Possible reasons behind suspension.
Analysts: K Ajith/Eugene Ng Tel: +65 6590 6627
SIA has a 32.8% stake in Tiger Airways (Tiger)and the suspension could be :
a) M&A related with SIA increasing its stake in Tiger.
b)plans for greater cooperation between the two or SIA's new Long haul LCC.
c) Alternatively, it could be related to a potential rights issue for Tiger Airways.
In any case, we prefer SIA operationally compared to Tiger, but if SIA raises its stake in Tiger or makes a General Offer, it could be construed as negative, given the latter's substantial debt obligations.
