facebookSIA share price soared 14% after news that Pfizer is a step closer to getting the COVID-19 vaccine. But for a long-term investor, is SIA worth buying? - Seedly

Advertisement

Anonymous

07 Dec 2020

Stocks

SIA share price soared 14% after news that Pfizer is a step closer to getting the COVID-19 vaccine. But for a long-term investor, is SIA worth buying?

Discussion (1)

What are your thoughts?

Yu Qi Tan

Yu Qi Tan

07 Dec 2020

Level 7·Student Ambassador 21/22 at Seedly

I think for a long term investor, SIA might not be worth buying. Travel might not be the same as before even with the news of vaccine. Furthermore, SIA is a capex intensive business... there’s no room for organic growth as compared to perhaps software business where they can experience recurring revenues growth and at a high margins. SIA is a cyclical company and usually sees peak demand during the traveling season. Hence, perhaps, it might not be worth buying!

That being said, please do your due diligence before doing anything! This is just my opinions and not a recommendation to do anything! Hope it helps!

Write your thoughts

Advertisement