Asked on 13 Aug 2020
I'm considering buying SIA stocks, any advice?
Maisul, Youtuber at Google (Channel : Say Do Invest)
Answered on 13 Aug 2020
I would say hurt in the short term. Long term they will be fine.
Revenues will be affected because of travel bans. Many places have restrictions and it will take some time to go back to the 2019 norms.
While planes remains idle, money is still spend on maintainence and payment of their employees.
If you are planning to buy travel stocks , expect returns in years not anytime soon.
If the company financials are hurt, so will the price of the stock.
If you are a long term investor, you should not worry about the short term worries.