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Singapore aviation sector poised for recovery, brokerage says
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UOB Kay Hian projects SIA will turn profitable by the end of March 2024.
ST PHOTO: GAVIN FOO
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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.
