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SIA nears 10-year low price amid 10-year low valuations! (26 May 19)
By Ernest Lim's investing blog  •  May 26, 2019

Dear all

This week, our National Carrier SIA caught my attention with its 10% fall in the past three months to close $9.17. At $9.17, it has fallen to close to the lows last seen in Oct 2018 and May 2009. In fact, when I informed my clients on SIA on 23-24 May, it was trading around $9.10-9.11 which is the lowest last seen in the past 10 years!

Given the basis below, my personal view is that SIA may be presenting a favourable risk reward setup for a long trade. Do take a look at the basis and more importantly, the risks inherent in such trades.

 

My personal basis

a) Analysts are positive with an average target price $10.94

Based on Figure 1 below, average analyst target stands at $10.94 with 10 buys; 7 holds and no sells. This represents a potential capital upside of around 19%. Coupled

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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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