💥✈️ 😱Singapore Airlines
$SIA(C6L.SI)$ share price has been dropping continuously everyday since 13 June, following the fatal crash of Air India Flight AI171 on 12 June. The wrecked Boeing 787 Dreamliner’s Black Box was damaged. Many people were socked to learn that SIA owns a 25% stake in Air India. SIA also uses similar air planes. SIA share price has fallen more than 5.4%. It will continue to fall with the increase of oil prices and acute geopolitical instability arising from the war at Middle East. Analysts’ average target price for SIA is now $6.68. SIA pays out 30cents dividend which is a decent one. SIA has also continually improved on its income over the last few years. Do not sell this stock hastily amid the escalating tensions and fear. As quickly as the price has gone down, it can go back up fast because SIA continues to be a good standout among the top global airlines. Thanks
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