SIA shares falls sharply. Here’s why
The share price of Singapore Airlines (SIA) fell sharply on 1 August 2024.
From a closing share price of S$6.97 on 31 July, SIA share price fell to a low of S$6.13, before recovering slightly.
This was partly because SIA traded ex-dividend of S$0.38 on 1 August.
Excluding the dividend, SIA's share price would still have been much lower.
We find out what is driving the weakness in SIA's share price: SIA net profit falls by 38%: Our Quick Take
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104237531 : The company is profitable, but the profit falls short of expectations. A day's increase is only a few percent, but a day can drop 100 percent or almost 1 yuan. This is clearly a scammer!