SINGY - Singapore Airlines: Trading Cheap Awaiting Relief Package Amid Travel Restrictions
Investor Takeaway
Singapore Airlines Limited (SINGY) (SINGF) has taken a large hit due to the travel restrictions in place because of the coronavirus outbreak. With most of its aircraft unavailable to fly, the equity is trading at around 10-year lows. The majority stakeholder in the enterprise is a state-owned investment firm that will provide the troubled company a financial relief package in hopes to counteract the effects of the coronavirus. The oversold airline at current price levels is attractive for long opportunities and for investors that are already long, this is a great