Today (8 May 14) has Tiger Airways climbing a spectacular percentages. As I have shared in many of my posts, I have full confidence in Tiger Airways as the company has Mr J.Y Pillay who is a highly regarded person in Singapore with a wealth of business experience and who is described as equivalent to the best brains in America by MM Lee.
I think Tiger Airways will be privatised by SIA. SIA has in its staple: Scoot and SilkAir; these are not listed on the SGX. I guess SIA may want to have Tiger Airways similarly not listed so that SIA can concentrate on business and not have “onus” to perform to a good share price. Capitaland which has not been performing too well has similarly make CapitaMalls Asia private.
We must note that Tiger Airways stock is now trading at $0.43 before Mr Lee, the ......