$SINGAPORE AIRLINES LTD(C6L.SI)$ stock is now below its 200D moving average, seems like current momentum is downward bias, for conservative investors better to buy at a later time than entering now
$Bank of America(BAC)$Banks pull back probably due to the flatening treasury yield curve (ie. banks earning margin being compressed). This imply that some market participants are looking at a weaker US recovery than initially projected. However, if we believe that the current weak US employment will pick up & inflation will continue to grow over next few quarters, then this might be a good opportunity to buy the dip on banks for the long term.
$SINGAPORE AIRLINES LTD(C6L.SI)$ This is definitely a recovery play post pandemic BUT there are so much uncertainties in Asia now due to the surging covid variants. Am not sure SIA business outlook can justify its current stock price? Is the recent price gain link to the upcoming fund raising exercise to entice higher takeup rate ? Probably no answer but when in doubt, stay away.
回复 @Danielyrh:yup, have to anticiptate the worst//@Danielyrh:Next week is a crucial week, Yesterday’s unlinked local cases have exceeded 5. The HK travel bubble will be called-off if there is no improvement
@Wei_SG:$SINGAPORE AIRLINES LTD(C6L.SI)$ The biggest threat to SIA is covid and closed borders. US and Europe are gradually recovering but India is a big concern. India being a major manufacturing base will disrupt global supply chain to some extend. For Singapore, situation will likely be under control soon due to the strict measures. If you already own SIA, hold as price will recover later part of the year. If you plan to buy, suggest wait till around $4.50 or lower.