Company Watch

SIA poised to lift off as border curbs ease

Fortunately for SIA, the VTL scheme is underpinned by a buoyant and profitable cargo market.ST PHOTO: GAVIN FOO

SINGAPORE - Not surprisingly, the shares of Singapore Airlines (SIA) soared on Monday (Oct 11) following news of further border openings via Vaccinated Travel Lanes (VTLs).

The stock surged by as much as 9 per cent on Monday to a new 52-week high at $5.59 as it attracted the most institutional buying of all Singapore-listed stocks with $25 million of net inflows.

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