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Saturday, February 1, 2020

Wuhan virus will impact SIA's bottomline

Scoot, SilkAir and SIA are cutting all the flights to China due to the seriousness of the Wuhan corona virus which has taken the lives of 260 mainland Chinese and infected 11,000. The virus has spread to many countries although there is no fatality yet. Singapore,Mongolia, USA and Australia have banned mainland Chinese and foreigners who have visited China in the last 14 days.
SIA share closing price last Friday was $8.55. The way I look at it SIA will not be profitable unless the Wuhan virus disappear quickly.

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