SIA, SIA Engineering, SATS up on vaccine boost, but full recovery still far ahead

The first half of 2020 was a difficult time for aviation stocks listed on the Singapore Exchange (SGX). Shares of Singapore Airlines (SIA), SIA Engineering and SATS had crashed to multi-year lows as the Covid-19 pandemic brought air travel to a near standstill.

But as the year draws to a close, all three stocks have clawed back from the bottom. SIA Engineering has climbed more than 20% from its November low of $1.61, though it is still down 28.2% year-to-date as of Dec 14. Similarly, SATS has jumped more than 30% from its November low of $3.07, though it is also down 17.4% year-to-date as of Dec 14.

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