Tuesday, January 07, 2014

Divestment Of Tiger Airways

With its recent announcement that it would sell its Philippines subsidiary to Cebu Air, I decided to take the opportunity to sell off my entire stake as well, when the price bounced back above 50c.

I think the budget air travel industry is going through a very tough period and have already been looking at an opportune moment to exit. My reasons for buying into the stock 6 months ago weren't very clear as well and it was always like a black mark in my current portfolio.

Moving forward, with a better rationalized format of choosing my stock holdings, I doubt I would get into a counter so rashly again.

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