Should investors sell SIA's soaring shares?
Investors who choose to sell should do so because SIA has terrible fundamentals rather than because its stock has surged
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CUT your losses short and let your winners run, goes the old market adage. But what if the stock in question is Singapore Airlines (SIA)?
Since the end of October last year, shares in SIA have rocketed some 59 per cent, sharply outperforming the Straits Times Index (STI), which climbed about 32 per cent.
On a year-to-date basis, SIA is up more than 26 per cent, making it the second best performing component stock of the STI, behind Yangzijiang Shipbuilding (which is up more than 36 per cent) and ahead of Hongkong Land (which is up more than 21 per cent). The STI was up almost 13 per cent during the same period.
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