SIA TA Chart - 23/10/2008
Given the last few days of selling after the bear rally, SIA has even broken the July 2006 support as well. Despite the market and the counter being severely oversold and a rebound is very likely at hand, SIA might even go below the $10 mark in the future before resuming its uptrend.
From a fundamental point of view, SIA is a good counter with its price-to-book ratio less than 1. Heavily in cash on its balance sheet, the company would weather this crisis. Short term earnings would be affected but its good management will make the best out of this economic storm.
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