What happened?
SIA copped a massive SGD 945.2 milion share of losses from its 25.1% stake in Air India and the absence of last year's one off SGD 1.1 billion accounting gain.
On top of that SIA suffered from the brutal impact of high jet fuel price hike due to the Iran War.
On the bright side, SIA declared a total full year dividend of SGD 0.37 per share including a surprise special final dividend. This represents a nice juicy 5.57% dividend yield.
I believe that this is a temporary setback for SIA as it will recover. It is a good time to go bargain hunting as things can only get better in the long term.
@Tiger_SG @Tiger_comments @TigerStars @CaptainTiger @TigerClub
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