price fixing that led to millions in fines and embarassment led to nothing much..
Any comments? The crew somewhat felt hard done by seeing the fruits of their hard work and sacrifices going down the drain with no one held responsible.
Unlike if you spill even a single drop on a pax.

Anonymous said...

Executives,Managers and senior VPs are immune to all disciplinary issues.

Everyone else below that..
.. are thieves, crooks, liars and
sex maniacs.. inlcudes the pilots too... including some bloggers

Anonymous said...

With the situation in Egypt spiralling out of control, it is better to keep your money in your biscuit tin. The oil price will shoot up as high as the pyramids. Share prices of airlines will surely go down.

SQ Believer said...

hip hip hurray BT is correct about SQ share. It is now trading at $14.42 up from 14.08 which i have bought. Thanks uncle BT for your tips!