A Singapore stock that i am bullish on in the long term is the Singapore Airlines Ltd (SGX : C6L) stock.
Due to Covid-19, businesses and companies in the F&B, hotel, and aviation industries have been badly affected, with many businesses being forced to cease operations. The pandemic has resulted in tigter border restrictions, resulting in a massive drop in global air traffic. Hence, Singapore Airlines' businesses were badly hit, resulting in the drastic decrease in the share price of the Singapore Airlines stock, reaching the price of $3.45/share, which was the lowest since 1998. However, i believe that this stock will be a great investment in the long-term because of the increase of vaccination rates all over the world, and travel restrictions will eventually be lifted in the future, which will allow people to travel by air. Moreover, i believe that the hygiene and safety standards of airlines will be more stringent in light of the pandemic. Although it may take a few years for the airline industry to fully recover from the pandemic, i believe that the future of the stock will be bright and thus, i am bullish on this stock in the long-term.
精彩评论