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Tuesday, 18 August 2015

I will buy SIA shares only if the price is right

Although I've stated that airline business is not as good as before due to competition and overcapacity, I will not hesitate to pick up some SIA shares if the price is around $9.
Why I say this is because SIA is flush with money. It has a cash holding of close to $5 billion and about $20 billion worth of asset. It is financially sound although the profits are declining over the last few years.
It would be unkind to the shareholders to say that I hope its price will come down to $9. However, $9 is a reality looking at the business environment.
I am just waiting to buy some.


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