Home Capital Broker's Calls

SIAEC and SATS are UOBKH's preferred proxies to ride recovery of 'market weight' aviation sector

Felicia Tan
Felicia Tan4/27/2022 12:48 AM GMT+08  • 4 min read
SIAEC and SATS are UOBKH's preferred proxies to ride recovery of 'market weight' aviation sector
Changi Airport's Terminal 2. Photo: Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

UOB Kay Hian analyst Roy Chen is keeping “market weight” on the Singapore aviation sector as air traffic data at Changi Airport and operating data reported by Singapore Airlines (SIA) exceeded his expectations.

“While the paces of recovery in the flight activities and the passenger capacity reactivation were broadly in line, surprise mainly came from the passenger volume,” Chen writes in his April 25 report.

In March, passenger volume for March rose 62.2% m-o-m to 1.14 million, which stood 19.2% of its pre-Covid-19 levels in January 2020.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now