Wednesday, November 15, 2023

SIA share price is still pathetic despite of huge profit

 SIA share closed at $6.20 which is rather disappointing to many shareholders. IMO the share price does not go up much is because of its borrowing during the pandemic. It would have been very difficult to carry on if not for the SG government's help. I remember our PM told us at the 2020 May Day rally that the SG government will ensure SIA survives the Covid-19 crisis. “SIA has always flown Singapore’s flag high all over the world and made us proud. We will spare no effort to enable it to do so again,” Lee Hsien Loong said in his May Day speech.

In late March, state investor Temasek Holdings and others put together a funding package of up to S$19 billion ($13.5 billion) for the airline, which has been slammed by the coronavirus pandemic.

For more read here

No comments: