What a gut-wrenching ride. SIAEC share price staged an impressive come-back as it surged from a low of $1.50 on 23 March 2020 to the current $2.20. The uptick in SIAEC share price represented a whopping 46% increase. Is it the right time for parent company, Singapore Airlines (SIA), to launch a privatization of SIAEC?
SIAEC plunged into hell
SIAEC share price and ST Engineering in bizarre tales
SIAEC share price in bloodbath with Temasek Holdings
The major catalyst for SIAEC share price is the potential privatization by SIA. Rumour of privatization had been ongoing for several years as SIA CEO Goh Choon Phong aggressively consolidated SIA’s portfolio assets in a bid to rationalize cost and create synergy among the Group entities. The consolidation effort saw SIA Cargo and SilkAir being integrated into SIA while Scoot and Tigerair merged. SIAEC could be the next integration initiative following the massive rights issue of SIA....