Wednesday, May 7, 2014

Could The New CEO Salvage Tigerair ?

Tigerair J7X Singapore Shares
After six consecutive quarters of losses and the nose-diving share price, Tigerair (J7X.SI) has just announced the departure of their CEO, Koay Peng Yen effective 12 May 2014 (after less than 2 years on the job).
Mr Lee Lik Hsin, a 20-year veteran of Singapore Airlines, will become chief executive from May 12. So, with the new captain taking charge of the ship (I means plane), do you think the ailing Airlines will see light at the end of the tunnel soon?
Of course, there is no crystal ball can predict the future so well yet, but personally think that SIA will do whatever they can to salvage the business. So, give the new CEO one to two years' time to prove himself.
Tigerair is currently traded at SGD0.40 (which is far off from its heyday of SGD2.00+), I will keep this counter in my watch list and monitor for a couple of months, will decide whether to give it a go by the end of third quarter (Sep 2014).
What is your view on this counter?

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