Being the top dog in the aviation industry, shares of SIA (SGX: C6L) is one of the leading lights of SGX. As the world emerges from the ravages of the COVID-19 pandemic, how will SIA share price (SGX: C6L) unravel in the coming months? To make money from stocks, it is crucial to buy low and sell high. In that perspective, I would like to share my insights on whether the current SIA share price is a good entry point.
My last article on SIA share price (SGX: C6L) was on 6 February 2022. In that article, I predicted SIA share price to be trading between the $6 to $7 bandwidths in 2022. So far, the counter is still some way off the levels that I have forecasted. However, it should be noted that the article was written before the implosion of the Russian-Ukraine war, the US interest rate hikes and the COVID-19 lockdowns in China. Given the dramatic change in the operating climate, let’s take a look whether my original thesis still stands....