I think that SIA got too greedy, took a 5 year gamble hedge ($74+/barrel?), simply bcos, it's an unnecessary long position/risk,
When JetFuel prices are sky-high, airline carriers imposed surcharges to passengers to cover the fuel costs....
now this 5b hedge is margin called... i believe the CEO has take responisbility for this if it's a PTE company..
Just like Hin Leong too! :O fraud, jail, do not go pass,...
When JetFuel prices are sky-high, airline carriers imposed surcharges to passengers to cover the fuel costs....
now this 5b hedge is margin called... i believe the CEO has take responisbility for this if it's a PTE company..
Just like Hin Leong too! :O fraud, jail, do not go pass,...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!