Singapore aviation sector poised for recovery, brokerage says

UOB Kay Hian projects SIA will turn profitable by the end of March 2024. ST PHOTO: GAVIN FOO
New: Gift this subscriber-only story to your friends and family

SINGAPORE - The recovery of the Singapore aviation sector is well on track, with SIA Engineering (SIAEC) and ground services specialist Sats expected to benefit most from the initial take-off of air travel, followed by Singapore Airlines (SIA), noted UOB Kay Hian.

A research report out this week maintained a "market weight" on the sector, citing industry experts saying activity will return to pre-Covid-19 levels by the end of 2024.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.