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SIA Engineering share price flying high no more

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How low will it go? From a high of almost $5.12 in 2014, SIA Engineering share price crashed to a nine-year low of $2.93 on 30 July 2018. Needless to say, it had been a devastating spell of decline for SIA Engineering share price, creating tremendous heart pain for long time investors of SIA Engineering. For sure, SIA Engineering share price is flying high no more but who in his right mind could have predicted such an outrageous outcome for this blue chip?

Investors who bought when SIA Engineering share price peaked would have lost their pants by now. However, if you had invested in SIA Engineering since 2001, the long history of dividends paid out would have more than mitigated the paper losses. But this is not to say that investors had a jolly good ride. So should investors run for their lives or keep faith with the management?

SIA Engineering share price

Aberration in SIA Engineering share price

Perhaps the impact of being booted out of the prestigious Straits Times Index (STI) in September 2017 had caused SIA Engineering share price to lose its shine. Maybe confidence has been shaken terribly after big boy, JP Morgan, sold its entire stake in SIA Engineering. Whatever the case it may be, investors who had bought into SIA Engineering should brace for a terrifying ride.

Last year was an aberration for SIA Engineering share price because prior to the sell-down in the second half of the year, the counter was actually bullish in the first half of the year, presumably due to the divestment of its 10% stake in Hong Kong Aero Engine Services Ltd (“HAESL”) and divestment of HAESL’s 20% stake in Singapore Aero Engine Services Limited (“SAESL”). The divestments probably fuelled the surge in SIA Engineering share price. But that bullish form proved to be a trap as SIA Engineering share price went on an unexpected meltdown, plunging from $4.08 to the current abysmal level of $2.97.

The slow-down of SIA Engineering share price started way back in 2014. Incidentally, that was the period when [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]

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Updated: August 22, 2018 — 1:13 pm

2 Comments

Add a Comment
  1. still not cheap, though dividend quite good

  2. Hi Leo,

    Fully agreed that SIA Engineering is not cheap at the moment.

    Regards,
    Gerald
    https://www.sgwealthbuilder.com

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