$SIA Engineering (S59.SG)$ Can someone explain in simple ter...
$SIA Engineering(S59.SG$ Can someone explain in simple terms, profit up but share slips 2%. Should be good news but dropped due to overall market condition?
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user77248281 : oil up, fuel expensive, add on to airline's costs, airline pass on cost to customer, customer think ticket expensive, airline lose customer, lesser flights now, lesser profits for airline, airline will service their planes less often, sia engineering lesser revenue as lesser planes to service, profits drop, share price drop.
understand?
102897068 : Though profit is up, it’s still far from pre-covid level. It will take another year before travel fully recover. With the current market sentiments, the price is fairly reasonable. Good news doesn’t mean good price.