Singapore Airlines

[Scg8866t]

One thing I realised about asset plays, it is good to be priced cheaply on a Price-to-Book basis. However, there has to be event or catalyst for such assets to be unlocked. For example, is there a possibility a company might buy Ritz Carlton away from Singapore Airlines?

Despite its operating cash flow, free cash flow is still rather shaky because of the capex requirements of such industry.

Their recent high capex is to buy new planes for scoot right? 

Btw just released:

http://repository.shareinvestor.com/rpt_...pe/si_news