This isn’t like my normal analysis but I will try to do abit of this kind. SIA really grabbed some of my readers attention because of its recent price movement.
Technical Chart of SIA
SIA stock price looks to be peaking and judging by the movements at the SMA this is a time to evaluate taking profit or selling to collect lower.
But I got a gut feel the likely movement will a gyration between $13.00 and $15.00
Many investors would be interested in this counter. Its one of the most well operated Airline and its got a good set of subsidiary including SIA Engineering.
Current Valuation of SIA
SIA have not finish reporting FY2011 but this work year have been great in that they rebounded from a much disastrous 2010.
I forecast that baring any big changes in the 4th quarter,
Operating Cashflow for FY2011: $3809 mil
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