I came across this Straits Times article recently: SIA shares surge to highest since last March Stock up 5.9% to $4.65; observers see rise as a sign of better times ahead for carrier I went to pull up the chart on SIA (Singapore Airlines). Source:  ShareInvestor WebPro And true enough, this is the highest share price since March 2020. Don’t forget the SIA Rights Issue Now this is slightly deceptive because of the big rights issue. The rights adjusted price is $5.4. Which means that if you’re a long time investor, and you took up your full entitlement when SIA did the 3 for 2 rights issue – your average price is about $5.4. At the latest price of $4.98, that’s only about a 10% loss. Which given all that is happening from COVID, that’s really not too bad. And if you bought at the lows of $3.4, you would be up about 50% gain....