SIA Price Target & Stock Discussion
$SIA(C6L.SG$ Hey guys, I have previously made accurate predictions on NIO. And currently, SIA is my next buy. The target is $7-$8 range for sell for me, the reason why it is a buy is because this is a <3 years investment horizon for me for good returns. 50% return over 3 years is about 16/17% annually. As we move towards a fully vaccinated world to achieve herd immunity, we should see countries start to open up their borders (without a doubt they would have to) throughout 2022-2023. Just for Singapore case alone, we should achieve close to full vaccination by the end of this year.
What I also liked was that the pandemic forced SIA to increase their profits in other area and have cut all unnecessary expenses, so they are essentially rebuilting the company in a way. I would definitely accumulate more SIA shares if it drops to $3-$4, but if anything changes and it forces me to reevaluate, I will also update accordingly. Let me know your thoughts and follow me for more updates!
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Mid To Long Term Investments.
EV, Tech, ESG, Sustainability.
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AdrieHuat : Thanks for sharing your prediction. Why do you choose SIA over SATS? Wouldn’t airport terminal be the first to rebound once borders reopen? Any thoughts on this?
HMJ Daniel : SIA up up
Moo sky : What's your buying price
Bitcorn : Do you think it will drop to $3 - 4 dollars? There is a lot of support around $4.50 - 5
102546620 hl : I doubt it will reach $3-$4 as the vaccination rate is nearing the target for Singapore to reopen. I predict it will be around $4.70-$4.90 at best. Will certainly watching this closely.
DjWongSY : drop to $3 - $4 not very likely with so much support all this while for govt and banks. $4.50 & above quite likely
justbetter OP Moo sky :
justbetter OP Moo sky : $4 to $5, will keep accumulating now on red days as it keeps on going sideways. One of the most obvious and common sense plays I have made and I believe others should make in part of their portfolio.
justbetter OP DjWongSY : I agree completely
justbetter OP Bitcorn : There is always a potential, but it is unlikely. Start accumulating now is always the best and don't time the market.
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