- We expect Singapore Airlines (SIA, SGX:C6L)’s FY25 earnings to be lower y-o-y, driven by moderation of pax yields, while SATS (SGX:S58) and SIA Engineering (SGX:S59) should see earnings rise y-o-y on better business volume.
- - Read this at SGinvestors.io -
- Maintain MARKET WEIGHT. Top picks: SATS and SIA Engineering.
Singapore’s air traffic recovery to date been more driven by Singaporeans travelling overseas.
- - Read this at SGinvestors.io -
Number of foreign visitors to Singapore also recovering but return of Chinese visitors has been slow.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Roy Chen CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-12-11
