Singapore’s aviation sector still has dark clouds looming over it even into 2021, but the race for a Covid-19 vaccine may benefit some companies. UOB Kay Hian analyst K Ajith upgraded the aviation sector to “market weight” on the sector. Ajith has also rated SATS and Singapore Technologies Eng...

In view of the slow recovery in air travel, SATS is expected to incur a net loss in FY21, according to DBS Group Research. The brokerage’s harsh forecast is based on the bleak guidance provided by the International Air Transport Association. According to IATA, air travel could normalise to pre-Cov...

AS THE pandemic brought the travel industry to a screeching halt in H1 2020, the International Air Transport Association (Iata) was hopeful that international travel would start picking up again by the second half of the year.

SATS’s recovery, which is largely dependent on the easing of air travel restrictions, will only be “meaningful” if green lanes allow discretionary travel, according to CGS-CIMB Research. This is especially the case if discretionary travel is allowed from China and Indonesia, the brokerage says...

Singapore markets experienced a gloomy 2Q20 as the Straits Times Index (STI) closed August flat at 2,532.51 pts. This represented a marginal 2.7 pts increase m-o-m as investors were sombre amid gloomy economic data and poor visibility due to the Covid-19 pandemic.  GDP for the quarter contracte...

CGS-CIMB has upgraded its call on SATS from "reduce" to "hold", and raised the counter's target price from S$2.80 price to S$3.00.

Analysts are mixed on the prospects of SATS, following the aviation caterer’s weaker set of results in 1QFY21. Phillip Securities has maintained its “sell” rating for the stock with an unchanged target price of $1.95. CGS-CIMB Research, however, has upgraded the stock to “hold” from “red...

CGS-CIMB has upgraded its call on SATS to "hold" from "reduce", with an increased target price of S$3.00 from S$2.80. The research team said the worst could be over for the ground handler and food solutions provider's bottom line.

THE following companies saw new developments that may affect trading of their securities on Tuesday:

SATS will continue to reduce its headcount after swinging into loss in its fiscal first quarter, it said in a conference call on Monday.