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SIA revived
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investor999
Elite |
27-Nov-2020 20:50
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I am of opinion that SIA will not go down anymore.
Whether it goes to $5 it is a matter of time.
I was skeptical at first but now believe it is better to just hold for long term.
Anyone who had sold have to look for opportunity to buy back. This momentary down is unpredictable but will give opportunity for late comers to join in the rally.
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WhereI
Master |
27-Nov-2020 20:35
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No, I don' t know how messed up it is. Perhaps you can enlighten us...
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LaoSai
Senior |
27-Nov-2020 20:33
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Seriously, you got no idea how messed up doing business in that country is. Singtel experienced it first hand. SIA want to be next? | ||||
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WhereI
Master |
27-Nov-2020 20:32
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Your chart cannot predict prices lah sparrow. The trend was firmly down until vaccine news. Unless your chart predicted the dates of the vaccine, it cannot predict SIA share change direction. More likely u made a correct Guess. And if you are right about 15 dollars, I would be very interested to buy. But remember that there are many convertible bonds which investors can exercise into shares and that may keep the share from flying too high.
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WhereI
Master |
27-Nov-2020 20:23
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But again it might be an opportunity to tap on air India' s vast network.
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Sparrow999
Senior |
27-Nov-2020 20:19
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My TA chart already predicted $5 in dec lonnnng time ago. If SIA could climb up to $5, do u think it will go back to $4 level? Furthermore, SIA has very strong cash backing now. It' s only a time matter which airline will survive till covid ends. SIA is definitely the ultimate survivor and winner. Frankly speaking, i' m not surprised if SIA surge up to $15 years later. Because it has the potential and ability | ||||
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LaoSai
Senior |
27-Nov-2020 20:18
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SIA deserves to go bankrupt if buy into AIR India | ||||
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LaoSai
Senior |
27-Nov-2020 20:16
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07:08 PM Today The Tata Group has reportedly started negotiations with Singapore Airlines (SIA), its joint venture partner in Vistara, to abandon a non-compete clause and join it in a proposed bid for the debt-laden Air India. The bid will be through Vistara, which is a full-service airline. It is worth mentioning here that his year, the Centre has had to postpone bidding for Air India four times in the wake of the coronavirus pandemic. Tata Sons, the holding company of the $113 billion (Rs 8.34 lakh crore) salt-to-software conglomerate has decided to bid for the embattled national carrier, officials with knowledge of the matter told ET. It is likely that SIA will give the green signal to the bid proposal. Further, the Tata Group is all set to bid solo for the ailing national carrier if the partner does not agree to the plans, the financial daily mentioned citing officials. Tata Sons would go ahead with the Air India bid irrespective of the outcome on the joint venture. At present, the Mumbai-based conglomerate runs two airlines?full-fledged carrier Vistara (with SIA) and Air Asia India (with Air Asia Berhad)?and it is worth noting that Tata airlines business is not in good financial health. If Tata Sons becomes successful in taking over Air India, the group may consolidate its entire airline businesses under a single entity. According to the officials cited above, the government is believed to be of the view that the Tata Group acquire and run Air India and has pledged to be helpful following privatisation on backing the group in dealing with bureaucratic hassles. A group director familiar with the matter told the business daily: ?Our group chairman has clearly stated that the airline businesses have to be consolidated and there cannot be multiple airlines. So Air India being a full-service carrier, it is only sensible that it will come under the Vistara business which is a full-service carrier too. So we are hopeful that our partner will be willing to participate in the future plans that include Air India.? The pact with SIA clearly mentions that Vistara has an exclusive right to undertake ?full-service carrier? services within the overall aviation business of the Tata Group. The Tata Group?s solo bid for Air India would breach this condition unless SIA gives a go-ahead. More importantly, a bid by Vistara would also require approval from SIA and Temasek, which owns 55 per cent in SIA. Earlier, SIA and Temasek had reportedly flagged their concerns to Tata Sons about its proposed bid for the beleaguered national carrier. In August this year, the Tata Group, which founded Air India 88 years ago, had confirmed that it is assessing a bid for the struggling national airline and that it will take a final call after due consideration. Last month, the Centre had modified a bidding parameter for the state-owned airline, allowing potential buyers to quote enterprise value instead of equity value. Also, it extended the deadline for submitting bids to December 14. ?The acquisition of Air India by Vistara could result in a substantial outlay of funds and assumption of risk by the shareholders of Vistara. SIA and Temasek would have to evaluate whether they are willing to make an investment and assume risk of such high magnitude, especially in times when there is a huge slump in the civil aviation space,? the publication quoted a top industry expert as saying. | ||||
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WhereI
Master |
27-Nov-2020 20:13
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I think many shortists have closed their shorts already and are awaiting another entry point except those who practise some kind of strange methodology called LOON or ' sure come back' . | ||||
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TA_Expert
Supreme |
27-Nov-2020 19:06
Yells: "The World has changed" |
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Price won' t go back under $4, and many shortists will continue to be killed. It doesn' t matter whether the travel bubble is burst or not. Funds are closing their short positions, and begin to long for next year recovery. Funds are forward looking, so the worst is over for SIA. |
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Isolator
Supreme |
27-Nov-2020 17:15
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To be continue next week..... Cheong ah.... | ||||
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Isolator
Supreme |
27-Nov-2020 16:25
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Cheong ah.... | ||||
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WhereI
Master |
27-Nov-2020 15:39
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I would rather next month surge high to give potential investors one last chance come Monday.
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zechariah22
Member |
27-Nov-2020 15:38
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next week surging high.....
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Isolator
Supreme |
27-Nov-2020 14:02
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Let?s long together and enjoy together... Cheong la... | ||||
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WhereI
Master |
27-Nov-2020 13:54
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Sorry this one no sale. 4.50 minimum
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bigbadguy
Member |
27-Nov-2020 13:52
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Hoping for a black friday sales for C6L. Waiting for a dip to enter, but seems like its hovering at 4.49 for quite sometime. |
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WhereI
Master |
27-Nov-2020 11:30
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Time awaits no man
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darkpoliticks
Member |
27-Nov-2020 11:11
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wait for me! 
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Isolator
Supreme |
27-Nov-2020 10:58
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Let?s hold hand together to take off to 6.8..... Cheong la... lol | ||||
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