Notes on Singapore Airlines

Without a doubt, airlines, in general, remain a huge laggard compared to most other sectors since the markets bottomed in 2Q 2020.

While it is fair to say that international travel is unlikely to see a robust recovery for much of 2021, it is also not much of a negative driver of the sector’s share prices.

Source: Bloomberg

What is getting better are the following:

We go long SIA with a target of SGD$7. ATEC believes valuation targets could prove irrelevant for now if we are right that sentiment surrounding the sector can and will reverse in time. We expect an easy overshoot on traditional measures. We set tactical cut-loss at SGD$ 4.90.

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Upside Technologies

Investing research and thoughts from an Upside user and Portfolio Manager named ATEC, based in Singapore. learn more at https://upsidetechnology.co/