Singapore Aviation Stocks - Phillip Securities 2025-08-18: Mixed Performance, Supported By EQDP

• In July 2025, the aviation sector delivered a mixed performance, with small-to mid-cap counters supported by the positive momentum of the Equity Market Development Programme (EQDP). China Aviation Oil was the top gainer, surging 26.2% on the back of strong 1H25 results, while SATS edged up 0.9%. Conversely, SIA and SIA Engineering entered a correction phase, plunging 10.5% and 6.0%, respectively, amid fading recovery tailwinds.
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Outlook

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Above is an excerpt from a report by Phillip Securities Research.
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