Lee Lik Hsin, new CEO of Tiger Airways as Tiger Airways stock price remains unchanged today (7 May 14) after Tiger Airways announced its CEO, Mr Koay will be replaced with a SIA veteran, Mr Lee Lik Hsin. The announcement came after Tiger Airways stock price headed south by as much as 8-% on 5 May 14 after another year of disappointing financial results. Tiger Airways has also issued a note that its stock may be on the SGX’s watch-list after three consecutive years of non-profits.
In an earlier post, I have shared with readers my long-term investment view in Tiger Airways stocks due to the highly-regarded Mr J.Y Pillay being the Chairman of Tiger Airways and for the fact that Tiger Airways is a Temasek-linked company (SIA holds 40% of the shares in Tiger Airways). With the appointment of a SIA veteran as the new CEO, I ......