Tiger

Tiger: To purchase 40% stake in SEAIR for US$7.0m instead. The earlier plan announced on Feb 2011 had been to purchase a 32.5% stake in SEAIR for US$6.0m. SEAIR operates in the Philippines and specializes in short-haul point-to-point flights within a 5-hr radius. Tiger now trades at 2.3x P/B. Share price has been listless, in a downtrend, on low volumes despite the 50 day MA crossing the 200 day. See support at current lvls $0.73-0.74