$SIA (C6L.SG)$ : No matter how much good news SIA have, it w...

$SIA (C6L.SG)$ : No matter how much good news SIA have, it will still stay in the range that has already been established over the passed few months or so.

It seems that it will not go below $5.00 as the  world airline industry is gradually opening up, unless unforseen major event happen again, which is quite unlikely, but watch the oil price closely as the Russian-Ukraine war continues.

It would also not break the recent high of around $5.60 or so as their debt is still haunting every one's mind. Another reason is that, unless the balance sheet turns green strongly and good dividends paid out.

Else it will not break the recent high even if it reaches 100% passenger capacity. We need to see strong earning reports and good dividends to push the price even higher not just good news.