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Singapore aviation services poised to continue to soar: Maybank

Benjamin Cher
Benjamin Cher11/26/2019 03:17 PM GMT+08  • 4 min read
Singapore aviation services poised to continue to soar: Maybank
SINGAPORE (Nov 26): Maybank Kim Eng Research is positive on the Singapore aviation services sector for 2020, with a pick up in the number of events in 2020 expected to fuel the sector’s continued outperformance.
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SINGAPORE (Nov 26): Maybank Kim Eng Research is positive on the Singapore aviation services sector for 2020, with a pick up in the number of events in 2020 expected to fuel the sector’s continued outperformance.

The sector has survived the turbulent year so far, marked by weak 1H2019 visitor arrivals, shrinking air cargo volume and unrest in Hong Kong.

Despite the turbulence, ST Engineering (STE), SATS and SIA Engineering (SIAEC) recorded revenue growth for 3Q2019, at 27.2%, 9.8% and 1.3% y-o-y respectively.

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