Rounding up top investing articles from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group.
Singapore Airlines (SIA)’s net loss narrowed to S$662 million for the fourth quarter to March, from S$732 million in the corresponding period a year ago. But, it will tap the additional mandatory convertible bonds to raise a further S$6.2 billion, given international air travel remains severely constrained and recovery trajectory is still unclear.
The carrier was awash in red ink for the financial year 2021, chalking up a record net loss of S$4.3 billion in its “toughest year in its history”, said SIA in a financial results filing on Wednesday.
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