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.