SGX Aviation Stocks - Phillip Securities 2025-04-16: Broad-based Tariff Headwind

• In March 2025, the aviation industry experienced a broad-based sell-off due to uncertainties brought about by the evolving US tariff landscape.
  • SATS and SIA Engineering were the hardest hit, with share prices plunging by 11.9% and 11.2%, respectively, due to a gloomy air cargo outlook and potential supply chain disruptions for MRO services under the universal tariff.
  • - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• We maintain NEUTRAL on air transportation.

Air cargo rate bounce in the view of US tariff

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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.