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SINGAPORE: Singapore Airlines (SIA) said no decision has been made about a change in its shareholding in budget carrier Tiger Airways.
SIA was responding to queries by Channel NewsAsia, amid market speculation that SIA might raise its stake in Tiger.
In Wednesday's trade, shares of Tiger Airways rose 13.5 per cent to close at S$1.135, with some 53.5 million shares changing hands.
That prompted the Singapore Exchange (SGX) to ask the carrier to explain the sharp rise in its share price and the surge in trading activity on Wednesday.
As of 30 June 2011, SIA owns a 32.9 per cent stake in Tiger.
The budget carrier is currently suspended from operating domestic flights in Australia due to safety concerns.
SIA confirm with channel newasia that it is not increasing it shares in TigerAir. So the rumour that SIA buying more TigerAir share is not true.
Tomorrow may drop more that $0.20 to below $1.00 again. So better take profit if possible.
Good luck
this is expected!
forgot2bme ( Date: 20-Jul-2011 18:34) Posted:
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classic BUY on RUMOR
SELL on NEWS
Wow really all hell break loose... BREAK UPWARDS... This is unexpected...
just sold all i have.. may collect again when there is correction..
nothing will happen i think just SOP from SGX to ask and SOP for them to answer..i think good news coming that why...
Dealer said was linked to rumours Singapore Airlines might raise its stake in the beleaguered carrier.
If true , who is the one that leaked the news? Must suspend and investigate!
If not true , expect heavy sell down tomorrow which I think some BBs behind are going to benefit from this rumours.
Broker_77 ( Date: 20-Jul-2011 17:35) Posted:
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The bulk of the gains came in the last hour of trading, which one dealer said was linked to rumours Singapore Airlines might raise its stake in the beleaguered carrier.
Sorry, but why it is good news?
Broker_77 ( Date: 20-Jul-2011 17:35) Posted:
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This is good news..
SINGAPORE, July 20 (Reuters) - Singapore Exchange on Wednesday asked budget carrier Tiger Airways to explain the sharp rise in its share price and surge in trading activity.
Shares of Tiger Airways closed 13.5 percent to S$1.135, with a volume of 53.5 million shares changing hands. This was four times its average daily volume over the last five sessions.
The bulk of the gains came in the last hour of trading, which one dealer said was linked to rumours Singapore Airlines might raise its stake in the beleaguered carrier.
The budget carrier, about one-third owned by the Singapore flag carrier, is currently suspended from operating domestic flights in Australia due to safety concerns. (Reporting by Charmian Kok Editing by Kevin Lim)
Tiger Airway questioned, might get suspend or halt?
Source: www.sgx.com
| 20 July 2011 Angela Chan Mui Chin Company Secretary Tiger Airways Holdings Ltd 50 Raffles Place #32-01 Singapore Land Tower Singapore 048623 Dear Madam QUERY REGARDING TRADING ACTIVITY We have noted, and draw to your attention, a substantial increase in the price of your shares today. To ensure a fair, orderly and transparent market, please answer each of the following: Question 1: Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading? - If yes, the information must be announced immediately. Question 2: Are you aware of any other possible explanation for the trading? Question 3: Can you confirm your compliance with the listing rules and, in particular, listing rule 703? Please respond immediately via SGXNET. Where appropriate, you may want to request a trading halt or a suspension of trading. Please contact Market Control (or, if you need to discuss the matter, your Account Manager in Issuer Regulation) immediately. Thank you for your cooperation. We have released this letter via SGXNET. Yours faithfully Kelvin Koh Vice President Head, Market Surveillance Risk Management & Regulation Notes: 1. Subject to limited exceptions in rule 703, an issuer must announce any information known to the issuer concerning it or any of its subsidiaries or associated companies which is necessary to avoid the establishment of a false market in the issuer’s securities, or would be likely to materially affect the price or value of its securities must be publicly disclosed (rule 703). 2. An issuer must undertake a review to determine the causes of any unusual trading activity (paragraph 20 of Appendix 7.1). 3. An announcement should, among other things, state whether the issuer or any of its directors are aware of the reasons for the unusual trading activity and whether there is any material information which has not been publicly disclosed (paragraph 31 of Appendix 7.1). 4. Your responsibility under listing rules is not confined to, or necessarily satisfied by, answering the questions in this letter |
tiger reverse already...short better cover tml...going to 1.2 or 1.3 soon.
Tiger fly like a bird, Genting sink like a submarine.
They take turn to give people heart attack or happiness, depending on which side are u on.
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if not sure ask SGX for quote.. 14% up up up |
 TigerAir |
J7X | 1.145 | +0.145 | +14.500 |
Wow... Tiger Really Can Fly...
Lucky, I cover my short liao, else Tiger Fly, I die.
u sure???????
ozone2002 ( Date: 20-Jul-2011 16:40) Posted:
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up 11% in a day.....buy on weakness... )
ozone2002 ( Date: 05-Jul-2011 13:11) Posted:
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fly tiger fly.
did anyone make $$ out of tiger from me?