Did a strategic switch of 56.25% of my SIA shares to SATS. During the switch, this allowed me to increase the overall holding of SIA+SATS by 6.25% and at the same time reduced the holding price from $6.3745/share (SIA only) to $5.999/share (SIA + SATS). A further reduction of the overall holding price to $5.8764/share due to the capital being taken back from the strategic switch.
The strategic switch was done according to 孙子兵法第八篇 -- 九变篇. As now holding both SIA and SATS share so the holding name shall rename to SIA-SATS.
The strategic switch opens up further options or rather strategies going forward. Nobody is certain when the Covid-19 going to end and how long the global aviation sector will recover. Thus, the strategic switch to SATS allow certain degree of diversification from the aviation sector. One of SATS's main business is food catering, distribution and logistic with the other being gateway...